HP (Hewlett-Packard) 12C ユーザーズマニュアル
58 Section 3: Basic Financial Functions
File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 58 of 275
Printed Date: 2005/8/1
Printed Date: 2005/8/1
Dimension: 14.8 cm x 21 cm
Example 2: A development company would like to purchase a group of
condominiums with an annual net cash flow of $17,500. The expected holding
period is 5 years, and the estimated selling price at that time is $540,000.
Calculate the maximum amount the company can pay for the condominiums in
order to realize at least a 12% annual yield.
condominiums with an annual net cash flow of $17,500. The expected holding
period is 5 years, and the estimated selling price at that time is $540,000.
Calculate the maximum amount the company can pay for the condominiums in
order to realize at least a 12% annual yield.
Keystrokes Display
fCLEARG
5n
5n
5.00
Stores n.
12¼
12.00
Stores i.
17500P
17,500.00
Stores PMT. Unlike in the previous
problem, here PMT is positive
since it represents cash received.
problem, here PMT is positive
since it represents cash received.
540000M
540,000.00
Stores FV.
gÂ
540,000.00
Sets payment mode to End.
$
–369,494.09 The maximum purchase price to
provide a 12% annual yield. PV
is displayed with a minus sign
since it represents cash paid out.
is displayed with a minus sign
since it represents cash paid out.
Calculating the Payment Amount
1. Press fCLEARG to clear the financial registers.
2. Enter the number of payments or periods, using n or gA.
3. Enter the periodic interest rate, using ¼ or gC.
4. Enter either or both of the following:
2. Enter the number of payments or periods, using n or gA.
3. Enter the periodic interest rate, using ¼ or gC.
4. Enter either or both of the following:
z
Present value, using $.
z
Future value, using M.
Note:
Remember to observe the
cash flow sign convention.