HP 0012C-90001 User Manual page 129

Keystrokes Keystrokes
Keystrokes Keystrokes
79000Þ$
¼
12
Example 2: Using the same information given in example 1, calculate the annual Example 2:
Example 2: Example 2:
yield if the loan is to be paid in full at the end of the fifth year (from original
issuance). (In this case both the payment amount and the balloon must be
calculated since they are not given.)
Keystrokes Keyst Keyst Keyst rokes rokes rokes
gÂ
fCLEARG
21gA
9gC
100000Þ$
P
Calculate the remaining balance of the loan after five years.
5gA
M
:w
42-w
79000Þ$¼
12
Section 12: Real Estate and Lending Section 12: Real Estate and Lending
Section 12: Section 12: Real Estate and Lending Real Estate and Lending
Display Display
Display Display
–79,000.00 Input price of mortgage (into PV;
negative to indicate money paid
out).
0.97
Yield per month (calculated).
11.68
Percent annual yield.
Display Display Display Display
252.00
Input the number of periods (into
n).
0.75 Monthly interest rate (into PV).
–100,000.00
Mortgage amount (into PV).
884.58
Payment (calculated).
60.00
Number of periods to be
amortized.
89,849.34
Remaining balance of the loan
after five years.
60.00
18.00
New life of loan.
1.77
Percent monthly yield. (calculated).
21.29
Percent annual yield.
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