HP 12c Owners Manual
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Section 11: Multiple Programs 121 File name: hp 12c_users guide_English_HDPMBF12E44 Page: 121 of 209 Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm Example 1: Assuming that program memory still contains the last program from the preceding section (which consisted of 17 program lines), store after that program the office-supplies program from Section 8 (page 88). Since this is the second program to be stored in program memory, we’ll ensure that a i 00 instruction separates it...
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122 Section 11: Multiple Programs File name: hp 12c_users guide_English_HDPMBF12E44 Page: 122 of 209 Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm Example 2: With the two programs now stored in program memory from the preceding examples (occupying 27 program lines), store the amortization program from Section 9(page 103). Since there are already two programs stored in program memory, we’ll skip step 3 in the procedure above. Furthermore, since the amortization program ends with...
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File name: hp 12c_users guide_English_HDPMBF12E44 Page: 123 of 209 Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm Part III Solutions
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124 File name: hp 12c_users guide_English_HDPMBF12E44 Page: 124 of 209 Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm Section 12 Real Estate and Lending Annual Percentage Rate Calculations With Fees Borrowers are usually charged fees in connection with the issuance of a mortgage, which effectively raises the interest rate. The actual amount received by the borrower (PV) is reduced, while the periodic payments remain the same. Given the life or term of the mortgage, the interest...
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Section 12: Real Estate and Lending 125 File name: hp 12c_users guide_English_HDPMBF12E44 Page: 125 of 209 Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm Example 1: A borrower is charged 2 points for the issuance of his mortgage. If the mortgage amount is $60,000 for 30 years and the interest rate is 111/2% per year, with monthly payments, what true annual percentage rate is the borrower paying? (One point is equal to 1% of the mortgage amount.) Keystrokes Display gÂ...
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126 Section 12: Real Estate and Lending File name: hp 12c_users guide_English_HDPMBF12E44 Page: 126 of 209 Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm Example 3: Again using the information given in example 1, what is the APR if the mortgage fee is stated as 2 points plus $150? Keystrokes Display g fCLEARG 30gA 360.00 Months (into n) 11.5gC 0.96 Percent monthly interest rate (into i ). 60000$ 60,000.00 Loan amount (into PV). P –594.17 Monthly payment...
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Section 12: Real Estate and Lending 127 File name: hp 12c_users guide_English_HDPMBF12E44 Page: 127 of 209 Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm Example 1: A lender wishes to induce the borrower to prepay a low interest rate loan. The interest rate is 5% with 72 payments remaining of $137.17 and a balloon payment at the end of the sixth year of $2000. If the lender is willing to discount the future payments at 9%, how much would the borrower need to prepay the note?...
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128 Section 12: Real Estate and Lending File name: hp 12c_users guide_English_HDPMBF12E44 Page: 128 of 209 Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm Yield of a Mortgage Traded at a Discount or Premium The annual yield of a mortgage bought at a discount or premium can be calculated given the original mortgage amount, interest rate, and periodic payment, as well as the number of payment periods per year, the price paid for the mortgage, and the balloon payment amount (if it...
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Section 12: Real Estate and Lending 129 File name: hp 12c_users guide_English_HDPMBF12E44 Page: 129 of 209 Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm Keystrokes Display 79000Þ$ –79,000.00 Input price of mortgage (into PV; negative to indicate money paid out). ¼ 0.97 Yield per month (calculated). 12§ 11.68 Percent annual yield. Example 2: Using the same information given in example 1, calculate the annual yield if the loan is to be paid in full at the end of the fifth...
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130 Section 12: Real Estate and Lending File name: hp 12c_users guide_English_HDPMBF12E44 Page: 130 of 209 Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm The Rent or Buy Decision The question of whether to rent or purchase a residence is not always easy to answer, especially when the time period over which you would own or rent a house is short. This program performs an analysis which could be helpful in reaching a decision. Essentially, it calculates a yield or rate of return on...