HP 12C Financial 0012C-90001, 12C Financial 12C#ABA, 12C Financial F2231AA#ABA DPN1, DPNj, ⎛ LADJ − j +, ⋅ (SBV − D − SAL), LADJ L, DPN, = RBV −, FACT, NFV, MIRR, − NPV, PMT, PV − FV (1+ i)−n, =− ⎛ Y1 ⎞ LADJ L ⎜ ⎟, ⎝ SOYD ⎠, FACT

190 Appendix D: Formulas Used

Program for partial year:

DPN1

DPNj

where

⎛	L ⎞		⎛	Y		⎞
= ⎜		⎟	⋅ ⎜	1		⎟	⋅ (SBV − SAL)
⎝ SOYD ⎠			⎝12			⎠
⎛ LADJ − j + 2					⎞
= ⎜					⎟	⋅ (SBV − D − SAL)		for j ≠ 1
⎜	SOYDLADJ				⎟		1
⎝					⎠

=− ⎛ Y1 ⎞ LADJ L ⎜ ⎟

⎝12⎠

Declining-Balance Depreciation

Keyboard function:
DPN	j	= RBV −		⋅	FACT			for j = 1, 2, …, L
					100L
		j 1
Program for partial first year:
DPN = SBV ⋅			FACT			⋅	Y1
1			100L				12
DPN	j	= RBV −		⋅	FACT			for j ≠ 1
					100L
		j 1

Modified Internal Rate of Return

n= number of compounding periods.

NFVP	= Net future value of the positive cash flows.
NPVN	= Net present value of the negative cash flows.
		⎡			1	⎤
		⎢⎛	NFV	⎞n		⎥
MIRR = 100		⎜	P	⎟		−1
			− NPV
		⎢⎜		⎟		⎥
		⎢⎝	N ⎠			⎥
		⎣				⎦

Advance Payments

	A = number of payments made in advance.
PMT =		PV − FV (1+ i)−n
	⎡		+ i)	−(n−A)		⎤
	⎢	1− (1			+	A⎥
			i
	⎣⎢					⎦⎥

File name: hp 12c_user's guide_English_HDPMBF12E44	Page: 190 of 209
Printered Date: 2005/7/29	Dimension: 14.8 cm x 21 cm