V I C T O R T E C H N O L O G Y

when some of the cash flows are repetitive and consecutive. In these situations, the Nj key is invoked by entering the number of repeat cash flows followed by r Nj . For example, if a cash flow of $1000 occurs 5 times in a row, the entries would be 5000 CHS r CFj 5 r Nj .

Example: A landlord buys and rents a building to a tenant for 8 years. The landlord pays $500,000 for the building and rents the building for a net cash flow of $60,000 for the first year, $100,000 per year for 3 years and $120,000 per year for the next 4 years. In the 9th year, the landlord expects to sell the property for $400,000. The landlord’s desired rate of return is 15% per year. What is the NPV of this investment?

Example

 

ENTRIES (RPN)

 

DISPLAY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.00

 

 

 

 

b

 

 

REG

 

 

 

 

 

 

 

 

 

 

 

 

 

Clears the storage and financial registers.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-500,000.00

 

 

 

500000

 

CHS

 

 

r

CFo

 

 

 

 

 

 

 

Displays -$500,000 as the initial cash flow.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

60,000.00

 

 

 

60000

 

r

CFj

 

 

 

 

 

 

 

 

 

Displays $60,000 as the year 1 cash flow.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

100,000.00

 

 

 

100000

 

r

CFj

 

 

 

 

 

 

 

Displays $100,000 as the year 2 cash flow.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.00

 

 

 

3

 

r

 

Nj

 

 

 

 

 

Displays the number of consecutive times the

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$100,000 cash flow will occur.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

120,000.00

 

 

 

120000

 

r

CFj

 

 

 

 

 

 

 

Displays $120,000 as the year 5 cash flow.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.00

 

 

 

4

 

r

 

Nj

 

 

 

 

 

Displays the number of consecutive times the

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$120,000 cash flow will occur.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

400,000.00

 

 

 

400000

 

r

CFj

 

 

 

 

 

 

 

Displays $400,000 as the final cash flow amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15

 

i

 

 

 

 

 

15.00

 

 

 

 

 

 

 

 

 

 

 

 

Displays the 15% desired rate of return

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4.00

 

 

 

 

 

RCL

 

n

 

 

 

 

 

Displays the number of unique cash flow amounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

entered

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

24

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Victor Technology V12 manual Entries RPN Display REG
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V12 specifications

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