HP 12C Financial calculator User Manual
Page 190
190 Appendix D: Formulas Used
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
Program for partial year:
)
(
12
1
1
SAL
SBV
Y
SOYD
L
DPN
−
⋅
⎟
⎠
⎞
⎜
⎝
⎛
⋅
⎟
⎠
⎞
⎜
⎝
⎛
=
)
(
2
1
SAL
D
SBV
SOYD
j
LADJ
DPN
LADJ
j
−
−
⋅
⎟
⎟
⎠
⎞
⎜
⎜
⎝
⎛
+
−
=
for j
≠
1
where
⎟
⎠
⎞
⎜
⎝
⎛
−
=
12
1
Y
L
LADJ
Declining-Balance Depreciation
Keyboard function:
L
FACT
RBV
DPN
j
j
100
1
⋅
=
−
for j = 1, 2, …, L
Program for partial first year:
12
100
1
1
Y
L
FACT
SBV
DPN
⋅
⋅
=
L
FACT
RBV
DPN
j
j
100
1
⋅
=
−
for j
≠
1
Modified Internal Rate of Return
n
= number of compounding periods.
NFV
P
= Net future value of the positive cash flows.
NPV
N
= Net present value of the negative cash flows.
⎥
⎥
⎥
⎦
⎤
⎢
⎢
⎢
⎣
⎡
−
⎟⎟
⎠
⎞
⎜⎜
⎝
⎛
−
=
1
100
1
n
N
P
NPV
NFV
MIRR
Advance Payments
A
= number of payments made in advance.
⎥
⎥
⎦
⎤
⎢
⎢
⎣
⎡
+
+
−
+
−
=
−
−
−
A
i
i
i
FV
PV
PMT
A
n
n
)
(
)
1
(
1
)
1
(