HP 0012C-90001, User Manual

Page: 190 / 213

190 190 190 190 Appendix D: Appendix D: Appendix D: Appendix D: Formulas Used Formulas Used Formulas Used Formulas Used
File name: HP 12c+_user's guide_English_E_HDP0F12AE03_062608 - Modified.doc Page: 190 of 213
Printed Date: 2021/6/16 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 Declining Declining Declining----Balance Depreciation Balance Depreciation Balance Depreciation 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
Modified Internal Rate of Return Modified Internal Rate of Return
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 Advance Payments Advance Payments Advance Payments
A = number of payments made in advance.









 
 

 

A
i
i
i FV PV
PMT
A n
n
) (
) 1 ( 1
) 1 (