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68 Section 4: Additional Financial Functions
File name: hp 12c_user's guide_English_HDPMBF12E44 Page: 68 of 209
Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm
Example:
The market is quoting 88
3
/
8
% for the bond described in the preceding
example. What yield will that provide
?
Keystrokes Display
3\8z
0.38
Calculates
3
/
8
.
88+$
88.38
Enters quoted price.
6.75P
6.75
Enters coupon rate.
4.282004\
4.28
Enters settlement (purchase) date.
6.042018
6.042018
Enters maturity (redemption) date.
fS
8.15
Bond yield.
Depreciation Calculations
The hp 12c enables you to calculate depreciation and the remaining depreciable
value (book value minus salvage value) using the straight-line,
sum-of-the-years-digits, and declining-balance methods. To do so with any of these
methods:
1. Enter the original cost of the asset, using $.
2. Enter the salvage value of the asset, using M. If the salvage value is zero,
press 0M.
3. Enter the expected useful life of the asset (in years), using n.
4. If the declining-balance method is being used, enter the declining-balance
factor (as a percentage), using ¼. For example, 1
1
/
4
times the straight-line
rate — 125 percent declining-balance — would be entered as 125¼.
5. Key in the number of the year for which depreciation is to be calculated.
6. Press:
z fV for depreciation using the straight-line