HP 12C Platinum User Manual page 196

196 Section 13: Investment Analysis
Example: An investor has the following unconventional investment opportunity.
The cash flows are:
Group
0
1
2
3
4
Calculate the MIRR using a safe rate of 6% and a reinvestment (risk) rate of 10%.
Keystrokes Keystrokes
(RPN mode) (ALG mode)
f] f[
fCLEARH fCLEARH
0gJ 0gJ
100000gK 100000gK
5ga 5ga
0gK5ga 0gK5ga
0gK9ga 0gK9ga
200000gK 200000gK
10gCfl 10gCfl
Þ$ Þ$
20nM 20nM
180000Þg 180000Þg
J0gK5g J0gK5g
a100000Þ a100000Þ
gK5ga6 gK5ga
6gCfl
gCfl
20n¼ 20n¼
12§
§12³
# of Months Cash Flow ($)
1
5
5
9
1
Display
0.00
0.00
100,000.00
5.00
5.00
9.00
200,000.00
657,152.37
-657,152.37
775,797.83
-660,454.55
0.81
9.70
–180,000
100,000
–100,000
0
200,000
First cash flow.
Second through sixth
cash flows.
Next five cash flows.
Next nine cash flows.
Last cash flow.
NPV of positive cash
flows.
NFV of positive cash
flows.
NPV of negative cash
flows.
Monthly MIRR
Annual MIRR.