Declining-Balance Depreciation; Modified Internal Rate Of Return; Advance Payments - HP 0012C-90001 User Manual

190 Appendix D: 190 Appendix D: Formulas Used Formulas Used
190 190 Appendix D: Appendix D: Formulas Used Formulas Used
Program for partial year:
L


DPN 
1
SOYD



LADJ


DPN

j
SOYD

 
LADJ L
where
Declining- - - - Balance Depreciation Declining Balance Depreciation
Declining Declining Balance Depreciation Balance Depreciation
Keyboard function:
 
DPN RBV
j j 
1
Program for partial first year:
FACT
 
DPN SBV
1
100
 
DPN RBV

j 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 = Net future value of the positive cash flows.
P
NPV
= Net present value of the negative cash flows.
N


 NFV

MIRR 
100







Advance Payments

Advance Payments Advance Payments Advance Payments
A
= number of payments made in advance.

PV FV

PMT

 
1 1 (

i


 Y 

1
    
 SBV SAL
(
12

 


j
2
  

SBV D
(
1

LADJ
Y
 
1
 
12
 
FACT
j
for = 1, 2, ...,
L
100
Y
1

L
12
FACT

for j 1
L
100

1


n

P

1


NPV


N


n

i
1 ( )
  
( n A )
i
)

A



)

SAL
)

for j 1
L