HP 15c User Manual
Page 39
Section 1: Using
_ Effectively
39
Since the NPV is negative, the investment does not achieve the desired 9% yield. Calculate
the IRR.
Keystrokes
Display
B
8.04
IRR (after about 5 seconds).
The IRR is less than the desired 9% yield.
Example: An investment of $620,000,000 is expected to have an annual income stream for
the next 15 years as shown in the diagram.
What is the expected rate of return?
Keystrokes
Display
3
v2
2
´mC
2.00
´>1
2.00
620000000
”
-620,000,000
OC
-620,000,000.0
1
OC
1.00
100000000
OC
100,000,000.0
10
OC
10.00
5000000
OC
5,000,000.00
5
OC
5.00
B
10.06
IRR.
´•4
10.0649
´U
10.0649
Deactivates User mode.