Mastering the HP12C - Using the HP12C Financial Calculator (GE3)
NY State Approved for 15 hours of credit
CANNOT BE LATE FOR THIS CLASS!!! PLEASE REGISTER IN ADVANCE!!!
– IF YOU MISS THE FIRST HOUR – YOU WILL BE LOST FOR THE REST
OF THE DAY.
- Course Objectives
- This class is approved by the Appraisal Foundation for 15 hours of Credit toward your General Certification.
Gain a working knowledge of the HP12C financial calculator with this hands-on, two-day keystroke and real estate applications seminar. Through clear step-by-step examples, develop an understanding of the reasoning and technique to solve both simple and complex investment equations.
Topics include six functions of the dollar; loan value; debt coverage ratio; nominal stated rate versus annual percentage yield; loan amortization, including principal, interest, and balloon payment; market value versus face value of a note (loan); real estate as an investment; the precepts of time value of money; discounting net operating incomes (IO) and future resale value to a present investment value; investment criteria using internal rate of return (IRR) and net present value (NPV); levered and un-levered investments (positive, negative leverage); IRR to the equity position; face rent versus effective rent; and statistical topics including mean, median, and standard deviation. Self-evaluation quizzes, an individual question and answer session with the instructor, and a glossary of terms and economic indicators commonly used by industry professionals are included.
A. INTRODUCTION TO FUNCTIONS OF THE HP12C: 2 hours
Financial, Mathematical and Statistical
Modes (RPN, ALG)
Basic Arithmetic calculations
Using the Memory & Percentage Key
B. COMPOUND INTEREST AND DISCOUNT FACTORS 3 hoursv
Six functions of the dollar
C. DETERMINING OVERALL CAPITALIZATION RATES 3 hours
Case study valuation
Discount cash flow yield capitalization
D. INCOME VALUATION COMPARISON 3 hours
Comparison of cost and sales approaches
E. INTRODUCTION TO VARIABLE / IRREGULAR CASH FLOWS 3 hours
Selecting and supporting the discount rate
Calculating internal rate of return
Final examination 1 hour
- Where do I take
- New York Real Estate Institute
139 West 35th, 2nd floor
New York, NY 10018
the Using HP12C in Real Estate Appraisal course. NY State approved
for continuing education credit.