52 Section 3: Basic Financial Functions
File name: HP 12c Pt Converted_user's guide_English_HDP0F123E02_080207
Page: 11 of 281
Printed Date:
{
2007/8/2Dimension: 14.8 cm x 21 cm
Keystrokes
(ALG mode)
Display
+:P
–325.00
Recalls payment amount.
}
–143.11
Final, fractional payment.
Alternatively, you could make the fractional payment together with the 327th
payment. (Doing so will result in a somewhat smaller total of all payments, since
you will not have to pay interest during the 328th payment period.) You can
calculate this final, larger, 327th payment (essentially a balloon payment) as
follows:
Keystrokes
(RPN mode)
Display
327
n
327.00
Stores number of
full payments.
M
–141.87
Calculates
FV
— which is the
balance remaining after 327 full
payments.
:P
–325.00
Recalls payment amount.
+
–466.87
Final, balloon payment.
Keystrokes
(ALG mode)
Display
327
n
327.00
Stores number of
full payments.
M
–141.87
Calculates
FV
— which is the
balance remaining after 327 full
payments.
+:P
–325.00
Recalls payment amount.
}
–466.87
Final, balloon payment.
Instead of having a fractional (or balloon) payment at the end of the loan, you
might wish to make 327 or 328
equal
payments. Refer to “Calculating the
Payment Amount” on page 59 for a complete description of this procedure.
Summary of Contents for 12C
Page 1: ...HP 12c Platinum Financial Calculator User s guide H Edition 5 HP part number F2231AA 90001 ...
Page 15: ...Part I Problem Solving ...
Page 48: ...48 Section 3 Basic Financial Functions ...
Page 104: ......
Page 105: ...Part II Programming ...
Page 156: ......
Page 157: ...Part III Solutions ...
Page 230: ......
Page 231: ...Appendices ...
Page 277: ......