Section 3: Basic Financial Functions
59
File name: HP 12cpt_user's guide_English_110608.DOC
Page: 71 of 285
Printed Date: 2009/1/13
Dimension: 14.8 cm x 21 cm
Calculating the Payment Amount
1. Press
f
CLEAR
G
to clear the financial registers.
2. Enter the number of payments or periods, using
n
or
gA
.
3. Enter the periodic interest rate, using
¼
or
gC
.
4. Enter either or both of the following:
z
Present value, using
$
.
z
Future value, using
M
.
Note:
Remember to observe the
cash flow sign convention.
5. Press
g×
or
gÂ
to set the payment mode.
6. Press
P
to calculate the payment amount.
Example 1:
Calculate the payment amount on a 29-year, $243,400 mortgage
at 5.25% annual interest, compounded monthly.
Keystrokes Display
f
CLEAR
G
29
gA
348.00
Calculates and stores
n.
5.25
gC
0.44
Calculates and stores
i.
243400
$
243,400.00
Stores
PV.
gÂ
243,400.00
Sets payment mode to End.
P
–1,363.29
Monthly payment (with minus sign
for cash paid out).
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: ......