HP 12C, User Manual

Page: 68 / 288

68 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
8.012004
8.012004
Keys in the date of the beginning of
the first period.
gÒ
13.00
Actual number of odd days.
z
30
+
0.43
Divides by the length of a monthly
period to get the fractional part of n.
42
n 42.43
Adds the fractional part of n t o the
number of complete payment
periods, then stores the result in n.
3950
$
3,950.00
Stores PV.
120
ÞP
–120.00
Stores PMT (with minus sign for cash
paid out) .
¼
1.16
Periodic (monthly) interest rate.
§
12
}
13.95
Annual percentage rate (APR).
Before leaving this Odd-Period mode example, you may now press
?Æ
to
turn the C annunciator off, if needed. Note that when the calculator is not in
Odd-Period mode, the status of the C annunciator actually has no effect on
calculator operation. You will find another use of Odd-Period mode and
?Æ
in Section 16 of this manual, where the C must be set before the two
Bond programs will work correctly.