70 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 Display
1498.12
ÞP
–1,498.12
Enters PMT (with minus sign for cash
paid out).
gÂ
–1,498.12
Sets payment mode to End.
12
f!
–13,006.53
Portion of first year’s payments (12
months) applied to interest.
~
–4,970.91
Portion of first year’s payments
applied to principal.
:$
245,029.09
Balance remaining after 1 year.
:n
12.00
Total number of payments amortized.
The number of payments keyed in just before
f!
is pressed is taken to be the
payments following any that have already been amortized. Thus, if you now press
12
f!
, your hp 12c platinum will calculate the amounts applied to interest and
to the principal from the second year’s payments (that is, the second 12 months):
Keystrokes Display
12
f!
–12,739.18
Portion of second year’s payments
applied to interest.
~
–5,238.26
Portion of second year’s payments
applied to principal.
dd
12.00
Number of payments just amortized.
:$
239,790.83
Balance remaining after 2 years.
:n
24.00
Total number of payments amortized.
Pressing
:$
or
:n
displays the number in the PV or n register. When you
did so after each of the last two calculations, you may have noticed that
PV
and
n
had been changed from their original values. The calculator does this so that you
can easily check the remaining balance and the total number of payments
amortized. But because of this, if you want to generate a new amortization
schedule from the beginning, you must reset
PV
to its original value and reset
n
to
0.
For example, suppose you now wanted to generate an amortization schedule for
each of the first two months:
Keystrokes
Display
250000
$
250,000.00
Resets
PV
to original value.
0
n
0.00
Resets
n
to zero
.
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: ......