469972

HP 12c - F2230A Manual

41
Zoom out
Zoom in
Previous page
1/211
Next page
Section 3: Basic Financial Functions 41
File name: hp 12c_user's guide_English_HDPMBF12E44 Page: 41 of 209
Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm
Keystrokes Display
12z
27.33
Twenty-seven years and four months.
Because the calculator rounds the calculated value of n up to the next higher
integer, in the preceding example it is likely that — while 328 payments will be
required to pay off the loan — only 327 full payments of $325 will be required,
the next and final payment being less than $325. You can calculate the final,
fractional, 328th payment as follows:
Keystrokes Display
328n
328.00
Stores total number of payments.
*
M
181.89
Calculates FV — which equals the
overpayment if 328 full payments
were made.
: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 Display
327n
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 46 for a complete description of this procedure.
*
You could skip this step, since 328 is already stored in the n register. If you do so, however,
you will need to press M twice in the next step (for the reason discussed in the first footnote
on page 32; you would not have to press M twice if you had not pressed 12z after w in
the example above.) We choose to show this and the following example in a parallel format
so that the procedure is easy to remember: the number you key is the number of the final
payment — either the fractional payment or the balloon payment — whose amount is to be
calculated.
… 41 …


Need help? Post your question in this forum.

Forumrules


Report abuse

Libble takes abuse of its services very seriously. We're committed to dealing with such abuse according to the laws in your country of residence. When you submit a report, we'll investigate it and take the appropriate action. We'll get back to you only if we require additional details or have more information to share.

Product:

For example, Anti-Semitic content, racist content, or material that could result in a violent physical act.

For example, a credit card number, a personal identification number, or an unlisted home address. Note that email addresses and full names are not considered private information.

Forumrules

To achieve meaningful questions, we apply the following rules:

Register

Register getting emails for HP 12c - F2230A at:


You will receive an email to register for one or both of the options.


Get your user manual by e-mail

Enter your email address to receive the manual of HP 12c - F2230A in the language / languages: English as an attachment in your email.

The manual is 1,75 mb in size.

 

You will receive the manual in your email within minutes. If you have not received an email, then probably have entered the wrong email address or your mailbox is too full. In addition, it may be that your ISP may have a maximum size for emails to receive.

Others manual(s) of HP 12c - F2230A

HP 12c - F2230A Quick start guide - Dutch - 41 pages


The manual is sent by email. Check your email

If you have not received an email with the manual within fifteen minutes, it may be that you have a entered a wrong email address or that your ISP has set a maximum size to receive email that is smaller than the size of the manual.

The email address you have provided is not correct.

Please check the email address and correct it.

Your question is posted on this page

Would you like to receive an email when new answers and questions are posted? Please enter your email address.



Info