50941

HP HP-12c Manual

11
Zoom out
Zoom in
Previous page
1/218
Next page
11
Making Financial
Calculations Easy
Before you begin to read through this handbook, let’s take a look at how easy
financial calculations can be with your HP 12C Platinum. While working
through the examples below, don’t be concerned about learning how to use the
calculator; we’ll cover that thoroughly beginning with Section 1.
Example 1: Suppose you want to ensure that you can finance your daughter’s
college education 14 years from today. You expect that the cost will be about
$6,000 a year ($500 a month) for 4 years. Assume she will withdraw $500 at the
beginning of each month from a savings account. How much would you have to
deposit into the account when she enters college if the account pays 6% annual
interest compounded monthly?
This is an example of a compound interest calculation. All such problems
involve at least three of the following quantities:
z n: the number of compounding periods.
z i: the interest rate per compounding period.
z PC: the present value of a compounded amount.
z PMT: the periodic payment amount.
z FV: the future value of a compounded amount.
In this particular example:
z n is 4 years × 12 periods per year = 48 periods.
z i is 6% per year ÷ 12 periods per year = 0.5% per period.
z PV is the quantity to be calculated – the present value when the financial
transaction begins.
z PMT is $500.
z FV is zero, since by the time your daughter graduates she (hopefully!) will
not need any more money.
To begin, turn the calculator on by pressing the ; key. Then, press the keys
shown in the Keystrokes column below.
1
Note: A battery symbol ( ) shown in the upper-left corner of the
display when the calculator is on signifies that the available battery power
is nearly exhausted. To install new batteries, refer to Appendix F.
The calendar functions and nearly all of the financial functions take some
1.
If you are not familiar with the use of an HP calculator keyboard, refer to the description
on pages 16 and 17.
… 11 …


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 HP-12c 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 HP-12c in the language / languages: English as an attachment in your email.

The manual is 1,87 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.

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