50941
54
Zoom out
Zoom in
Previous page
1/218
Next page
54 Section 3: Basic Financial Functions
Example 2: A 42-month car loan for $3,950 began accruing interest on July 19,
2003, so that the first period began on August 1, 2003. Payments of $120 are
made at the end of each month. Calculate the annual percentage rate (APR),
using the actual number of odd days and simple interest for the odd period.
Amortization
The HP 12C Platinum enables you to calculate the amounts applied toward
principal and toward interest from a single loan payment or from several
payments, and also tells you the remaining balance of the loan after the payments
are made.
13
Keystrokes (RPN mode) Display
fCLEARG Clears financial registers.
Turns off the C indicator in the
display, so that simple interest will
be used for the odd period.
7.192003\
7.19
Keys in the date interest begins
accruing and separates it from the
next date entered.
8.012003
8.012003
Keys in the date of the beginning of
the first period.
13.00
Actual number of odd days.
30z
0.43
Divides by the length of a monthly
period to get the fractional part of n.
42+n
42.43
Adds the fractional part of n to the
number of complete payment
periods, then stores the result in n.
3950$
3,950.00
Stores PV.
120ÞP
–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).
13.
All amounts calculated when f! is pressed are automatically rounded to the number of
decimal places specified by the display format. (The display format is described in Section
5.) This rounding affects the number inside the calculator as well as how the number appears
in the display. The amounts calculated on your HP 12C Platinum may differ from those on
the statements of lending institutions by a few cents, since different rounding techniques are
sometimes used. To calculate answers rounded to a different number of decimal places, press
f followed by the number of decimal places desired before you press f!.
54


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