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48
48
48
48 Section 3:
Section 3:
Section 3:
Section 3: Basic Financial Functions
Basic Financial Functions
Basic Financial Functions
Basic Financial Functions
File name: HP 12c+_user's guide_English_E_HDP0F12AE03_062608 - Modified.doc
Page: 48 of 213
Printed Date: 2021/6/16
Dimension: 14.8 cm x 21 cm
Calculating the Future Value
Calculating the Future Value
Calculating the Future Value
Calculating the Future Value
1. Press
f
CLEAR
G
to clear the financial registers.
2. Enter the number of payments or periods, using
w
or
A
.
3. Enter the periodic interest rate, using
¼
or
C
.
4. Enter either or both of the following:
Present value, using
$
.
Payment amount, using
P
.
Note:
Note:
Note:
Note:
Remember to
observe the cash flow sign
convention.
5. If a
PMT
was entered, press
g×
or
gÂ
to set the payment mode.
6. Press
M
to calculate the future value.
Example 1:
Example 1:
Example 1:
Example 1: In Example 1 on page 46, we calculated that the payment amount on
a 29-year, $43,400 mortgage at 14
1
/
4
% annual interest is $523.99. If the seller
requests a balloon payment at the end of 5 years, what would be the amount of
the balloon
?
Keystrokes
Keystrokes
Keystrokes
Keystrokes
Display
Display
Display
Display
f
CLEAR
G
5
gA
60.00
Calculates and stores
n.
14.25
gC
1.19
Calculates and stores
i.
43400
$
43,400.00
Stores
PV.
523.99
ÞP
–523.99
Stores
PMT
(with minus sign for cash
paid out)
.
gÂ
–523.99
Sets payment mode to End.
M
–42,652.37
Amount of balloon payment.
Summary of Contents for 0012C-90001
Page 1: ...hp 12c financial calculator user s guide H Edition 5 HP Part Number 0012C 90001 ...
Page 14: ......
Page 15: ...Part I Part I Part I Part I Problem Solving Problem Solving Problem Solving Problem Solving ...
Page 86: ......
Page 87: ...Part II Part II Part II Part II Programming Programming Programming Programming ...
Page 123: ...Part III Part III Part III Part III Solutions Solutions Solutions Solutions ...
Page 169: ...Appendi Appendi Appendi Appendixes xes xes xes ...