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52 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: 52 of 213
Printed Date: 2021/6/16
Dimension: 14.8 cm x 21 cm
Example 1:
Example 1:
Example 1:
Example 1: A 36-month loan for $4,500 accrues interest at a 15% annual
percentage rate (APR), with the payments made at the end of each month. If
interest begins accruing on this loan on February 15, 2004 (so that the first period
begins on March 1, 2004), calculate the monthly payment, with the odd days
counted on the basis of a 30-day month and compound interest used for the odd
period.
Keystrokes
Keystrokes
Keystrokes
Keystrokes
Display
Display
Display
Display
f
CLEAR
G
Clears financial registers.
gÕ
Sets date format to month-day-year.
gÂ
Sets payment mode to End.
?Æ
Turns on the C
C
C
C indicator in the display,
so that compound interest will be used
for the odd period.
2.152004
\
2.15
Keys in the date interest begins
accruing and separates it from the
next date entered.
3.012004
3.012004
Keys in the date of the beginning of
the first period.
gÒ
15.00
Actual number of odd days.
~
16.00
Number of odd days counted on the
basis of a 30-day month.
30
z
0.53
Divides by the length of a monthly
period to get the fractional part of
n.
36
+w
36.53
Adds the fractional part of
n
to the
number of complete payment periods,
then stores the result in
n.
15
gC
1.25
Calculates and stores
i.
4500
$
4,500.00
Stores
PV.
P
–157.03
Monthly 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 ...