Section 3:
Section 3:
Section 3:
Section 3: Basic Fin
Basic Fin
Basic Fin
Basic Financial Functions
ancial Functions
ancial Functions
ancial Functions
53
53
53
53
File name: HP 12c+_user's guide_English_E_HDP0F12AE03_062608 - Modified.doc
Page: 53 of 213
Printed Date: 2021/6/16
Dimension: 14.8 cm x 21 cm
Example 2:
Example 2:
Example 2:
Example 2: A 42-month car loan for $3,950 began accruing interest on July 19,
2004, so that the first period began on August 1, 2004. 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.
Keystrokes
Keystrokes
Keystrokes
Keystrokes
Display
Display
Display
Display
f
CLEAR
G
Clears financial registers.
?Æ
Turns off the C
C
C
C indicator in the
display, so that simple interest will be
used for the odd period.
7.192004
\
7.19
Keys in the date interest begins
accruing and separates it from the
next date entered.
8.012004
8.012004
Keys in the date of the beginning of
the first period.
gÒ
13.00
Actual number of odd days.
30
z
0.43
Divides by the length of a monthly
period to get the fractional part of
n.
42
+w
42.43
Adds the fractional part of
n t
o the
number of complete payment periods,
then stores the result in
n.
3950
$
3,950.00
Stores
PV.
120
ÞP
–120.00
Stores
PMT
(with minus sign for cash
paid out)
.
¼
1.16
Periodic (monthly) interest rate.
12
µ
13.95
Annual percentage rate (APR).
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 ...