Finance app
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Finance app
About the Finance app
The Finance app, or Finance Solver, provides you with
the ability to solve time-value-of-money (TVM) and
amortization problems. These problems can be used for
calculations involving compound interest applications as
well as amortization tables.
Compound interest is the process by which earned
interest on a given principal amount is added to the
principal at specified compounding periods, and then the
combined amount earns interest at a certain rate.
Financial calculations involving compound interest
include savings accounts, mortgages, pension funds,
leases, and annuities.
Getting Started with the Finance app
Suppose you finance the purchase of a car with a 5-year
loan at 5.5% annual interest, compounded monthly. The
purchase price of the car is $19,500, and the down
payment is $3,000. What are the required monthly
payments? What is the largest loan you can afford if your
maximum monthly payment is $300? Assume that the
payments start at the end of the first period.
1. Start the Finance app.
I
select
Finance
.
The Finance app opens in the Numeric view.
2.
Select
N
, type 5 x 12 and
press
E
.
Summary of Contents for 39gII
Page 1: ...HP 39gII graphing calculator user s guide Edition1 Part Number NW249 90001 ...
Page 2: ...Printing History Edition 1 November 201 1 ...
Page 32: ...22 Getting started ...
Page 58: ...48 Apps and their views ...
Page 70: ...60 Function app ...
Page 80: ...70 Solve app ...
Page 136: ...126 Polar app ...
Page 140: ...130 Sequence app ...
Page 148: ...138 Finance app ...
Page 152: ...142 Linear Solver app ...
Page 218: ...208 Matrices ...
Page 226: ...216 Notes and Info ...
Page 238: ...228 Variables and memory management ...
Page 318: ...308 Programming ...
Page 340: ...330 Reference information ...
Page 346: ...vi Product Regulatory Information ...