Formulas used, Appendix d – HP 12C Financial calculator User Manual

Page 185

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185

File name: hp 12c_user's guide_English_HDPMBF12E44

Page: 185 of 209

Printered Date: 2005/7/29

Dimension: 14.8 cm x 21 cm

Appendix D

Formulas Used

Percentage

100

)

Rate(

)

Base(

%

x

y ×

=

⎟⎟

⎜⎜

=

)

Base(

)

Base(

)

NewAmount(

100

%

y

y

x

⎟⎟

⎜⎜

=

)

Total(

)

Amount(

100

%T

y

x

Interest

n = number of compounding periods.

i = periodic interest rate, expressed as a decimal.

PV = present value.

FV = future value or balance.

PMT = periodic payment.

S = payment mode factor (0 or 1) indicating treatment of PMT.

0 corresponds to End, 1 to Begin.

I = interest amount.

INTG (n) = integer portion of n.

FRAC (n) = fractional portion of n.

Simple Interest

i

PV

n

I

Ч

Ч

=

360

360

i

PV

n

I

Ч

Ч

=

365

365

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