HP 12C Financial calculator - Manual (Page 46)

46 Section 3: Basic Financial Functions
File name: hp 12c_user's guide_English_HDPMBF12E44 Page: 46 of 209
Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm
Keystrokes Display
fCLEARG
5n
5.00
Stores n.
12¼ 12.00 Stores i.
17500P 17,500.00 Stores PMT. Unlike in the previous
problem, here PMT is positive
since it represents cash received.
540000M 540,000.00 Stores FV.
g 540,000.00 Sets payment mode to End.
$ –369,494.09 The maximum purchase price to
provide a 12% annual yield. PV is
displayed with a minus sign since
it represents cash paid out.
Calculating the Payment Amount
1. Press fCLEARG to clear the financial registers.
2. Enter the number of payments or periods, using n or A.
3. Enter the periodic interest rate, using ¼ or C.
4. Enter either or both of the following:
z Present value, using $.
z Future value, using M.
Note: Remember to
observe the cash flow sign
convention.
5. Press g× or g to set the payment mode.
6. Press P to calculate the payment amount.
Example 1: Calculate the payment amount on a 29-year, $43,400 mortgage at
14
1 /
4
% annual interest.