HP 12C Financial calculator - Manual (Page 47)

Section 3: Basic Financial Functions 47
File name: hp 12c_user's guide_English_HDPMBF12E44 Page: 47 of 209
Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm
Keystrokes Display
fCLEARG
29gA
348.00
Calculates and stores n.
14.25gC 1.19 Calculates and stores i.
43400$ 43,400.00 Stores PV.
g 43,400.00 Sets payment mode to End.
P –523.99 Monthly payment (with minus sign
for cash paid out).
Example 2: Looking forward to retirement, you wish to accumulate $60,000
after 15 years by making deposits in an account that pays 9
3 /
4
% interest
compounded semiannually. You open the account with a deposit of $3,200 and
intend to make semiannual deposits, beginning six months later, from your
profit-sharing bonus paychecks. Calculate how much these deposits should be.
Keystrokes Display
fCLEARG
15\2µw
30.00
Calculates and stores n.
9.75\2z¼ 4.88 Calculates and stores i.
3200Þ$ –3200.00 Stores PV (with minus sign for cash
paid out).
60000M 60,000.00 Stores FV.
g 60,000.00 Sets payment mode to End.
P –717.44 Semiannual payment (with minus sign
for cash paid out).