HP 12c financial calculator Manuale Utente
Making Financial Calculations Easy
13
File name: hp 12c_user's guide_English_HDPMBF12E44
Page: 13 of 209
Printered Date: 2005/7/29
Dimension: 14.8 cm x 21 cm
Example 3: The preceding example showed that the insurance policy will
provide about half the required amount. An additional amount must be set aside to
provide the balance (21,396.61 – 10,470.85 = 10,925.76). Suppose you make
monthly payments, beginning at the end of next month, into an account that pays
6% annually, compounded monthly. What payment amount would be required in
order to accumulate $10,925.75 in the 14 years remaining?
provide about half the required amount. An additional amount must be set aside to
provide the balance (21,396.61 – 10,470.85 = 10,925.76). Suppose you make
monthly payments, beginning at the end of next month, into an account that pays
6% annually, compounded monthly. What payment amount would be required in
order to accumulate $10,925.75 in the 14 years remaining?
Keystrokes Display
fCLEARG
10,470.85
Clears previous financial data
inside the calculator.
inside the calculator.
14gA
168.00
Calculates and stores the number of
compounding periods.
compounding periods.
6gC
0.50
Calculates and stores the periodic
interest rate.
interest rate.
10925.76M
10.925.76
Stores the future value required.
gÂ
10.925.76
Sets payment mode to End.
P
–41.65
Monthly payment required.
Example 4: Suppose you cannot find a bank that currently offers an account
with 6% annual interest compounded monthly, but you can afford to make $45.00
monthly payments. What is the minimum interest rate that will enable you to
accumulate the required amount?
with 6% annual interest compounded monthly, but you can afford to make $45.00
monthly payments. What is the minimum interest rate that will enable you to
accumulate the required amount?
In this problem, we do not need to clear the previous financial data inside the
calculator, since most of it is unchanged from the preceding example.
calculator, since most of it is unchanged from the preceding example.
Keystrokes Display
45ÞP
–45.00
Stores payment amount.
¼
0.42
Periodic interest rate.
12§
5.01
Annual interest rate.
This is only a small sampling of the many financial calculations that can now be
done easily with your hp 12c. To begin learning about this powerful financial tool,
just turn the page.
done easily with your hp 12c. To begin learning about this powerful financial tool,
just turn the page.