Calculating The Payment Amount - HP 12c User Manual
Financial calculator
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Also See for 12c:
- User manual (288 pages) ,
- Owner's handbook manual (213 pages) ,
- Reference manual (168 pages)
Table of Contents
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46
46
Section 3:
Section 3: Basic Financial Functions
Basic Financial Functions
46
46
Section 3:
Section 3:
Basic Financial Functions
Basic Financial Functions
Keystrokes
Keystrokes
Keystrokes
Keystrokes
fCLEARG
5w
12¼
17500P
540000M
gÂ
$
Calculating the Payment Amount
Calculating the Payment Amount
Calculating the Payment Amount
Calculating the Payment Amount
1. Press fCLEARG to clear the financial registers.
2. Enter the number of payments or periods, using w or A.
3. Enter the periodic interest rate, using ¼ or C.
4. Enter either or both of the following:
Present value, using $.
Future value, using M.
5. Press g× or g to set the payment mode.
6. Press P to calculate the payment amount.
Example 1:
Examp
Examp
Examp
le 1: Calculate the payment amount on a 29-year, $43,400 mortgage at
le 1:
le 1:
1
14
/
% annual interest.
4
Display
Display
Display
Display
5.00
Stores
12.00
Stores
17,500.00
Stores
problem, here
since it represents cash
540,000.00
Stores
540,000.00
Sets payment mode to End.
–369,494.09
The maximum purchase price to
provide a 12% annual yield.
displayed with a minus sign since
it represents cash
Note:
Note:
Note:
Note:
observe the cash flow sign
convention.
n.
i.
PMT.
Unlike in the previous
PMT
is positive
received
FV.
paid out
.
Remember to
.
PV
is
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