Hp platinum 12c financial calculator
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To calculate the annual interest, key in the number of periods per year, then press x. Press i to calculate the periodic interest rate. If a PMT was entered, press g BEG or g END to set the payment mode.
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Enter at least two of the following values: present value, using PV, payment amount, using PMT, future value, using FV. Enter the number of payments or periods, using n or 12x. Press f CLEAR FIN to clear the financial registers.
#HP PLATINUM 12C FINANCIAL CALCULATOR FULL#
The value of n is rounded up by the calculator to show the total number of payments needed: n-1 equal, full payments, and one final, smaller payment.Ĭalculating the Periodic and Annual Interest Rates For example, if n were calculated as 318.15, 319 would be the displayed answer. If the answer calculated is not an integer, the calculator rounds the answer up to the next higher integer before storing it in the n register and displaying it. Press n to calculate the number of payments or periods. Enter the periodic interest rate, using i or 12/. If the interest were instead compounded monthly, n would be 5 x 12 = 60 and i would be 6% / 12 = 0.5%.Ĭalculating the Number of Payments or Compounding Periods For example, if a problem involves 6% annual interest compounded quarterly for 5 years, n–the number of quarters–would be 5 x 4 = 20 and i–the interest rate per quarter–would be 6% / 4 = 1.5%. However, in compound interest problems, the interest rate entered into i must always be expressed in terms of the basic compounding period, which may be years, months, days, or any other time unit. Interest rates are usually quoted at the annual rate (also called the nominal rate): that is, the interest rate per year. Specifying the Number of Compounding Periods and the Periodic Interest Rate If BEGIN is not lit, the payment mode is set to End. The BEGIN status indicator is lit when the payment mode is set to Begin. To specify the payment mode: press g BEG if payments are made at the beginning of the compounding period, press g END if payments are made at the end of the compounding period. Regardless of whether payments are made in advance or in arrears, the number of payments must be the same as the number of compounding periods. Calculations involving payments in advance yield different results than calculations involving payments in arrears. Such payments can be made either at the beginning of a compounding period (payments in advance, or annuities due) or at the end of the period (payments in arrears, or ordinary annuities). One more bit of information must be specified before you can solve a problem involving periodic payments. Money paid out is entered or displayed as a negative value. The Cash Flow Sign Convention: Money received is entered or displayed as a positive value. When entering the PV, PMT, and FV cash flows, the quantities must be keyed into the calculator with proper sign, + (plus) or - (minus), in accordance with … The financial registers are also cleared when you press f CLEAR REG and when Continuous Memory is reset. The numbers in the other financial registers remain unchanged. To do so, do not press f CLEAR FIN instead, simply store the new number in the register. Frequently, however, you may want to repeat a calculation after changing a number in only one of the financial registers. Before beginning a new financial calculation, it is good practice to clear all of the financial registers by pressing f CLEAR FIN. To display a number stored in a financial register, press RCL followed by the corresponding key.Įvery financial function uses numbers stored in several of the financial registers. To store a number into a financial register, key the number into the display, then press the corresponding key (n, i, PV, PMT, or FV).ĭisplaying Numbers in the Financial Registers Storing Numbers Into the Financial Registers The first five keys on the top row of the calculator are used to store a number from the display into the corresponding register, to calculate the corresponding financial value and store the result into the corresponding register, or to display the number stored in the corresponding register. These registers are designated n, i, PV, PMT, and FV. In addition to the data storage registers discussed, the HP-12C has five special registers in which numbers are stored for financial calculations.