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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.
gÂ
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 si
g
n
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.