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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.
gÂ
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.
gÂ
60,000.00
Sets payment mode to End.
P
–717.44
Semiannual payment (with minus sign
for cash paid out).