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Section 3: Basic Financial Functions 49
File name: hp 12c_user's guide_English_HDPMBF12E44 Page: 49 of 209
Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm
Example 2:
If you deposit $50 a month (at the beginning of each month) into a
new account that pays 6
1
/
4
% annual interest compounded monthly, how much will
you have in the account after 2 years
?
Keystrokes Display
fCLEARG
2gA
24.00
Calculates and stores n.
6.25gC
0.52
Calculates and stores i.
50ÞP
–50.00
Stores PMT (with minus sign for cash
paid out).
g×
–50.00
Sets payment mode to Begin.
M
1,281.34
Balance after 2 years.
Example 3:
Property values in an unattractive area are depreciating at the rate
of 2% per year. Assuming this trend continues, calculate the value in 6 years of
property presently appraised at $32,000.
Keystrokes Display
fCLEARG
6n
6.00
Stores n.