HP (Hewlett-Packard) 0012C-90001 Calculator User Manual


 
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).
–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.