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Making Financial Calculations Easy 13
File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 13 of 275
Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm
Note: A battery symbol ( ) shown in the upper-left corner of the display
when the calculator is on signifies that the available battery power is nearly
exhausted. To install new batteries, refer to Appendix F.
The calendar functions and nearly all of the financial functions take some
time to produce an answer. (This is typically just a few seconds, but the¼,
!, L, and S functions could require a half-minute or more.) During
these calculations, the word running flashes in the display to let you know
that the calculator is running.
Keystrokes Display
f
CLEAR
Hf
2
0.00
Clears previous data inside the
calculator and sets display to show
two decimal places.
4
gA
48.00
Calculates and stores the number
of compounding periods.
6
gC
0.50
Calculates and stores the periodic
interest rate.
500
P
500.00
Stores periodic payment amount.
g×
500.00
Sets payment mode to Begin.
$
-21,396.61
Amount required to be deposited.
*
Example 2:
We now need to determine how to accumulate the required deposit
by the time your daughter enters college 14 years from now. Let’s say that she has
a paid-up $5,000 insurance policy that pays 5.35%, compounded annually. How
much would it be worth by the time she enters college
?
In this example, we need to calculate FV, the future value.
Keystrokes Display
f
CLEAR
G
-21,396.61
Clears previous financial data
inside the calculator.
14
n
14.00
Stores the number of compounding
periods.
5.35
¼
5.35
Stores the periodic interest rate.
5000
Þ$
-5,000.00
Stores the present value of the
policy.
*
Don’t be concerned now about the minus sign in the display. That and other details will be
explained in Section 3.