HP 113394 User Guide
HP 113394 - 12C Platinum Calculator Manual
 |
UPC - 808736340502
View all HP 113394 manuals
Add to My Manuals
Save this manual to your list of manuals |
HP 113394 manual content summary:
- HP 113394 | User Guide - Page 1
hp 12c platinum financial calculator user's guide H Edition 4 HP part number F2232-90001 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 1 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 2
Notice REGISTER YOUR PRODUCT AT: www.register.hp.com THIS MANUAL AND ANY EXAMPLES CONTAINED HEREIN ARE PROVIDED "AS IS" AND ARE SUBJECT TO CHANGE WITHOUT NOTICE. HEWLETT-PACKARD COMPANY MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MANUAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF - HP 113394 | User Guide - Page 3
Handbook This hp 12c platinum user's guide is intended to help you get the most out of your investment in your hp 12c platinum step solutions to specialized problems in real estate, lending, savings, investment analysis, and bonds. Some of these solutions can be done manually, while others involve - HP 113394 | User Guide - Page 4
warranty and service information. z The Function Key Index and Programming Key Index at the back of the handbook can be used as a handy page reference to the comprehensive information inside the manual. Financial Calculations in the United Kingdom The calculations for most financial problems in the - HP 113394 | User Guide - Page 5
Financial Calculations in the United Kingdom 4 For More Solutions to Financial Problems 4 Part I: Problem Solving 15 Section 1: Getting Started 16 Power On and Off in RPN Mode 35 5 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 5 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 - HP 113394 | User Guide - Page 6
Bond Calculations 82 Bond Price 82 Bond Yield 83 Depreciation Calculations 84 Section 5: Additional Operating Features 86 Continuous Memory 86 The Display 87 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 6 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 7
106 Program Memory 108 Identifying Instructions in Program Lines 108 Displaying Program Lines 109 The 000 Instruction and Program Line 000 112 9: Branching and Looping 125 Simple Branching 125 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 7 of 275 Printed Date: 2005 - HP 113394 | User Guide - Page 8
Instruction in a Program Line 139 Adding Instructions at the End of a Program 140 Adding Instructions within a Program 142 Adding Instructions by Replacement 142 Adding Instructions 209 Solving for Yield 212 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 8 of 275 Printed Date: 2005/8/1 Dimension - HP 113394 | User Guide - Page 9
of Total 242 The Power Function 242 Appendix C: More About L 243 Appendix D: Error Conditions 245 Error 0: Mathematics 245 Error 1: Storage Register Overflow 246 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 9 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 10
Mean 257 Linear Estimation 257 Standard Deviation 257 Factorial 257 The Rent or Buy Decision 258 Appendix F: Battery, Warranty, and Service Information 259 Battery 259 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 10 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 11
260 Verifying Proper Operation (Self-Tests 261 Warranty 263 Service 264 Regulatory Information 265 Temperature Specifications 266 Noise Declaration 266 269 Programming Key Index 272 Subject Index 274 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 11 of 275 Printed Date: 2005/8/1 - HP 113394 | User Guide - Page 12
take a look at how easy financial calculations can be with your hp 12c platinum. While working through the examples below, don't be concerned monthly? This is an example of a compound interest calculation. All such problems involve at least three of the following quantities: z n: the number of - HP 113394 | User Guide - Page 13
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. 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 - HP 113394 | User Guide - Page 14
rate that will enable you to accumulate the required amount? In this problem, we do not need to clear the previous financial data inside the easily with your hp 12c platinum. To begin learning about this powerful financial tool, just turn the page. File name: hp 12c pt_user's - HP 113394 | User Guide - Page 15
Part I Problem Solving File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 15 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 16
and Off To begin using your hp 12c platinum, press the ; key*. Pressing ; again turns the calculator off. If not manually turned off, the calculator will the f key and pressing + or -. The Keyboard Many keys on the hp 12c platinum perform two or even three functions. The primary function of a key - HP 113394 | User Guide - Page 17
a negative number - that is, the number is preceded by a minus sign - pressing Þ removes the minus sign from the display, making the number positive. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 17 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 18
mode) Display 12345gÚgÚ .63\ 123.63 Correcting removes the 4 and 5. gÚ clears the most recent digit entered. 5+ gÚ 128.63 0.00 Clears the calculator line. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 18 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 19
zero. Clearing program memory replaces the instructions there with gi000. There are several clearing operations on the hp 12c platinum, as shown in no pending arithmetic calculations that might interfere with the solution of a new problem. The reason this key is pressed twice is that pressing it the - HP 113394 | User Guide - Page 20
(Algebraic) or RPN (Reverse Polish Notation) mode for your calculations. Throughout the manual, most examples are shown in both modes. The Keystrokes column will indicate RPN mode simply titled "Keystrokes". File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 20 of 275 Printed Date: 2005/8/1 Dimension: - HP 113394 | User Guide - Page 21
mode, any simple arithmetic calculation involves two numbers and an operation - addition, subtraction, multiplication, or division. To do such a calculation on your hp 12c platinum, you first tell the calculator the two numbers, then tell the calculator the operation to be performed. The answer is - HP 113394 | User Guide - Page 22
mode, any simple arithmetic calculation involves two numbers and an operation - addition, subtraction, multiplication, or division. To do such a calculation on your hp 12c platinum, you tell the calculator the first number, then the operation to be performed, and then tell the calculator the second - HP 113394 | User Guide - Page 23
when you are keying them both in, one immediately following the other. The hp 12c platinum is designed so that each time you press a function key in $10.14, what is the new balance? Solution: When written down on paper, this problem would read 58.33 - 22.95 - 13.70 - 10.14 + 1053 Keystrokes (RPN - HP 113394 | User Guide - Page 24
- the paycheck deposited - and adds it to the previous balance. The new, current balance appears in the display. The preceding example demonstrates how the hp 12c platinum calculates just as you would using pencil and paper (except a lot faster!): Let's see this happening in a different type of - HP 113394 | User Guide - Page 25
But with the hp 12c platinum, you don't need to write down the results of an intermediate calculation, and you don't even need to manually store it and with your hp 12c platinum, try the following problems yourself. Although these problems are relatively simple, more complicated problems can be - HP 113394 | User Guide - Page 26
to calculate: 8 (5 − 1) Keying 8 ÷ 5 - 1 will calculate 8 ÷ 5 first and then the result (1.6) will have 1 subtracted from it (resulting in 0.6), which is not what is intended. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 26 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 27
1. Calculates 8 . (5 − 1) Storage Registers Numbers (data) in the hp 12c platinum are stored in memories called "storage registers" or simply "registers." , up to 20 "data storage" registers are available for manual storage of numbers. These data storage registers are designated R0 through - HP 113394 | User Guide - Page 28
the cost of the computer to the display. Multiplies by the quantity ordered to get the cost of the computers. Recalls the cost of the printer to the display. Total invoice. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 28 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 29
and the number in a storage register, then store the result back into the same register without altering the number in the display. The hp 12c platinum enables you to do all this in a single operation: 1. Press ?. 2. Press +, -, §, or z to specify the desired operation. 3. Key in the register - HP 113394 | User Guide - Page 30
only in R . 0 Subtracts the second check. Subtracts the third check. Adds the deposit. Recalls the number in R0 to check the new balance. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 30 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 31
Section 2 Percentage and Calendar Functions Percentage Functions The hp 12c platinum includes three keys for solving percentage problems: b, à, and Z. You don't need to convert percentages to their decimal equivalents; this is done automatically when you press any of these keys. Thus, 4% need not - HP 113394 | User Guide - Page 32
time the initial OO will be shown in these examples. Don't forget to clear the calculator in ALG mode before beginning a new calculation. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 32 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 33
Amount in RPN Mode A net amount - that is, the base amount plus or minus the percentage amount - can be calculated easily with your hp 12c platinum, since the calculator holds the base amount inside after you calculate a percentage amount. To calculate a net amount, simply calculate the percentage - HP 113394 | User Guide - Page 34
entered is the retail cost, the percent difference is called the margin. Examples of markup and margin calculations are included in the hp 12c platinum Solutions Handbook. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 34 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 35
2.36 to find what percentage it is of the number in the display. Europe had nearly 30% of the total sales. In RPN mode, the hp 12c platinum holds the total amount inside after a percent of total is calculated. Therefore, to calculate what percentage another amount is of the total: 1. Clear - HP 113394 | User Guide - Page 36
.69 Keys in 2.36 to find what % it is of the number in the display. Europe had nearly 30% of the total sales. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 36 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 37
percentage it is of the number in the display. Europe had nearly 30% of the total sales. Calendar Functions The calendar functions provided by the hp 12c platinum - gD and gÒ - can handle dates from October 15, 1582 through November 25, 4046. These calendar functions work the same in both RPN and - HP 113394 | User Guide - Page 38
and its colonies until September 14, 1752, when they switched to the Gregorian calendar. Other countries adopted the Gregorian calendar at various times. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 38 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 39
and separates it from the number of days to be entered. The expiration date is 11 September 2004, a Saturday. When gD is executed as an instruction in a running program, the calculator pauses for about 1 second to display the result, then resumes program execution. File name - HP 113394 | User Guide - Page 40
is the actual number of days between the two dates, including leap days (the extra days occurring in leap years), if any. In addition, the hp 12c platinum also calculates the number of days between the two dates on the basis of a 30-day month. This answer is held inside the - HP 113394 | User Guide - Page 41
Section 3 Basic Financial Functions The Financial Registers In addition to the data storage registers discussed on page 27, the hp 12c platinum has five special registers in which numbers are stored for financial calculations. These registers are designated n, i, PV, PMT, and FV. The first five - HP 113394 | User Guide - Page 42
registers are also cleared when you press fCLEARH and when Continuous Memory is reset (as described on page 86). Simple Interest Calculations The hp 12c platinum simultaneously calculates simple interest on both a 360-day basis and a 365-day basis. You can display either one, as described below - HP 113394 | User Guide - Page 43
listing above, except replace the last step with the step below. Keystrokes (ALG mode) Display +~} 455.18 Total amount: principal plus accrued interest. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 43 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 44
monthly, and you subsequently deposited an additional $50 at the end of each month for the next 2 years. The cash flow diagram describing the problem would look like this: File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 44 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 45
Interest Calculations; problems involving unequal payments can be handled as described in under Discounted Cash Flow Analysis: NPV and IRR. Procedures for calculating the balance in a savings account after a series of irregular and/or unequal deposits are included in the hp 12c platinum Solutions - HP 113394 | User Guide - Page 46
payments in advance (Begin) and payments in arrears (End). In the problem illustrated in the cash flow diagram above, payments are made in arrears. Regardless the end of the compounding periods. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 46 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm - HP 113394 | User Guide - Page 47
Compound Interest Calculations later in this section. If your particular problem does not match any of those shown, you can solve forms. Listed below each form are some of the problems to which that diagram applies. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 47 of 275 Printed - HP 113394 | User Guide - Page 48
48 Section 3: Basic Financial Functions File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 48 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 49
rate): that is, the interest rate per year. However, in compound interest problems, the interest rate entered into i must always be expressed in terms of calculate the number of payments or periods. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 49 of 275 Printed Date: 2005/8/1 Dimension: 14.8 - HP 113394 | User Guide - Page 50
integer if the fractional portion of n is less than 0.005. † After calculating n, pressing ¼,$,P, or M will recalculate the value in the corresponding financial register. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 50 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 51
you key is the number of the final payment - either the fractional payment or the balloon payment - whose amount is to be calculated. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 51 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 52
wish to make 327 or 328 equal payments. Refer to "Calculating the Payment Amount" on page 58 for a complete description of this procedure. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 52 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 53
Calculates and stores i. Stores PV (with minus sign for cash paid out). Stores PMT (with minus sign for cash paid out). Stores FV. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 53 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 54
FV, as we did using the second method following Example 1. However, this balance would not include the interest accrued during the 58th month. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 54 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 55
Þ$ 10000M Display 32.00 Calculates and stores n. -6,000.00 Stores PV (with minus sign for cash paid out). 10,000.00 Stores FV. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 55 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 56
observe the cash flow sign convention. 5. If a PMT was entered, press g× or g to set the payment mode. 6. Press $ to calculate the present value. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 56 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 57
RPN mode but replace the last step above with the step below. Keystrokes (ALG mode) Display +1500} 20,698.60 Maximum purchase price. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 57 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 58
.00 -369,494.09 Stores n. Stores i. Stores PMT. Unlike in the previous problem, here PMT is positive since it represents cash received. Stores FV. Sets payment mode to observe the cash flow sign convention. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 58 of 275 Printed Date: 2005/8/1 Dimension: - HP 113394 | User Guide - Page 59
and intend to make semiannual deposits, beginning six months later, from your profit-sharing bonus paychecks. Calculate how much these deposits should be. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 59 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 60
observe the cash flow sign convention. 5. If a PMT was entered, press g× or g to set the payment mode. 6. Press M to calculate the future value. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 60 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 61
of each month) into a new account that pays 6.25% annual interest compounded monthly, how much will you have in the account after 2 years? File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 61 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 62
for a "negative interest rate"). -32,000.00 Stores PV (with minus sign for cash paid out). 28,346.96 Property value after 6 years. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 62 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 63
sometimes referred to as an "odd first period". For simplicity, in using the hp 12c platinum we will always regard the first period as equal to the remaining periods ) and for payments in arrears (End). File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 63 of 275 Printed Date: 2005/8/1 Dimension: - HP 113394 | User Guide - Page 64
financial registers will correspond to the new n, but the original assumptions for the problem will be changed. † The two methods of counting odd days will yield . ‡ ?Æ is not programmable. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 64 of 275 Printed Date: 2005/8/1 Dimension: 14.8 - HP 113394 | User Guide - Page 65
payment. Keystrokes (ALG mode) ?Æ Display Turns on the C indicator in the display, so that compound interest will be used for the odd period. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 65 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 66
beginning of the first period. Actual number of odd days. Divides by the length of a monthly period to get the fractional part of n. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 66 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 67
stores the result in n. Stores PV. Stores PMT (with minus sign for cash paid out). Periodic (monthly) interest rate. Annual percentage rate (APR). File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 67 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 68
calculator operation. You will find another use of Odd-Period mode and ?Æ in Section 16 of this manual, where the C must be set before the two Bond programs will work correctly. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 68 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 69
5.) This rounding affects the number inside the calculator as well as how the number appears in the display. The amounts calculated on your hp 12c platinum may differ from those on the statements of lending institutions by a few cents, since different rounding techniques are sometimes used. To - HP 113394 | User Guide - Page 70
in just before f! is pressed is taken to be the payments following any that have already been amortized. Thus, if you now press 12f!, your hp 12c platinum will calculate the amounts applied to interest and to the principal from the second year's payments (that is, the second 12 months): Keystrokes - HP 113394 | User Guide - Page 71
. -1,093.75 Portion of first payment applied to interest. -286.76 Portion of first payment applied to principal. 249,713.24 Remaining balance. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 71 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 72
Cash Flow Analysis: NPV and IRR The hp 12c platinum provides functions for the two most widely-used methods of discounted cash flow analysis: fl (net present value) and fL (internal rate of return). These functions enable you to analyze financial problems involving cash flows (money paid out or - HP 113394 | User Guide - Page 73
described (and then summarized) below. With this procedure, NPV (and IRR) problems involving up to 80 cash flows (in addition to the initial investment CF0) can after keying in a negative cash flow. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 73 of 275 Printed Date: 2005/8/1 Dimension: - HP 113394 | User Guide - Page 74
. Keystrokes Display fCLEARH 80000ÞgJ 0.00 Clears financial and storage registers. -80,000.00 Stores CF0 (with minus sign for a negative cash flow). File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 74 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 75
. Calculating NPV for Grouped Cash Flows. A maximum of 80 cash flow amounts (in addition to the initial investment CF0) can be stored in the hp 12c platinum.* However, problems involving more than 80 cash flows can be handled if among the cash flows there are equal consecutive cash flows. For such - HP 113394 | User Guide - Page 76
amounts ($10,000 and $9,000) are repeated consecutively, we can minimize the number of storage registers required by using the method just described. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 76 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 77
.50 Stores i. 907.77 NPV. Since NPV is positive, the investment would increase the financial value of the investor's assets by $907.77. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 77 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 78
to the actual IRR. † In the case of multiple answers for IRR, the decision criteria listed on page 72 should be modified accordingly. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 78 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 79
number in the n register is decreased by 1. If this is done, or if you manually change the number in the n register in order to display a single Nj and/or CFj register to its original value. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 79 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x - HP 113394 | User Guide - Page 80
flow amount (that is, j) in the n register. 2. Key the number of times the cash flow amount occurs consecutively into the display. 3. Press ga. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 80 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 81
time we calculated NPV. The IRR calculation replaced the 13.5 we keyed into i before calculating NPV with the result for IRR - 13.72. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 81 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 82
's recommendations as contained in Jan Mayle, TIPS Inc., Standard Securities Calculation Methods, Volume 1, Third Edition, Securities Industry Association Inc., New York, 1993. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 82 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 83
date. Enters maturity (redemption) date. Bond yield. After solving a bond problem, the FV register contains the redemption value plus the annual coupon rate percentage which settlement occurs. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 83 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm - HP 113394 | User Guide - Page 84
4: Additional Financial Functions Depreciation Calculations The hp 12c platinum enables you to calculate depreciation Remaining depreciable value after first year. Depreciation in second year. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 84 of 275 Printed Date: 2005/8/1 Dimension - HP 113394 | User Guide - Page 85
a procedure for depreciation calculations when changing from the declining-balance method to the straight-line method, and a procedure for calculating excess depreciation. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 85 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 86
, or if power is interrupted. You can also manually reset Continuous Memory as follows: 1. Turn the calculator Program memory consists of eight program lines, each containing the instruction g(000. z Display format is set to the standard format File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 86 of 275 Printed - HP 113394 | User Guide - Page 87
\ 5- 19.87 14.87 Keystrokes (ALG mode) Display 19.87456325} 19.87 14.87 Although you see only two decimal places, all calculations in your hp 12c platinum are performed with full 10-digit numbers. When only two decimal places are displayed, numbers are rounded to two decimal places: if the - HP 113394 | User Guide - Page 88
mantissa is simply the first seven digits in the number, and has a single, nonzero digit to the left of the decimal point. The File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 88 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 89
digits of the number inside the calculator. Display returns to its former contents when the X key is released. Returns display to standard format. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 89 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 90
first and second numbers. The first number keyed in is now in the display. The answer is obtained by pressing the operation key. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 90 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 91
unit cost into display again. Cost of a package of 250. Another method for doing arithmetic calculations with constants is described on page 235. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 91 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 92
the display the number that was there before you press z. You see that you keyed it in wrong. 429000\ 987z 429,000.00 Begins the problem over. 434.65 The correct answer. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 92 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 93
Section 6 Statistics Functions Accumulating Statistics The hp 12c platinum can perform one- or two-variable statistical This also clears the stack registers and the display. 93 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 93 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 94
dollar volumes each month. How many hours does the average salesperson work each week? How much does the average salesperson sell each month? File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 94 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 95
entry. Fourth entry. Fifth entry. Sixth entry. Total number of entries in the sample. Mean dollar sales per month ( x ). Mean workweek in hours ( y ). File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 95 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 96
the preceding example: Keystrokes Display gv ~ 4,820.59 6.03 Standard deviation of sales. Standard deviation of hours worked. The formulas used in the hp 12c platinum for calculating sx and sy give best estimates of the population standard deviation based on a sample of the population. Thus - HP 113394 | User Guide - Page 97
2,000,000 and 2,000,001 is 1; the standard deviation returned by the hp 12c platinum is 0 due to the effect of roundoff. This will not value. 2. Press gQ. Example: Using the accumulated statistics from the preceding problem, estimate the amount of sales delivered by a new salesperson working 48 - HP 113394 | User Guide - Page 98
in the projected values caused by an incremental change in the x value. The equation that describes the regression line is: y = 15.55 + 0.001x File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 98 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 99
. A procedure for calculating the standard deviation and standard error (as well as the mean) of weighted or grouped data is included in the hp 12c platinum Solutions Handbook. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 99 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 100
Section 7 Mathematics and Number-Alteration Functions The hp 12c platinum provides several keys for mathematical functions and number of decimal places, then press fB. 100 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 100 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 101
the number previously displayed. Recalls the original number to the display in RPN mode only. The fractional portion of the number previously displayed. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 101 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 102
key) 3. Press } to calculate the power. To Calculate Keystrokes (ALG mode) Display 21.4 2q1.4} 2.64 2-1.4 2q1.4Þ} 0.38 (-2)3 2Þq3} -8.00 3 2 or 21/3 2q3y} 1.26 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 102 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 103
Part II Programming File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 103 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 104
that you wrote down in step 1. Skip the beginning keystrokes that enter data, which would differ each time the program is used. 104 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 104 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 105
that we used above to solve the problem manually. Do not key in 200; this number will vary each time the program is used. Don't be concerned right now about what appears in the display as you press the keys; we'll discuss that later in this section. File name: hp - HP 113394 | User Guide - Page 106
status indicator in the display is not lit), skip this step. 2. Key any required data into the calculator, just as if you were calculating manually. When a program is run, it uses the data already keyed into the display and the registers inside the calculator. 3. Press t to begin program execution - HP 113394 | User Guide - Page 107
discuss how keystrokes are treated by the calculator when they are stored in Program mode and when they are executed in Run mode. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 107 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 108
instruction in program memory is executed - that is, the keystroke in that program line is performed, just as if you were pressing the key manually line 000, since no regular instruction is stored there. Identifying Instructions in Program Lines Each key on the hp 12c platinum keyboard - except for - HP 113394 | User Guide - Page 109
the calculator is currently set. Occasionally you'll want to check several or all of the instructions stored in program memory. The hp 12c platinum enables you to review program instructions either forward or backward through program memory: z Pressing Ê (single step) while the calculator is in - HP 113394 | User Guide - Page 110
memory 30 Program line 001: 2 Program line 002: digit 2. 36 Program line 001. Program line 000. 30 Program line 001. Program line 000. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 110 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 111
memory: Keystrokes Display Ê 008,43, 33,000 Program line 008 As you should now be able to tell from the keycodes displayed, the instruction in program line 008 is gi000. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 111 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 112
Program Memory If no instructions have been keyed into program memory, if Continuous Memory has been reset, or if fCLEARÎ has been pressed (in Program mode), program memory consists of 8 program lines, and there are 20 storage registers available for storage of data. File name: hp 12c pt_user - HP 113394 | User Guide - Page 113
25 in lines 002 and 003 of the program keyed in above - by a : instruction, and then storing the number in the designated storage register before running the program. lines and data storage registers. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 113 of 275 Printed Date: 2005/8/1 Dimension: 14.8 - HP 113394 | User Guide - Page 114
when the Ç key is released the instruction in the program line just displayed is executed and the display then shows the result of executing that line. For example, to execute the program stored in the calculator one line at a time: File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 114 of - HP 113394 | User Guide - Page 115
006: 5 Result of executing program line 006. 40 Program line 007: + Result of executing program line 007 (the last line of the program). File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 115 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 116
mode. In Run mode, however, when the Ü key is released the display again shows the same number as it did before gÜ was pressed: no instruction in program memory is executed. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 116 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 117
the b instruction. Before storing the program in program memory, we'll calculate the required amounts for the first item on the invoice manually. The keystroke which will contain the tax rate.) File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 117 of 275 Printed Date: 2005/8/1 Dimension: 14.8 - HP 113394 | User Guide - Page 118
the calculations manually, since in Run mode the result of every intermediate calculation is displayed automatically; but we'll include gu instructions in the in cost of item. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 118 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 119
to display. TAX. Adds TAX to sum of TAX entries in register R . 2 TOTAL. Adds TOTAL to sum of TOTAL entries in register R3. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 119 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 120
display AMOUNT. 005, 44 40 1 006, 40 007, 45 0 008, 25 009, 43 31 Pauses to display TAX. 010, 44 40 2 011, 36 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 120 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 121
3 allows the algebraic program to run in the same manner as the RPN version. In the instructions below, the \ key is the same as the } key in ALG mode. Now, to item. Sum of AMOUNT column. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 121 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x - HP 113394 | User Guide - Page 122
Example: Replace the program above by one containing t instructions instead of gu instructions. Keystrokes (RPN mode) Display fs Sets calculator to calculator to Program mode. Clears program memory. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 122 of 275 Printed Date: 2005/8/1 Dimension: - HP 113394 | User Guide - Page 123
for first item. Second item. AMOUNT for second item. TAX for second item. TOTAL for second item. Third item. AMOUNT for third item. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 123 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 124
your program has halted at one of several t instructions in your program and you want to determine which t to resume execution. Stopping Program Execution Manually. Pressing any key while a program is press any key. After stopping program execution manually, you can determine at which program line - HP 113394 | User Guide - Page 125
to create loops (as described next); forward branching is typically done in conjunction with a go or gm instruction for conditional branching (as described afterward). 125 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 125 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 126
you can include a go or gm instruction (described below) or an t instruction within the loop. You can also as we would do if we were amortizing a single payment manually. We'll run the program for a $150,000 mortgage . File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 126 of 275 Printed Date - HP 113394 | User Guide - Page 127
of payments to be amortized can be recalled to the display before the f! instruction in line 003 is executed. 0.00 Sets calculator to Run mode. ( the loop. 42 11 Line 003: f!. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 127 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 128
: gu. -189.47 007,43, 33,002 Line 007: gi002. This is the end of the second pass through the loop. -189.47 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 128 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 129
taxes might need to branch to different program lines depending on the tax rate for the particular income level. The hp 12c platinum provides two conditional test instructions that are used in programs for conditional branching: z go tests whether the number in the X-register (represented by the - HP 113394 | User Guide - Page 130
writing the program to show the quantities in each register after each instruction is executed, as in the following diagram (which shows an RPN mode program, although it works in a similar way in ALG mode.). File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 130 of 275 Printed Date: 2005 - HP 113394 | User Guide - Page 131
it will be in the X-register when the :0 instruction in program line 001 is executed. This instruction will place the test value 20,000 in the X-register in X-register and test value in Y-register. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 131 of 275 Printed Date: 2005/8/1 Dimension: - HP 113394 | User Guide - Page 132
ensure that it will be in the X-register when the :0 instruction in program line 002 is executed. This instruction will place the test value 20,000 in the X-register 44 9 Stores income into register R9. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 132 of 275 Printed Date: 2005/8/1 Dimension: 14 - HP 113394 | User Guide - Page 133
branching occurs properly. It's good practice with programs containing conditional test instructions to check that the program branches correctly for all possible conditions: in 0 Line 001: :0. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 133 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm - HP 113394 | User Guide - Page 134
003, 43 Income has been placed in X-register and test value has been placed in Y-register. 34 Line 003 go. 20,000.00 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 134 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 135
income to Y-register. 006,43, 33,008 Line 006: gi008. 25.00 008, 25 Line 008: b. 6,250.00 25% of 25,000 = 6,250. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 135 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 136
income to Y-register. 25 Line 010: b. 0.20 011, Divides tax rate by 100. 36 Line 011: }. 3,000.00 20% of 15,000 = 3,000. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 136 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 137
tax rate by 100. 36 Line 011: }. 4,000.00 20% of 20,000 = 4,000. 012,43,33,000 Line 012: gi000. 4,000.00 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 137 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 138
. 25.00 010, 25 Line 010: b. 0.25 011, Divides tax rate by 100. 36 Line 011: }. 6,250.00 25% of 25,000 = 6,250. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 138 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 139
33,007 Sets calculator to program line preceding that containing the instruction to be changed. :6 005, 45 6 Keys new instruction into program line 005, replacing the :2 instruction previously there. 139 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 139 of 275 Printed Date: 2005 - HP 113394 | User Guide - Page 140
last line you keyed into program memory (that is, the highest numbered line, not necessarily the line most recently keyed in). 3. Key in the new instruction or instructions. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 140 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 141
into program line 012. Keys new instruction into program line 013. Keys new instruction into program line 014. Keys new instruction into program line 015. Sets calculator back to Run mode. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 141 of 275 Printed Date: 2005/8/1 Dimension - HP 113394 | User Guide - Page 142
last program line to be executed before the added instruction(s). This sets the calculator to the proper program line for adding the new instruction(s) in the next step. 3. Key in the new instruction or instructions. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 142 of 275 Printed - HP 113394 | User Guide - Page 143
011, 012, Sets calculator to Program mode. 36 Sets calculator to last line keyed into program memory for original program. 31 Keys new instruction into program line 012. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 143 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 144
converts a data storage register into seven additional lines of program memory (if there was not already a gi000 instruction remaining at the end of program memory), and it File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 144 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 145
instruction(s) are being added. This i instruction following instructions between lines 000 instructions between (and including) the first line to be executed after the added instructions add the new instructions by branching than to new instructions are that the gi000 instruction keyed in next - HP 113394 | User Guide - Page 146
instructions. Keys in instruction immediately following point at which new instructions are being added. (This instruction was replaced in line 001 by gi012 instruction calculator to program line immediately preceding point at which new instructions are being added. (In this particular example, this - HP 113394 | User Guide - Page 147
program. Sets calculator to last line of program so that the gi000 instruction keyed in next will be stored as the last line of the current program. Ends the and less than $20,000. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 147 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 148
148 Section 10: Program Editing The following illustration of the edited RPN program shows how program execution branches to the instructions added at the end of program memory, then branches back. While the actual program in ALG mode is different, the illustration does indicate the method - HP 113394 | User Guide - Page 149
. If the program ends with a loop, you should skip steps 5 and 6 since the instructions in those steps would serve no purpose and never be executed. 5. Press t. This halts program is run again. 149 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 149 of 275 Printed Date: 2005/8/1 Dimension: 14.8 - HP 113394 | User Guide - Page 150
is the second program to be stored in program memory, we'll ensure that a i000 instruction separates it from the first program by doing step 3 in the procedure above. Furthermore, first by i000. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 150 of 275 Printed Date: 2005/8/1 Dimension: 14.8 - HP 113394 | User Guide - Page 151
, we'll specify that line number with the i instruction in line 041. Keystrokes (RPN mode) Display fs Sets calculator to Program mode. gi.027 027,43, 33,019 Sets calculator to last line keyed into program memory. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 151 of 275 Printed - HP 113394 | User Guide - Page 152
memory. 034, 44 0 035, 45 0 036, 42 11 037, 43 31 Keys in program 038, 34 039, 43 31 040,43, 33,035 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 152 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 153
,000.00 473.75 Sets calculator to Program mode. Sets calculator to first line of program to be executed. Net cost of typewriter. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 153 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 154
- HP 113394 | User Guide - Page 155
Part III Solutions File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 155 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 156
the fee (percentage) rate, press b-; key in the fee amount (flat charge); press -$. * Positive for cash received; negative for cash paid out. 156 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 156 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 157
.46 Monthly payment (calculated). Actual amount received 156,800.00 by borrower (into PV). 0.47 % monthly interest rate (calculated). 5.68 Annual percentage rate. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 157 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 158
.46 156,050.00 Months (into n) Percent monthly interest rate (into i). Loan amount (into PV). Monthly payment (calculated). Effective mortgage amount (into PV). File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 158 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 159
(RPN mode) f] g fCLEARG 72n Keystrokes (ALG mode) f[ g fCLEARG 72n Display 72.00 Months (into n). * Positive for cash received; negative for cash paid out. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 159 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 160
monthly interest rate (into i). $ $ -158,361.78 Purchase price to achieve the desired yield (calculated). * Note that the payments are positive because this problem is in seen from the viewpoint of the lender who will be receiving payments. The negative PV indicates money that was lent out - HP 113394 | User Guide - Page 161
n). Monthly interest rate (into i). Mortgage amount (into PV; negative to indicate money paid out). * Positive for cash received; negative for cash paid out. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 161 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 162
Þ$ 300000Þ$ -300,000.00 P P 2,096.57 Input the number of periods (into n). Monthly interest rate (into PV). Mortgage amount (into PV). Payment (calculated). File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 162 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 163
), is the pre-tax proceeds. The program assumes that the buyer reinvests in like property and is not subject to capital gains tax. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 163 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 164
, 45 0 1 020, 1§ 020, 20 2 021, 21 021, 1 * FV is repeated in the program twice to ensure that it is computed and not stored. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 164 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 165
, 14 :7 041, 45 7 :.1 041,45 48 1 b 042, 25 - 042, 30 - 043, 30 :7 043, 45 7 :$ 044, 45 13 b 044, 25 - 045, 30 - 045, 30 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 165 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 166
PMT: Used R0: Period R4: Taxes/Mo R8: Rent R1: Dwn Pmt R5: Improve./mo R9: Savings i R2: Life R6: Closing C. R.0: Tax Bracket File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 166 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 167
tax considerations for each individual, this program should only serve as a guide in considering an investment of this type. For more specific, detailed information taken into account in this calculation. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 167 of 275 Printed Date: 2005/8/1 Dimension: - HP 113394 | User Guide - Page 168
. 30.00 Clear financial registers. 4.00 Years in investment. 5.00 Yearly appreciation rate. 270,000.00 House price. 53,095.65 NCPR (calculated). File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 168 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 169
similar, except that rental payments are decreased periodically according to the lease contract. Lease payments are made at the beginning of the period. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 169 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 170
. Second through sixth cash flows. Next twelve cash flows. Last six cash flows. Monthly interest rate. Amount to invest to achieve a 13.5% yield. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 170 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 171
the amounts of depreciation in the first and last years are computed as fractions of a full year's depreciation. Straight-Line Depreciation The following hp 12c platinum program calculates the straight-line depreciation for the year desired with the acquisition date occurring at any time during the - HP 113394 | User Guide - Page 172
0 027, 43 35 028,43, 33, 038 029, 45 2 030, 43 31 031, 45 0 032, 42 23 033, 31 034, 1 035,44 40 0 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 172 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 173
in the book value then press $. 4. Key in the salvage value then press M. 5. Key in the life in years (an integer) then press n. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 173 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 174
is the total depreciation after 3 years? * The display will pause showing the year number before showing the amount of depreciation for that year. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 174 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 175
5,000.00 3,333.33 Twenty-fifth year: depreciation, remaining depreciable value. 26.00 3,333.33 0.00 Twenty-sixth year: depreciation, remaining depreciable value. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 175 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 176
6730$ 5n 1³ 4.5t Display 6,730.00 5.00 1.00 1.00 504.75 Book value. Life. First year: depreciation. Declining-Balance Depreciation The following hp 12c platinum program calculates the declining-balance depreciation for the year desired with the acquisition date occurring at any time during the - HP 113394 | User Guide - Page 177
,43,33, 022 1 031, 45 2 ?+0 032, 43 31 ?+2 033, 45 13 gi025 030, 1 031,44 40 0 032,44 40 2 033,43,33, 025 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 177 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 178
value then press M. 5. Key in the declining-balance factor as a percentage then press ¼. 6. Key in the life in years (an integer) then press n. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 178 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 179
000.00 150.00 6.00 2.00 2.00 Book value. Salvage value. Declining-balance factor. Life. Year desired. Second year: * Refer to straight-line depreciation instruction note, page 174. † The display will pause showing the year number before showing the amount of depreciation for that year. File name - HP 113394 | User Guide - Page 180
13: Investment Analysis Keystrokes (RPN mode) Keystrokes (ALG mode) Display 11,458.33 depreciation. Sum-of-the-Years-Digits Depreciation The following hp 12c platinum program calculates the sum-of-the-years-digits depreciation for the year desired with the acquisition date occurring at any time - HP 113394 | User Guide - Page 181
:M 038, 45 15 :2 038, 45 2 - 039, 30 gu 039, 43 31 :3 040, 45 3 :$ 040, 45 13 gi030 041,43,33, 030 - 041, 30 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 181 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 182
in the book value then press $. 4. Key in the salvage value then press M. 5. Key in the life in years (an integer) then press n. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 182 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 183
f[ fCLEARG 12000$ 500M 25n 4³ Display 12,000.00 500.00 25.00 4.00 Book value. Salvage value. Life. Year desired. * Refer to straight-line depreciation instruction note, page 174. † The display will pause showing the year number before showing the amount of depreciation for that year. File name - HP 113394 | User Guide - Page 184
depreciation it is often advantageous for tax purposes to switch from declining balance to straight-line depreciation at some point. This hp 12c platinum program calculates the optimum crossover point and automatically switches to straight-line depreciation at the appropriate time. The crossover - HP 113394 | User Guide - Page 185
- 027, 30 :1 027, 45 1 ~ 028, 34 :$ 028, 45 13 :0 029, 45 0 - 029, 30 1 030, 1 :M 030, 45 15 go 031, 43 34 ³ 031, 36 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 185 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 186
:M 051, 45 15 gi065 052,43,33, 065 z 052, 10 d 0 :0 053, 054, 055, 33 :4 0³ 45 0 go 053, 054, 055, 45 4 36 43 34 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 186 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 187
?-2 075,44 30 2 ?+1 076,44 40 1 ?=0 076,44 40 0 1 077, 1 :5 077, 45 5 ?-0 078,44 30 0 ?-1 078,44 30 1 ?+2 079,44 40 2 :3 079, 45 3 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 187 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 188
, 096, 45 2 43 31 33 31 :6 gm 097, 098, 45 6 43 35 gi079 099,43,33, 079 gi063 fs 100,43,33, 063 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 188 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 189
straight-line depreciation note page 174. † The display will pause with the year number before displaying the amount of depreciation for that year. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 189 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 190
through the seventh year. Eight year: depreciation Ninth year: depreciation. * By observation the crossover was year 6. Years 7, 8, and 9 use straight-line depreciation. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 190 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 191
gÙ 8,531.25 ³ 898.31 Total depreciation through seventh year. Depreciable amount. Yearly straight-line depreciation. Total straight-line depreciation. Excess depreciation File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 191 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 192
the traditional IRR technique. The procedure eliminates the sign change problem and the reinvestment (or discounting) assumption by utilizing user stipulated n, PV, and FV, solve for i. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 192 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x - HP 113394 | User Guide - Page 193
cash J0gK5g J0gK5g flows. a100000Þ a100000Þ gK5ga6 gK5ga gCfl 6gCfl -660,454.55 20n¼ 12§ 20n¼ §12³ 0.81 9.70 Monthly MIRR Annual MIRR. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 193 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 194
, 45 11 20 45 12 25 36 16 43 22 20 45 15 36 44 4 45 11 43 21 20 45 14 25 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 194 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 195
, 16 :3 035, 45 3 g> 036, 43 22 } 036, 36 ~ 037, 34 ?3 037, 44 3 3 038, 3 g¡ 038, 43 20 . 039, 48 z 039, 10 0 040, 02 040, 2 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 195 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 196
2 8 058, 8§ 058, 20 7 059, 7 ~ 059, 34 + 060, 40 } 060, 36 § 061, 20 1 061, 1 . 062, 48 8 062, 8 2 063, 27 063, 7 b 064, 25 § 064, 20 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 196 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 197
O 085, 35 ~ 085, 34 ?5 086, 44 5 go 086, 43 34 ~ 087, 34 g(093 087,43, 33, 093 g(028 088,43,33, 028 1 088, 1 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 197 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 198
5 ~ 104, 34 g(037 105,43, 33, 037 ~ 106, 34 :$ 107, 45 13 ?-4 108,44 30 4 § 109, 20 :3 110, 45 3 - 111, 30 :6 112, 45 6 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 198 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 199
PMT=0 case can be simulated by using a PMT arbitrarily close to 0. Program Instructions 1. Key in the program. 2. Enter the five inputs into the five financial Press ~ to see the Put value. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 199 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm - HP 113394 | User Guide - Page 200
rate %. Monthly volatility %. The next example is Example 12.7 from Options, Futures, and Other Derivatives (5th Edition) by John C. Hull (Prentice Hall, 2002). File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 200 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 201
40.00 4.76 0.81 Time to expiry (years). Interest rate (% per year). Stock price. Volatility (% per year). Strike price. Call value. Put value. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 201 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 202
then press ¼. 5. Press 1ÞP$+:0³. 6. Key in the initial loan amount then press z~³, to obtain the periodic payment to be received by the lessor. 202 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 202 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 203
of periodic payments. Monthly payment to be received. If solving for the payment amount will be done repetitively, key in the following hp 12c platinum program. KEYSTROKES (RPN mode) DISPLAY KEYSTROKES (ALG mode) DISPLAY fs fs fCLEARΠg fCLEARG :0 :1 n :2 000, 001, 002, 003, 004, 005, 006 - HP 113394 | User Guide - Page 204
lessor. 6. For a new case, return to step 2. The values changed from the previous case are the only values which need to be entered. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 204 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 205
(ALG mode) 1?1t Display 66.86 Monthly payment to be received. Since this problem is an annuity due situation (one payment at the beginning of the period) the into i). Monthly payment to be received. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 205 of 275 Printed Date: 2005/8/1 Dimension: 14.8 - HP 113394 | User Guide - Page 206
mode) f[ g fCLEARG 60-3 ?0n 600P 25000Þ: 0:P§ +$ 600P :0§: P+25000 Þ$ Display 3. 57.00 600.00 Number of periodic payments. Monthly payment. PV. -23,200.00 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 206 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 207
12§ §12³ 17.33 Monthly yield (calculated). Annual yield (as a percentage). If solving for yield will be done repetitively, key in the following hp 12c platinum program: KEYSTROKES (RPN mode) DISPLAY KEYSTROKES (ALG mode) DISPLAY fs fs fCLEARÎ 000, fCLEARÎ 000, g 001, 43 8 g 001, 43 - HP 113394 | User Guide - Page 208
.48 Number of payments. Number of advance payments. Periodic payment. Annual yield (as a percentage). Annual yield (as a percentage) when PMT is increased $25. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 208 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 209
40 45 2 36 0 M :n :4 - 013, 014, 015, 016, 017, 0 ?5 15 0 45 11 M 45 4 :n 30 - 013, 014, 015, 016, 017, 44 5 0 15 45 11 30 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 209 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 210
?3. 6. Key in the total number of payments made in advance then press ?4. Then press t to obtain the payment amount received by the lessor. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 210 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 211
mode) Display 18\12z ?1t 18z12³ ?1t 487.29 1.50 520.81 From previous example. Monthly interest rate. Monthly payment received by lessor. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 211 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 212
amount of cash advanced. Thirty-four cash flows of $145.00. Thirty-fifth cash flow. Thirty-sixth cash flow. Annual yield to lessor. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 212 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 213
\ 4nz¼ Keystrokes (ALG mode) f[ g fCLEARG 5.25z 4¼ Display 5.25 1.31 ÞPM ÞP4nM 5.35 Nominal rate. Percent quarterly interest rate. Percent effective interest rate. 213 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 213 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 214
214 Section 15: Savings For repeated calculations, the following hp 12c platinum program can be used: KEYSTROKES (RPN mode) fs DISPLAY KEYSTROKES R0-R.9: Unused PMT: Used. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 214 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 215
annual nominal rate. ALG Mode: 4. Press +. Key in the effective annual rate as a percentage then press ³ÞM¼. 5. Press §:n³ to obtain the annual nominal rate. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 215 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 216
from a 5.25% passbook rate with continuous compounding? Keystrokes (RPN mode) f] 1\5.25b g> à Keystrokes (ALG mode) f[ 1³5.25b g> à Display 0.05 1.05 5.39 Effective rate. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 216 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 217
5 M 009, 15 M 009, 15 :3 010, 45 3 :3 010, 45 3 :4 011, 45 4 :4 011, 45 4 gÒ 012, 43 26 gÒ 012, 43 26 d 013, 33 d 013, 33 217 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 217 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 218
~ 034, 34 :6 034, 45 6 Þ 035, 16 ~ 035, 34 :6 036, 45 6 Þ 036, 16 - 037, 30 - 037, 30 g(000 038,43,33, 000 :6 038, 45 6 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 218 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 219
)* then press ?4. 6. Key in the redemption value as a percentage of par then press ?5. * For information about date format see pages 37 to 38. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 219 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 220
want a yield of 4.75%? What price should you pay for a yield of 4.5%? This problem assumes a redemption value of 100. Keystrokes (RPN mode) f] ?Æ Keystrokes (ALG mode) f[ (calculated). New yield into R0. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 220 of 275 Printed Date: 2005/8/1 Dimension: - HP 113394 | User Guide - Page 221
?1t 0?0 105?1t 104.74 0.00 4.05 104?1t 104?1t 4.33 From previous example. Yield at 105% (calculated). Yield at 104% (calculated). File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 221 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 222
222 Section 16: Bonds Annual Coupon Bonds For bonds which have annual coupons, use the following hp 12c platinum program to evaluate price and accrued interest on an Actual/Actual day basis. This program may be modified for annual coupon bonds to - HP 113394 | User Guide - Page 223
, 16 :2 033, 45 2 § 034, 20 Þ 034, 16 t 035, 31 + 035, 40 - 036, 30 t 036, 31 fs ~ 037, 34 ³ 038, 36 Þ 039, 16 fs File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 223 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 224
coupons. Annual yield. Annual coupon rate. * Positive for cash received; negative for cash paid out. † For information about date format see page 37. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 224 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 225
8.152004?4 8.152004?4 8.15 12.012004?5 12.012004?5 12.01 t t -4.58 t t -94.75 Redemption value. Settlement date. Next coupon date. Accrued interest. Purchase price. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 225 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 226
- HP 113394 | User Guide - Page 227
Appendices File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 227 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 228
the Stack In RPN mode, four special registers in the hp 12c platinum are used for storing numbers during calculations. To if you wrote the calculation vertically on paper: 228 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 228 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 - HP 113394 | User Guide - Page 229
this appendix, we'll take a more detailed look at how numbers are entered into and rearranged within the stack, and the effect of the various hp 12c platinum functions on the numbers in the stack. Getting Numbers Into the Stack: The Key As discussed in earlier sections, if two numbers are - HP 113394 | User Guide - Page 230
original registers. * Note also that although the stack lifts when \ is pressed, it does not lift when a number is entered after \ is pressed. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 230 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 231
of the four arithmetic calculations shown below, you would put the 8 in the Y-register (using \ and then key the 2 into the displayed X-register.) File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 231 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 232
the LAST X register, but the stack does not drop. The numbers in the Y-, Z-, and T-registers are not changed when a percentage function is performed. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 232 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 233
# T y (settlement date) z y Z x (maturity date) y (settlement date) x (number of year) Y INT x (maturity date) RDV (remaining depreciable value) X PRICE YTM DEP File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 233 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 234
stack lift and stack drop make chain calculations quick and error-free. * Except for \, O, _, ^. For more information, refer to Stack Lift, page 230. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 234 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 235
then work outward - just as you would if you were doing the calculation manually (that is, using pencil and paper). For example, consider the calculation of 00 Enters constant into Y, Z, and T-registers. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 235 of 275 Printed Date: 2005/8/1 Dimension - HP 113394 | User Guide - Page 236
a package of 250. * You may want to compare this method of arithmetic calculations with constants to the method using F described on page 91. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 236 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 237
is included at the appropriate places throughout this manual, it is collected here for easy reference that might interfere with the solution of a new problem. The reason this key is pressed twice is that to subtract. 237 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 237 of 275 Printed - HP 113394 | User Guide - Page 238
× 68 18.5 1.9 This calculation can be written as: 456 - 75 ÷ 18.5 × 68 ÷ 1.9. Watch what happens in the display as you key it in: File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 238 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 239
register, as it persists unchanged at least until digit entry or gF. There is an example of its use in the Combinations program in the hp 12c platinum Solutions Handbook. The History Stack in ALG Mode In ALG mode, the stack holds a "history" of 4 completed results. These results may be rearranged - HP 113394 | User Guide - Page 240
Keystrokes (ALG mode) Display OO 0.00 Clears any pending operations. 8zgØ5- 5.00 No calculation is done. 1gÙ ³ 4.00 2.00 Calculates 5 − 1. Calculates 8 . (5 − 1) File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 240 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 241
base number and separates it from the other number. 31.25 à 31.25 -11.97 Keys in the other number. Nearly a 12% decrease. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 241 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 242
if there are any pending operations. To Calculate Keystrokes (ALG mode) Display 21.4 2q1.4} 2.64 2-1.4 2q1.4Þ} 0.38 (-2)3 2Þq3} -8.00 3 2 or 21/3 2q3y} 1.26 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 242 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 243
, and what that answer is. For the vast majority of cases, your hp 12c platinum will find the unique IRR answer if it exists. But the exist. Let's look at all of the possible outcomes of IRR as calculated by your hp 12c platinum: Case 1: A positive answer. If a positive answer is displayed, it is - HP 113394 | User Guide - Page 244
l key. If you stop the IRR iterative process, you can test the interest obtained using l, and then restart the process by pressing :gt. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 244 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 245
Operation Condition z x = 0 y x = 0 r x < 0 ° x ≤ 0 q y = 0 and x ≤ 0 à Z ?z(0 through 4) e y < 0 and x is noninteger. y = 0 y = 0 x = 0 x is noninteger x < 0 245 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 245 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 - HP 113394 | User Guide - Page 246
. z Attempting to i to a program line that does not exist. z Attempting storage register arithmetic in R5 through R9 or R.0 through R.9. z Too many open parentheses. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 246 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 247
all have same sign. $ i ≤ -100 P n = 0 i ≤ -100 M i ≤ -100 ! x ≤ 0 x is noninteger. l i ≤ -100 V Ý # n ≤ 0 n > 1010 x ≤ 0 x is noninteger E PMT < 0 S PMT < 0 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 247 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 248
has been converted to program lines. l n > 80 L n < 0 n is noninteger a x > 99 x < 0 x is noninteger Attempted to input Nj for CF0 Error 7: IRR Refer to Appendix C. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 248 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 249
coupon date (6 months earlier).* Error 9: Service Refer to Appendix F. Pr Error z Continuous no corresponding coupon date 6 months earlier. To correct this problem for all maturity dates except August 29 and 30, add File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 249 of 275 Printed Date - HP 113394 | User Guide - Page 250
corresponds to End, 1 to Begin. = interest amount. = integer portion of n. = fractional portion of n. Simple Interest I360 = n 360 × PV ×i I365 = n 365 × PV ×i 250 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 250 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 251
i|RND × (sign of PMT) for j > 1. = PMT - INTj = PVj -1 + PRNj n ∑ INT = ∑ INTj = INT1 + INT2 + ... + INTn j=1 n ∑ PRN = ∑ PRNj = PRN1 + PRN2 + ... + PRNn j=1 PVn = PV0 + ∑ PRN File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 251 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 252
) if dd2 = 31 and dd1 = 30 or 31 then z = 30 if dd2 = 31 and dd1 < 30 then z = dd2 if dd2 < 31 then z = dd2 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 252 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 253
⎥ PRICE = ⎢ ⎢ ⎢ ⎢⎣ ⎜⎛1+ ⎝ RDV YIELD 200 ⎟⎞ ⎠ N −1+ DSC E ⎡ ⎤ ⎢ CPN ⎥ + ⎢N ⎢∑ ⎢K ⎢ =1⎜⎛1+ ⎢⎣ ⎝ 2 YIELD 200 ⎟⎞K ⎠ −1+ DSC E − ⎡CPN ⎢⎣ 2 × DCS ⎤ E ⎥⎦ File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 253 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm - HP 113394 | User Guide - Page 254
of period j = RDVj-1 - DPNj where RDV0 = SBV - SAL = remaining book value = RBVj-1 - DPNj where RBV0 = SBV = number of months in partial first year. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 254 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 255
⎠ Declining-Balance Depreciation Keyboard function: DPNj = RBVj − 1 ⋅ FACT 100L for j = 1, 2, ..., L Program for partial first year: DPN1 = SBV ⋅ FACT 100L ⋅ Y1 12 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 255 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 256
annual interest rate as a decimal. = the nominal annual interest rate as a decimal. Finite Compounding EFF = ⎜⎛1+ NOM ⎟⎞C − 1 ⎝ C⎠ Continuous Compounding EFF = (eNOM − 1) File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 256 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 257
2 ⎢⎣ − (∑ y )2 n Standard Deviation sx = n∑ x 2 − (∑ x )2 n(n − 1) sy = n∑ y 2 − (∑ y )2 n(n − 1) Factorial 0! = 1 For n > 1 where n is an integer: n n!= ∏i i =1 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 257 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 258
= down payment + closing costs PMT = mortgage payment + taxes + maintenance - rent - (% tax) (interest + taxes) FV = net cash proceeds on resale Annual interest rate = 12 × i File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 258 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 259
Appendix F Battery, Warranty, and Service Information Battery The hp 12c platinum is shipped with one 3 Volt CR2032 type recommended by the manufacturer. Dispose of used batteries according to the manufacturer's instructions. Do not mutilate, puncture, or dispose of batteries in fire. The batteries - HP 113394 | User Guide - Page 260
260 Appendix F: Battery, Warranty, and Service Information Installing a New Battery The contents of the calculator's Continuous Error. Pressing any key will clear this message. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 260 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 261
install a fresh battery. If there is still no response, the calculator requires service. For a calculator that does respond to keystrokes: 1. With the calculator off end of this test include some that normally are not displayed on the hp 12c platinum. † If the calculator displays Error 9 as a result - HP 113394 | User Guide - Page 262
to be used in verifying that it. is operating properly during manufacturing and service. If you had suspected that the calculator was not working properly but the cleared by pressing any key. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 262 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm - HP 113394 | User Guide - Page 263
Service Information 263 Warranty hp 12c platinum Financial Calculator; Warranty period: 12 months 1. HP warrants to you, the end-user customer, that HP either new or like-new. 2. HP warrants to you that HP software will not fail to execute its programming instructions after the date of purchase, for - HP 113394 | User Guide - Page 264
may not apply to you. 8. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical and editorial errors or - HP 113394 | User Guide - Page 265
800-011-0524 N.America Country : Telephone numbers USA Canada 1800-HP INVENT (905)206-4663 or 800-HP INVENT ROTC = Rest of the country Please logon to http://www.hp.com for the latest service and support information. Regulatory Information This section contains information that shows how the - HP 113394 | User Guide - Page 266
you can drop off your waste equipment for recycling, please contact your local city office, your household waste disposal service or the shop where you purchased the product. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 266 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 267
ascertain the usual practice in the United Kingdom for the financial problem you are solving. The remainder of this appendix describes three types would have to round your calculations accordingly. 267 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 267 of 275 Printed Date: 2005/8/1 Dimension - HP 113394 | User Guide - Page 268
., may be encountered. Application Notes covering such situations may be available in the United Kingdom; check with your local authorized Hewlett-Packard dealer. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 268 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 269
X-register and displays day of week (page 38). Ò Computes the number of days between two dates in the Y and X-registers (page 40). 269 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 269 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 270
initializes n to zero, sets N0 to 1. Used at the beginning of a discounted cash flow problem (page 73). K Cash flow j. Stores the contents of X-register in Rj , increments n R1 through R6 (page 94). File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 270 of 275 Printed Date: 2005/8/1 Dimension: 14 - HP 113394 | User Guide - Page 271
for viewing in displayed X-register (page 230). F Recalls number displayed before the previous operation back into the displayed X-register (pages 91 and 234). File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 271 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 272
: CLEARÎ Resets calculator (in Run mode) so operations begin at line 000 of program memory. Does not erase program memory. Executed as a recorded program instruction 272 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 272 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 273
and a three-digit number, positions calculator to that line in program memory. No instructions are executed (page 114) Ç Single step. Displays line number and contents of (page 129) program (page 124) File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 273 of 275 Printed Date: 2005/8/1 Dimension: 14 - HP 113394 | User Guide - Page 274
82 Bonds, municipal, 82 Bonds, U.S. Treasury, 82 Branching, 125-38, 144 Branching, adding instructions by, 144-48 Branching, conditional, 129-30 Branching, simple, 125 C , 74, 76 , Compound growth, 47, 49 274 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 274 of 275 Printed Date: - HP 113394 | User Guide - Page 275
, 44, 49 Conditional branching, 129-30 Conditional test instructions, 129 Constants, arithmetic calculations with, 235 Constants, arithmetic , 17, 21, 108, 114, 125, 130, File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 275 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 276
230 , 13, 72, 73, 78, 243 , 101, 231 Indicators, status, 87 Instructions in program lines, 108 Interest rate, annual, 55 Interest rate, periodic, 55 Interest, simple 82, 230 , 117, 118 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 276 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm - HP 113394 | User Guide - Page 277
programs, 149 Straight-line depreciation, 171 Sum-of-the-years-digits depreciation, 180 T Two-variable statistics, 93 U , 20 Underflow, 90 W Weighted mean, 99 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 277 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm - HP 113394 | User Guide - Page 278
278 Subject Index X , 40, 42, 69, 82, 90, 94, 96, 125, 129, 230 , 100, 231 , 94, 230 , 97, 230 , 99, 125, 129 Y , 13, 82, 83 , 97, 230 , 102, 231 , 230 Yield, 206, 212 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 278 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm
-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
-
213
-
214
-
215
-
216
-
217
-
218
-
219
-
220
-
221
-
222
-
223
-
224
-
225
-
226
-
227
-
228
-
229
-
230
-
231
-
232
-
233
-
234
-
235
-
236
-
237
-
238
-
239
-
240
-
241
-
242
-
243
-
244
-
245
-
246
-
247
-
248
-
249
-
250
-
251
-
252
-
253
-
254
-
255
-
256
-
257
-
258
-
259
-
260
-
261
-
262
-
263
-
264
-
265
-
266
-
267
-
268
-
269
-
270
-
271
-
272
-
273
-
274
-
275
-
276
-
277
-
278
 |
 |
File name: hp 12c pt_user's guide_English_HDPMF123E27
Page: 1 of 275
Printed Date: 2005/8/1
Dimension: 14.8 cm x 21 cm
hp
12c platinum financial calculator
user's guide
H
Edition 4
HP part number
F2232-90001