HP 113394 User Guide - Page 55

Section 3: Basic Financial Functions 55 Keystrokes (ALG mode) 4000} Display -22.73 Calculates final, fractional, 58th deposit required to reach $4,000. Calculating the Periodic and Annual Interest Rates 1. Press fCLEARG to clear the financial registers. 2. Enter the number of payments or periods, using n or gA. 3. Enter at least two of the following values: z Present value, using $. z Payment amount, using P. z Future value, using M. Note: Remember to observe the cash flow sign convention. 4. If a PMT was entered, press g× or g to set the payment mode. 5. Press ¼ to calculate the periodic interest rate. 6. To calculate the annual interest rate in RPN mode, key in the number of periods per year, then press §. To calculate the annual interest rate in ALG mode, press §, key in the number of periods per year, then press }. Example: What annual interest rate must be obtained to accumulate $10,000 in 8 years on an investment of $6,000 with quarterly compounding? Keystrokes (RPN mode) fCLEARG 8\4§w 6000Þ$ 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