HP HP12C hp 12c_user's guide_English_E_HDPMBF12E44.pdf - Page 46

46 Section 3: Basic Financial Functions Keystrokes fCLEARG 5n 12¼ 17500P 540000M g $ Display 5.00 12.00 17,500.00 540,000.00 540,000.00 -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 End. The maximum purchase price to provide a 12% annual yield. PV is displayed with a minus sign since it represents cash paid out. Calculating the Payment Amount 1. Press fCLEARG to clear the financial registers. 2. Enter the number of payments or periods, using n or A. 3. Enter the periodic interest rate, using ¼ or C. 4. Enter either or both of the following: z Present value, using $. z Future value, using M. Note: Remember to observe the cash flow sign convention. 5. Press g× or g to set the payment mode. 6. Press P to calculate the payment amount. Example 1: Calculate the payment amount on a 29-year, $43,400 mortgage at 141/4% annual interest. File name: hp 12c_user's guide_English_HDPMBF12E44 Printered Date: 2005/7/29 Page: 46 of 209 Dimension: 14.8 cm x 21 cm