HP HP12C hp 12c_user's guide_English_E_HDPMBF12E44.pdf - Page 47

Section 3: Basic Financial Functions 47 Keystrokes fCLEARG 29gA 14.25gC 43400$ g P Display 348.00 1.19 43,400.00 43,400.00 -523.99 Calculates and stores n. Calculates and stores i. Stores PV. Sets payment mode to End. Monthly payment (with minus sign for cash paid out). Example 2: Looking forward to retirement, you wish to accumulate $60,000 after 15 years by making deposits in an account that pays 93/4% interest compounded semiannually. You open the account with a deposit of $3,200 and intend to make semiannual deposits, beginning six months later, from your profit-sharing bonus paychecks. Calculate how much these deposits should be. Keystrokes fCLEARG 15\2µw 9.75\2z¼ 3200Þ$ 60000M g P Display 30.00 Calculates and stores n. 4.88 Calculates and stores i. -3200.00 Stores PV (with minus sign for cash paid out). 60,000.00 Stores FV. 60,000.00 Sets payment mode to End. -717.44 Semiannual payment (with minus sign for cash paid out). File name: hp 12c_user's guide_English_HDPMBF12E44 Printered Date: 2005/7/29 Page: 47 of 209 Dimension: 14.8 cm x 21 cm