HP 12C#ABA hp 12c_solutions handbook_English_E.pdf - Page 45
Compounding Periods Different From Payment Periods - financial calculator
UPC - 492410746430
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10. For a new case press and go to step 2. Example: Compute the amount remaining in this 5.25% account after the following transactions: 1. January 19, 1981 deposit $125.00 2. February 24, 1981 deposit $60.00 3. March 16, 1981 deposit $70.00 4. April 6, 1981 withdraw $50.00 5. June 1, 1981 deposit $175.00 6. July 6, 1981 withdraw $100.00 Keystrokes Display CLEAR 1.191981 5.25 125.00 Initial Deposit. 125 2.241981 60 3.161981 70 4.061981 50 6.0111981 175 7.061981 100 3 185.65 256.18 206.95 383.62 285.56 5.56 Balance in account, February 24, 1981. Balance in account, March 16, 1981. Balance in account, April 6 1981. Balance in account, June 1, 1981. Balance in account, July 6, 1981. Total interest. Compounding Periods Different From Payment Periods In financial calculations involving a series of payments equally spaced in time with periodic compounding, both periods of time are normally equal and coincident. This assumption is preprogrammed into the HP 12C. 44