Calculating The Periodic And Annual Interest Rates - HP 0012C-90001 User Manual

12c financial calculator
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Keystrokes
Keystrokes
Keystrokes
Keystrokes
MM
:P
+
4000-

Calculating the Periodic and Annual Interest Rates

Calculating the Periodic and Annual Interest Rates
Calculating the Periodic and Annual Interest Rates
Calculating the Periodic and Annual Interest Rates
1. Press fCLEARG to clear the financial registers.
2. Enter the number of payments or periods, using w or A.
3. Enter at least two of the following values:
Present value, using $.
Payment amount, using P.
Future value, using M.
PMT
was entered, press g× or g to set the payment mode.
4. If a
5. Press ¼ to calculate the periodic interest rate.
6. To calculate the annual interest rate, key in the number of periods per year,
then press
.
*
In this example, M must be pressed twice, since the preceding key pressed was z. If we
had stored the number of deposits in
press M only once here, since the preceding key pressed would have been w (as it was
following Example 1). Remember that it is not necessary to store the number of payments in
before calculating the amount of the final,
footnote.)
You might think that we could calculate the balance in the account after 57
made simply by storing that number in
method following Example 1. However, this balance would
during the 58th month.
Section 3: Basic Fin
Section 3:
Basic Financial Functions
Section 3:
Section 3:
Basic Fin
Basic Fin
Display
Display
Display
Display
4,027.27
Calculates
balance in the account if 58 full
deposits were made.
–50.00
Recalls amount of deposits.
3,977.27
Calculates the balance in the account
if 57 full deposits were made and
interest accrued during the 58
month.
–22.73
Calculates final, fractional, 58
deposit required to reach $4,000.
Note:
Note:
Note:
Note:
observe the cash flow sign
convention.
n
(as we did following Example 1), we would have to
fractional
payment. (Refer to the preceding
n
and then calculating
ancial Functions
ancial Functions
ancial Functions
FV
– which equals the
*
Remember to
full
deposits were
FV
, as we did using the second
not
include the interest accrued
43
43
43
43
th
th
n

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