HP (Hewlett-Packard) Calculator HP 12C Financial Calculator User Manual

4.7

Out of 3 Ratings

Owner's of the HP (Hewlett-Packard) Calculator HP 12C Financial Calculator gave it a score of 4.7 out of 5. Here's how the scores stacked up:

  • Reliability

    5.0 out of 5

  • Durability

    5.0 out of 5

  • Maintenance

    5.0 out of 5

  • Performance

    5.0 out of 5

  • Ease of Use

    3.5 out of 5
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160 Section 12: Real Estate and Lending
File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 160 of 275
Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm
Keystrokes
(RPN mode)
Keystrokes
(ALG mode)
Display
9
gC
9
gC
0.75
Discount rate (into i).
137.17
P
*
137.17
P
*
137.17
Monthly payments (into
PMT).
2000
M$
2000
M$
–8,777.61
Amount necessary to
prepay the note.
Example 2:
A 6.5% mortgage with 26 years remaining and a remaining
balance of $249,350 is available for purchase. Determine the price to pay for this
mortgage if the desired yield is 12%. (Since the payment amount is not given, it
must be calculated.)
Keystrokes
(RPN mode)
Keystrokes
(ALG mode)
Display
f]
f[
gÂ
f
CLEAR
G
26
gA
gÂ
f
CLEAR
G
26
gA
312.00
Months (into n).
6.5
gC
6.5
gC
0.54
Percent monthly interest
rate (into i).
249350
Þ$
P
249350
Þ$
P
1,657.97
Monthly payment to be
received (calculated).
12
gC
12
gC
1.00
Desired monthly interest
rate (into i).
$
$
–158,361.78
Purchase price to achieve
the desired yield
(calculated).
*
Note that the payments are positive because this problem is in seen from the viewpoint of the
lender who will be receiving payments. The negative PV indicates money that was lent out.

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