Calculating The Future Value - HP 12C Platinum User Manual

Keystrokes
(ALG mode)
P

Calculating the Future Value

1. Press fCLEARG to clear the financial registers.
2. Enter the number of payments or periods, using n or gA.
3. Enter the periodic interest rate, using ¼ or gC.
4. Enter either or both of the following:
Present value, using $.
Payment amount, using P.
5. If a PMT was entered, press g× or g to set the payment mode.
6. Press M to calculate the future value.
Example 1: In Example 1 on page 59, we calculated that the payment amount
on a 29-year, $243,400 mortgage at 5.25% annual interest compounded monthly
is $1,363.29. If the seller requests a balloon payment at the end of 5 years, what
would be the amount of the balloon ?
Keystrokes
fCLEARG
5gA
5.25gC
243400$
1363.29ÞP
Section 3: Basic Financial Functions
Display
Semiannual payment (with minus
–717.44
sign for cash paid out).
Note:
cash flow sign convention.
Display
Calculates and stores n.
60.00
Calculates and stores i.
0.44
Stores PV.
243,400.00
Stores PMT (with minus sign for
–1,363.29
cash paid out).
Remember to observe the
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