HP 0012C-90001 User Manual page 40

40 40 Section 3: Basic Financial Functions Section 3: Basic Financial Functions
40 40 Section 3: Section 3: Basic Financial Functions Basic Financial Functions
If the answer calculated is not an integer (that is, there would be nonzero digits to
the right of the decimal point), the calculator rounds the answer up to the next
higher integer before storing it in the n register and displaying it.
n
were calculated as 318.15, 319.00
n
is rounded up by the calculator to show the
n–
1 equal, full payments, and one final, smaller payment. The calculator does not
automatically adjust the values in the other financial registers to reflect
payments; rather, it allows you to choose which, if any, of the values to adjust.
Therefore, if you want to know the value of the final payment (with which you can
calculate a balloon payment) or desire to know the payment value for
payments, you will need to press one of the other financial keys, as shown in the
following two examples.
Example 1: You're planning to build a log cabin on your vacation property. Your Example 1:
Example 1: Example 1:
rich uncle offers you a $35,000 loan at 10.5% interest. If you make $325
payments at the end of each month, how many payments will be required to pay
off the loan, and how many years will this take ?
Keystrokes Keystrokes Keystrokes Keystrokes
fCLEARG
10.5gC
35000$
325ÞP
gÂ
w
*
The calculator will round
than 0.005.
† , pressing ¼, $, P, or M will recalculate the value in the
After calculating n
corresponding financial register.
319.00 319.00 319.00 would be the displayed answer.
Display Display Display Display
0.88
Calculates and stores
35,000.00
Stores
–325.00
Stores
paid out)
–325.00
Sets the payment mode to End.
328.00
Number of payments required.
n
down to the next lower integer if the fractional portion of
For example, if
*
total
number of payments needed:
i.
PV.
PMT
(with minus sign for cash
.
n equal
†
n equal
n
is less