HP 12C User Manual page 53

Example 2: You're opening a savings account today (the middle of the month)
with a $775 deposit. The account pays 6.25% interest compounded semimonthly.
If you make semimonthly deposits of $50 beginning next month, how long will it
take for your account to reach $4,000 ?
Keystrokes
(RPN mode)
fCLEARG
6.25\24z¼
775Þ$
50ÞP
4000M
gÂ
n
2z
Keystrokes
(ALG mode)
fCLEARG
6.25z24¼
775Þ$
50ÞP
4000M
File name: hp 12c pt_user's guide_English_HDPMF123E27
Printed Date: 2005/8/1
Section 3: Basic Financial Functions
Display
0.26
Calculates and stores i.
–775.00
Stores PV (with minus sign for cash
paid out).
–50.00
Stores PMT (with minus sign for cash
paid out).
4,000.00
Stores FV.
4,000.00
Sets the payment mode to End.
58.00
Number of semimonthly deposits.
29.00
Number of months.
Display
0.26
Calculates and stores i.
–775.00
Stores PV (with minus sign for cash
paid out).
–50.00
Stores PMT (with minus sign for cash
paid out).
4,000.00
Stores FV.
Page: 53 of 275
Dimension: 14.8 cm x 21 cm
53