HP 12c Solutions Handbook page 38

8. Key in the loan amount and press
monthly payment amount when the payment is made at the end of the
month.
9. Press
10. Key in the annual interest rate as a percent and press
find the monthly payment amount when the payment is made at the
beginning of the month.
Example: A bulldozer worth $100,000 is being purchased in September.
The first payment is due one month later, and payments will continue over
a period of 5 years. Due to the weather, the machinery will not be used
during the winter months, and the purchaser does not wish to make
payments during January, February, and March (months 4 thru 6). If the
current interest rate is 14%, what is the monthly payment necessary to
amortize the loan?
Keystrokes
CLEAR
3
14
1
12
0
3
1 0
0
0 12
100
CLEAR
5 100000
0
0 1
Display
3.00
0
3,119.98
37
.
Number of payment made before a
group of payments is skipped.
Monthly payment in arrears.
0 to obtain the
to