Basic Financial Calculation Example - HP 12C#ABA - 12C Financial Calculator Quick Start Manual

Basic Financial Calculation Example

Table 1-4 illustrates how easily you can perform financial calculations
using the HP 12c Financial Calculator. For more examples and informa-
tion on financial problems, including cash flows and using cash flow
diagrams, refer to section three of the HP 12c Financial Calculator
User's Guide, titled, Basic Financial Functions.
Calculate the monthly payment amount on a 30-year loan of
125,000.00 with a 6.9% annual interest rate, compounded monthly.
Assume payments occur at the end of the compounding period.
Table 1-4 Loan Payment Example
Keys
T
FIN
Uh
18 Getting Started
Display/Description
Clears financial registers. Press
return to the default screen (see above)
Sets payment mode to End. This step is optional
unless the "Begin" indicator is lit, as End mode is
the default setting.
Q
if you want to
.