# HP 12C Platinum User Manual Page 13

Financial calculator.

Note:
A battery symbol (
when the calculator is on signifies that the available battery power is nearly
exhausted. To install new batteries, refer to Appendix F.
The calendar functions and nearly all of the financial functions take some
time to produce an answer. (This is typically just a few seconds, but the¼,
!, L, and S functions could require a half-minute or more.) During
these calculations, the word running flashes in the display to let you know
that the calculator is running.
Keystrokes
fCLEARHf2
4gA
6gC
500P
\$
Example 2: We now need to determine how to accumulate the required deposit
by the time your daughter enters college 14 years from now. Let's say that she has
a paid-up \$5,000 insurance policy that pays 5.35%, compounded annually. How
much would it be worth by the time she enters college ?
In this example, we need to calculate FV, the future value.
Keystrokes
fCLEARG
14n
5.35¼
5000Þ\$
*
Don't be concerned now about the minus sign in the display. That and other details will be
explained in Section 3.
Making Financial Calculations Easy
) shown in the upper-left corner of the display
Display
Clears previous data inside the
0.00
calculator and sets display to show
two decimal places.
Calculates and stores the number
48.00
of compounding periods.
Calculates and stores the periodic
0.50
interest rate.
Stores periodic payment amount.
500.00
Sets payment mode to Begin.
500.00
Amount required to be deposited.
-21,396.61
Display
Clears previous financial data
-21,396.61
inside the calculator.
Stores the number of compounding
14.00
periods.
Stores the periodic interest rate.
5.35
Stores the present value of the
-5,000.00
policy.
13
*