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HP 12C Platinum User Manual Page 53

Financial calculator.
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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
n
2z
Keystrokes
(ALG mode)
fCLEARG
6.25z24¼
775Þ$
50ÞP
4000M
Section 3: Basic Financial Functions
Display
0.26
Calculates and stores i.
Stores PV (with minus sign for cash
–775.00
paid out).
Stores PMT (with minus sign for cash
–50.00
paid out).
Stores FV.
4,000.00
Sets the payment mode to End.
4,000.00
Number of semimonthly deposits.
58.00
Number of months.
29.00
Display
Calculates and stores i.
0.26
Stores PV (with minus sign for cash
–775.00
paid out).
Stores PMT (with minus sign for cash
–50.00
paid out).
Stores FV.
4,000.00
53

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