Calculating The Future Value - HP 0012C-90001 User Manual

48 48 Section 3: Basic Financial Functions Section 3: Basic Financial Functions
48 48 Section 3: Section 3: Basic Financial Functions Basic Financial Functions

Calculating the Future Value

Calculating the Future Value
Calculating the Future Value Calculating the Future Value
1. Press fCLEARG to clear the financial registers.
2. Enter the number of payments or periods, using w or A.
3. Enter the periodic interest rate, using ¼ or C.
4. Enter either or both of the following:
Present value, using $.

Payment amount, using P.

was entered, press g× or g to set the payment mode.
PMT
5. If a
6. Press M to calculate the future value.
Example 1: In Example 1 on page 46, we calculated that the payment amount on Example 1:
Example 1: Example 1:
a 29-year, $43,400 mortgage at 14
requests a balloon payment at the end of 5 years, what would be the amount of
the balloon ?
Keystrokes Keystrokes
Keystrokes Keystrokes
fCLEARG
5gA
14.25gC
43400$
523.99ÞP
gÂ
M
Note: Note: Note: Note:
observe the cash flow sign
convention.
1
/ % annual interest is $523.99. If the seller
4
Display Display
Display Display
60.00
Calculates and stores
1.19
Calculates and stores
43,400.00
Stores
–523.99
Stores
paid out)
–523.99 Sets payment mode to End.
–42,652.37 Amount of balloon payment.
Remember to
n.
i.
PV.
PMT
(with minus sign for cash
.