HP 12C User Manual page 62

62 Section 3: Basic Financial Functions
Keystrokes
fCLEARG
2gA
6.25gC
50ÞP
g×
M
Example 3: Property values in an unattractive area are depreciating at the rate
of 2% per year. Assuming this trend continues, calculate the value in 6 years of
property presently appraised at $32,000.
Keystrokes
fCLEARG
6n
2Þ¼
32000Þ $
M
File name: hp 12c pt_user's guide_English_HDPMF123E27
Printed Date: 2005/8/1
Display
24.00
Calculates and stores n.
0.52
Calculates and stores i.
–50.00
Stores PMT (with minus sign for cash
paid out).
–50.00
Sets payment mode to Begin.
1,281.34
Balance after 2 years.
Display
6.00
Stores n.
–2.00
Stores i (with minus sign for a
"negative interest rate").
–32,000.00
Stores PV (with minus sign for cash
paid out).
28,346.96
Property value after 6 years.
Page: 62 of 275
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