HP 12c Solutions Handbook page 165

•








PV = PMT

1








where:
•
1 + C
Q = ------------------ - 1
1 + I
• A = number of payments per year
• B = number of years that payments increase
• C = percentage increase in periodic payments (as a decimal)
• PMT = amount of the first payment
1


-
1

- B

1 + Q
1 + I

 1
A
--------------- - --------------------- -

I Q


–
A
1
1 +
B
+
1 C

n AB
–

---------------- -

I

-
 + --------------------------------------------- -
AB

1 + I



164

-


-
I 












