Compounding Periods Different From Payment Periods - HP 12c Solutions Handbook

10. For a new case press
Example: Compute the amount remaining in this 5.25% account after the
following transactions:
1. January 19, 1981 deposit $125.00
2. February 24, 1981 deposit $60.00
3. March 16, 1981 deposit $70.00
4. April 6, 1981 withdraw $50.00
5. June 1, 1981 deposit $175.00
6. July 6, 1981 withdraw $100.00
Keystrokes
CLEAR
1.191981
5.25
125
2.241981
60
3.161981
70
4.061981
50
6.0111981
175
7.061981
100
3
Compounding Periods Different From
Payment Periods
In financial calculations involving a series of payments equally spaced in
time with periodic compounding, both periods of time are normally equal
and coincident. This assumption is preprogrammed into the HP 12C.
and go to step 2.
Display
125.00 Initial Deposit.
Balance in account, February 24,
185.65
1981.
256.18 Balance in account, March 16, 1981.
206.95 Balance in account, April 6 1981.
383.62 Balance in account, June 1, 1981.
285.56 Balance in account, July 6, 1981.
5.56 Total interest.
44