Apr Converted To Add-On Interest Rate - HP 12c Platinum Reference Manual

26 Lending
RPN Mode:
1. Press g and press fCLEARG .
2. Key in the number of months in the loan and press n\:gA .
3. Key in the add-on rate and press §.
4. Key in the amount of the loan and press $
5. Press ~zÞP.
6. Press ¼12§ to obtain the APR.
ALG Mode:
1.
Press g and press fCLEARG .
2.
Key in the number of months in the loan and press n³:gA§ .
3.
Key in the add-on rate and press ³ .
4.
Key in the amount of the loan and press $
5.
Press ~³ÞP .
6. Press ¼§12³ to obtain the APR.
Example 1: Calculate the APR and monthly payment of a 12% $1000 add-on loan which
has a life of 18 months.
12c platinum / 12C
RPN Keystrokes
gÂ
fCLEARG
18n\
:gA12§
1000$~b+
~zÞP
¼12§

APR Converted to Add-On Interest Rate

Given the number of months and annual percentage rate, this procedure calculates the
corresponding add-on interest rate.
1. Press g and press fCLEARG .
*
Positive for cash received; negative for cash paid out.
12c platinum
ALG Keystrokes
gÂ
fCLEARG
18n³
:gA§12³
1000$+~bz
~³ÞP
¼§12³
*
~b+.
*
+~bz .
Display
1,180.00 Amount of loan.
Monthly payment.
-65.56
Annual Percentage Rate.
21.64
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