HP 12c Platinum Reference Manual page 48

48 Savings
Example 2: Solving for payment amount.
For 8 years you wish to make weekly deposits in a savings account paying 5.5%
compounded quarterly. What amount must you deposit each week to accumulate $6000.
12c platinum / 12C
RPN Keystrokes
g×
fCLEARG
5.5\
4nz¼
1$M
52n¼
fCLEARG¼
8\52§n
6000MP
Example 3: Solving for number of payment periods.
You can make weekly deposits of $10 in to an account paying 5.25% compounded daily
(365-day basis). How long will it take you to accumulate $1000?
12c platinum / 12C
RPN Keystrokes
g×
fCLEARG
5.25\
365nz¼
1$M
52n¼
fCLEARG¼
10ÞP
1000Mn
12c platinum
ALG Keystrokes
g×
fCLEARG
4n
5.5z:n¼
1$M
52n¼
fCLEARG¼
8§52n
6000MP
12c platinum
ALG Keystrokes
g×
fCLEARG
365n
5.25z:n¼
1$M
52n¼
fCLEARG¼
10ÞP
1000Mn
Display
Equivalent periodic interest
0.11
rate.
Periodic payment.
-11.49
Display
Equivalent periodic interest
0.10
rate.
Weeks.
96.00
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