HP 12c User Manual page 47

Keystrokes
fCLEARG
29gA
14.25gC
43400$
gÂ
P
Example 2: Looking forward to retirement, you wish to accumulate $60,000
after 15 years by making deposits in an account that pays 9
compounded semiannually. You open the account with a deposit of $3,200 and
intend to make semiannual deposits, beginning six months later, from your
profit-sharing bonus paychecks. Calculate how much these deposits should be.
Keystrokes
fCLEARG
15\2µw
9.75\2z¼
3200Þ$
60000M
gÂ
P
File name: hp 12c_user's guide_English_HDPMBF12E44
Printered Date: 2005/7/29
Section 3: Basic Financial Functions
Display
348.00
Calculates and stores n.
1.19
Calculates and stores i.
43,400.00
Stores PV.
43,400.00
Sets payment mode to End.
–523.99
Monthly payment (with minus sign
for cash paid out).
Display
30.00
Calculates and stores n.
4.88
Calculates and stores i.
–3200.00
Stores PV (with minus sign for cash
paid out).
60,000.00
Stores FV.
60,000.00
Sets payment mode to End.
–717.44
Semiannual payment (with minus sign
for cash paid out).
Page: 47 of 209
Dimension: 14.8 cm x 21 cm
47
3
/ % interest
4