Calculating The Future Value - HP 12c User Manual

48 Section 3: Basic Financial Functions

Calculating the Future Value

1. Press fCLEARG to clear the financial registers.
2. Enter the number of payments or periods, using n or A.
3. Enter the periodic interest rate, using ¼ or C.
4. Enter either or both of the following:
Present value, using $.
Payment amount, using P.
5. If a PMT was entered, press g× or g to set the payment mode.
6. Press M to calculate the future value.
Example 1: In Example 1 on page 46, we calculated that the payment amount
on a 29-year, $43,400 mortgage at 14
seller requests a balloon payment at the end of 5 years, what would be the
amount of the balloon ?
Keystrokes
fCLEARG
5gA
14.25gC
43400$
523.99ÞP
gÂ
M
File name: hp 12c_user's guide_English_HDPMBF12E44
Printered Date: 2005/7/29
Note: Remember to
observe the cash flow sign
convention.
1
/ % annual interest is $523.99. If the
4
Display
60.00
Calculates and stores n.
1.19
Calculates and stores i.
43,400.00
Stores PV.
–523.99
Stores PMT (with minus sign for cash
paid out).
–523.99
Sets payment mode to End.
–42,652.37
Amount of balloon payment.
Page: 48 of 209
Dimension: 14.8 cm x 21 cm