Basic Financial Calculation Example - HP 30b - Business Professional Calculator Quick Start Manual

Table 1-3 Keys and Descriptions
Keys
:e

Basic Financial Calculation Example

Table 1-4 illustrates how easily you can perform financial calculations using
the HP 30b Business Professional. For more examples and information on
financial problems, including cash flows and using cash flow diagrams, refer
to the materials available on www.hp.com\calculators.
Calculate the monthly payment amount on a 30-year loan of 125,000.00
with a 6.9% annual interest rate, compounded monthly. Assume payments
occur at the end of the compounding period, and there are 12 payments per
year. This problem may be calculated in RPN, Algebraic, or Chain mode.
The problem is calculated in the table below with the mode menu items in
their default settings.
Table 1-4
Keys
:xIO
Description
Rounds x internally to the number specified by the display
format.
Display and Description
Clears TVM register.
Getting Started 21