HP 12c User Manual page 49

Example 2: If you deposit $50 a month (at the beginning of each month) into a
new account that pays 6
you have in the account after 2 years ?
Keystrokes
fCLEARG
2gA
6.25gC
50ÞP
g×
M
Example 3: Property values in an unattractive area are depreciating at the rate
of 2% per year. Assuming this trend continues, calculate the value in 6 years of
property presently appraised at $32,000.
Keystrokes
fCLEARG
6n
File name: hp 12c_user's guide_English_HDPMBF12E44
Printered Date: 2005/7/29
Section 3: Basic Financial Functions
1
/ % annual interest compounded monthly, how much will
4
Display
24.00
Calculates and stores n.
0.52
Calculates and stores i.
–50.00
Stores PMT (with minus sign for cash
paid out).
–50.00
Sets payment mode to Begin.
1,281.34
Balance after 2 years.
Display
6.00
Stores n.
Page: 49 of 209
Dimension: 14.8 cm x 21 cm
49