Using The Finance Solver; Background - HP 40gs User Manual

hp40g+.book Page 1 Friday, December 9, 2005 1:03 AM

Using the Finance Solver

Background

Using the Finance Solver
The Finance Solver, or Finance aplet, is available by
using the APLET key in your calculator. Use the up and
down arrow keys to select the Finance aplet. Your screen
should look as follows:
Press the key or the
activate the aplet. The resulting screen shows the different
elements involved in the solution of financial problems
with your HP 40gs calculator.
Background information on and applications of financial
calculations are provided next.
The Finance Solver application provides you with the
ability of solving time-value-of-money (TVM) and
amortization problems. These problems can be used for
calculations involving compound interest applications as
well as amortization tables.
Compound interest is the process by which earned
interest on a given principal amount is added to the
principal at specified compounding periods, and then the
12
soft menu key to
12-1