HP 30b Professional Basic Financial Calculation Example, Clears TVM register Getting Started

Table 1-3 Keys and Descriptions

Keys	Description
:e	format.Rounds x internally to the number specified by the display

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 Display and Description

:xIO

Clears TVM register.

Getting Started 21