Basic Financial Calculation Example
Table 1-4 illustrates how easily you can perform financial calculations using the HP 12c Financial Calculator. For more examples and informa- tion on financial problems, including cash flows and using cash flow diagrams, refer to section three of the HP 12c Financial Calculator User’s Guide, titled, Basic Financial Functions.
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.
Table 1-4 Loan Payment Example
KeysDisplay/Description
TFIN
Clears financial registers. Press Qif you want to return to the default screen (see above).
Uh
Sets payment mode to End. This step is optional unless the “Begin” indicator is lit, as End mode is the default setting.
