HP 12C Financial 12C +:P, +:P, Display, –325.00, –143.11, Display, –141.87, –325.00, –466.87, Display, –141.87, –325.00, –466.87, Keystrokes, (ALG mode), Keystrokes, (RPN mode)

52 Section 3: Basic Financial Functions

Keystrokes	Display
(ALG mode)
+:P	–325.00	Recalls payment amount.
}	–143.11	Final, fractional payment.

Alternatively, you could make the fractional payment together with the 327th payment. (Doing so will result in a somewhat smaller total of all payments, since you will not have to pay interest during the 328th payment period.) You can calculate this final, larger, 327th payment (essentially a balloon payment) as follows:

Keystrokes	Display
(RPN mode)
327n	327.00	Stores number of full payments.
M	–141.87	Calculates FV — which is the
		balance remaining after 327 full
		payments.
:P	–325.00	Recalls payment amount.
+	–466.87	Final, balloon payment.
Keystrokes	Display
(ALG mode)
327n	327.00	Stores number of full payments.
M	–141.87	Calculates FV — which is the
		balance remaining after 327 full
		payments.
+:P	–325.00	Recalls payment amount.
}	–466.87	Final, balloon payment.

Instead of having a fractional (or balloon) payment at the end of the loan, you might wish to make 327 or 328 equal payments. Refer to “Calculating the Payment Amount” on page 58 for a complete description of this procedure.

File name: hp 12c pt_user's guide_English_HDPMF123E27	Page: 52 of 275
Printed Date: 2005/8/1	Dimension: 14.8 cm x 21 cm