62 Section 3: Basic Financial Functions

Keystrokes

Display

fCLEARG

24.00

2gA

6.25gC

0.52

50ÞP

–50.00

–50.00

 

M

1,281.34

 

Calculates and stores n.

Calculates and stores i.

Stores PMT (with minus sign for cash paid out).

Sets payment mode to Begin.

Balance after 2 years.

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

Display

fCLEARG

6.00

6n

2Þ¼–2.00

32000Þ$

–32,000.00

M

28,346.96

 

Stores n.

Stores i (with minus sign for a “negative interest rate”).

Stores PV (with minus sign for cash paid out).

Property value after 6 years.

File name: hp 12c pt_user's guide_English_HDPMF123E27

Page: 62 of 275

Printed Date: 2005/8/1

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