HP 12c Platinum Reference Guide

26 Lending
RPN Mode:
1.
Press g and press fCLEARG .
2.
Key in the number of months in the loan and press n\:gA .
3.
Key in the add-on rate and press §.
4.
Key in the amount of the loan and press $
*
~b+.
5.
Press ~zÞP.
6.
Press ¼12§ to obtain the APR.
ALG Mode:
1.
Press g and press fCLEARG .
2.
Key in the number of months in the loan and press n³:gA§ .
3.
Key in the add-on rate and press ³ .
4.
Key in the amount of the loan and press $
*
+~bz .
5.
Press ~³ÞP .
6.
Press ¼§12³ to obtain the APR.
Example 1: Calculate the APR and monthly payment of a 12% $1000 add-on loan which
has a life of 18 months.
12c platinum / 12C
RPN Keystrokes
12c platinum
ALG Keystrokes
Display Comments
g gÂ
fCLEARG fCLEARG
18n\ 18n³
:gA12§ :gA§12³
1000$~b+ 1000$+~bz
1,180.00
Amount of loan.
~zÞP ~³ÞP
-65.56
Monthly payment.
¼12§ ¼§12³
21.64
Annual Percentage Rate.
APR Converted to Add-On Interest Rate
Given the number of months and annual percentage rate, this procedure calculates the
corresponding add-on interest rate.
1.
Press g and press fCLEARG .
*
Positive for cash received; negative for cash paid out.

HP 12c Platinum Specifications

General

Digits	10 digits
Battery type	CR2032
Type	Financial
Form factor	Pocket

Weight and Dimensions

Weight	110 g
Dimensions (WxDxH)	79 x 129 x 15 mm