HP 12c Platinum Reference Guide

Lending 27
2. Enter the following information:
a. Key in number of months of loan and press n .
b. Key in APR and press gC .
c. Key in 100 and press $P .
3.
RPN: Press :$:nz+Þ12§ to obtain the add-on rate.
3.
ALG: Press :$z:n+~§12³Þ to obtain the add-on rate.
Example 1: What is the equivalent add-on rate for an 18 month loan with an APR of
14%?
12c platinum / 12C
RPN Keystrokes
12c platinum
ALG Keystrokes
Display Comments
g gÂ
fCLEARG fCLEARG
18n14gC 18n14gC
100$P:$ 100$P:$
:nz+Þ z:n+~
12§ §12³Þ
7.63
Add-On Interest Rate.
Add-On Rate Loan with Credit Life
This HP 12C Platinum program calculates the monthly payment amount, credit life
amount (an optional insurance which cancels any remaining indebtedness at the death of
the borrower), total finance charge, and annual percentage rate (APR) for an add-on
interest rate (AIR) loan. The monthly payment is rounded (in normal manner) to the
nearest cent. If other rounding techniques are used, slightly different results may occur.
12c platinum / 12C
RPN KEYSTROKES
DISPLAY
12c platinum
ALG KEYSTROKES
DISPLAY
fs fs
fCLEARÎ
000,
fCLEARÎ
000,
gÂ
001, 43 8
gÂ
001, 43 8
1
002, 1
:0
002, 45 0
:0
003, 45 0
n
003, 11
1
004, 1
:gA
004,45,43 11
2
005, 2
b
005, 25
0
006, 0
?4
006, 44 4
0
007, 0
§
007, 20
z
008, 10
:2
008, 45 2
?4
009, 44 4
³
009, 36
:2
010, 45 2
:4
010, 45 4

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