HP 12c Platinum Reference Guide

48 Savings
Example 2: Solving for payment amount.
For 8 years you wish to make weekly deposits in a savings account paying 5.5%
compounded quarterly. What amount must you deposit each week to accumulate $6000.
12c platinum / 12C
RPN Keystrokes
12c platinum
ALG Keystrokes
Display Comments
g× g×
fCLEARG fCLEARG
5.5\ 4n
4nz¼ 5.5z:n¼
1$M 1$M
52n¼ 52n¼
fCLEARG¼ fCLEARG¼
0.11
Equivalent periodic interest
rate.
8\52§n 8§52n
6000MP 6000MP
-11.49
Periodic payment.
Example 3: Solving for number of payment periods.
You can make weekly deposits of $10 in to an account paying 5.25% compounded daily
(365-day basis). How long will it take you to accumulate $1000?
12c platinum / 12C
RPN Keystrokes
12c platinum
ALG Keystrokes
Display Comments
g× g×
fCLEARG fCLEARG
5.25\ 365n
365nz¼ 5.25z:n¼
1$M 1$M
52n¼ 52n¼
fCLEARG¼ fCLEARG¼
0.10
Equivalent periodic interest
rate.
10ÞP 10ÞP
1000Mn 1000Mn
96.00
Weeks.

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