HP 12c Platinum Owner's Handbook

158 Section 15: Savings
1. Key in the program.
2. Key in the annual nominal rate as a percentage then press \.
3. Key in the number of compounding periods per year then press t to
obtain the effective annual interest rate.
4. For a new case return to step 2.
Example 2: What is the effective annual rate of interest if the annual nominal
rate of 5¼% is compounded monthly?
Effective Rate Converted to Nominal Rate
Given an effective interest rate and the number of compounding periods per year,
this routine calculates the nominal interest rate.
1. Press fCLEARG.
2. Key in the number of periods per year then press n.
3. Key in 100 then press \$.
4. Key in the effective annual rate as a percentage then press +ÞM¼.
5. Press :n§ to obtain the annual nominal rate.
Example: Find the nominal rate if the effective annual rate is 5.35%
compounded quarterly.
KEYSTROKES
(RPN mode)
DISPLAY
KEYSTROKES
(RPN mode)
DISPLAY
¼
005, 12
fs
1
006, 1
REGISTERS
n: # Periods. i: Nom. Rate/n PV: 0 PMT: Used.
FV: Eff. Rate R
0
–R.
9
: Unused
Keystrokes (RPN mode) Display
5.25\
12t
5.38
Percent effective interest rate.
Keystrokes (RPN mode) Display
fCLEARG
4n100\$
100.00
5.35+Þ
–105.35

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