HP 12c Platinum - Page 60

60 Section 3: Basic Financial Functions
File name: HP 12c Pt Converted_user's guide_English_HDP0F123E02_080207 Page: 11 of 281
Printed Date: { 2007/8/2Dimension: 14.8 cm x 21 cm
Example 2:
Looking forward to retirement, you wish to accumulate $60,000
after 15 years by making deposits in an account that pays 9.75% interest
compounded semiannually. You open the account with a deposit of $3,200 and
intend to make semiannual deposits, beginning six months later, from your
profit-sharing bonus paychecks. Calculate how much these deposits should be.
Keystrokes
(RPN mode)
Display
f
CLEAR
G
15
\
2
µw
30.00
Calculates and stores n.
9.75
\
2
z¼
4.88
Calculates and stores i.
3200
Þ$
–3,200.00
Stores PV (with minus sign for cash
paid out).
60000
M
60,000.00
Stores FV.
gÂ
60,000.00
Sets payment mode to End.
P
–717.44
Semiannual payment (with minus
sign for cash paid out).
Keystrokes
(ALG mode)
Display
f
CLEAR
G
15
µ
2
w
30.00
Calculates and stores n.
9.75
z
2
¼
4.88
Calculates and stores i.
3200
Þ$
–3,200.00
Stores PV (with minus sign for cash
paid out).
60000
M
60,000.00
Stores FV.
gÂ
60,000.00
Sets payment mode to End.