Section 3: Basic Financial Functions 61
File name: HP 12cpt_user's guide_English_110608.DOC Page: 71 of 285
Printed Date: 2009/1/13 Dimension: 14.8 cm x 21 cm
Keystrokes
(ALG mode)
Display
P
–717.44
Semiannual payment (with minus
sign for cash paid out).
Calculating the Future Value
1. Press fCLEARG to clear the financial registers.
2. Enter the number of payments or periods, using n or gA.
3. Enter the periodic interest rate, using ¼ or gC.
4. Enter either or both of the following:
z Present value, using $.
z Payment amount, using P.
Note:
Remember to observe the
cash flow sign convention.
5. If a PMT was entered, press g× or g to set the payment mode.
6. Press M to calculate the future value.
Example 1:
In Example 1 on page 59, we calculated that the payment amount
on a 29-year, $243,400 mortgage at 5.25% annual interest compounded monthly
is $1,363.29. If the seller requests a balloon payment at the end of 5 years, what
would be the amount of the balloon
?
Keystrokes Display
f
CLEAR
G
5
gA
60.00
Calculates and stores n.
5.25
gC
0.44
Calculates and stores i.
243400
$
243,400.00
Stores PV.
1363.29
ÞP
–1,363.29
Stores PMT (with minus sign for
cash paid out).
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