62 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
Keystrokes Display
gÂ
–1,363.29
Sets payment mode to End.
M
–222,975.98
Amount of balloon payment.
Example 2:
If you deposit $50 a month (at the beginning of each month) into a
new account that pays 6.25% annual interest compounded monthly, how much
will you have in the account after 2 years
?
Keystrokes Display
f
CLEAR
G
2
gA
24.00
Calculates and stores n.
6.25
gC
0.52
Calculates and stores i.
50
ÞP
–50.00
Stores PMT (with minus sign for cash
paid out).
g×
–50.00
Sets payment mode to Begin.
M
1,281.34
Balance after 2 years.