HP 12C - Page 62

62 Section 3: Basic Financial Functions
File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 62 of 275
Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm
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.
Example 3:
Property values in an unattractive area are depreciating at the rate
of 2% per year. Assuming this trend continues, calculate the value in 6 years of
property presently appraised at $32,000.
Keystrokes Display
f
CLEAR
G
6
n
6.00
Stores n.
2
Þ¼
–2.00
Stores i (with minus sign for a
“negative interest rate”).
32000
Þ $
–32,000.00
Stores PV (with minus sign for cash
paid out).
M
28,346.96
Property value after 6 years.