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HP HP-11C User Manual

HP HP-11C
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186
Section
10:
Applications
Programs
which
must
be
given)
can
be
either
inputs
or outputs:
n:
The
number
of
compounding
periods.
(For
a
30
year
loan
with
monthly
payments,
n
=12
X
30
=
360.)
i:
The
periodic
interest
rate
expressed
as
a
percentage.
(For
other
than
annual
compounding,
divide
the
annual
percent-
age
rate
by
the
number
of
compounding
periods
in
a
year,
i.e.,
10%
annual
interest
compounded
monthly
equals
10/12
or
0.83%.)
PV:
The
present
value
of
the
cash
flow
or
compound
amounts.
PMT:
The
periodic
payment.
FV:
The
future
value;
the
final
cash
flow
(balloon
payment
or
remaining
balance)
or
the
compounded
value
of
a
series
of
cash
flows.
Accumulated
interest
and
remaining
balance
may
also
be
computed
with
this
program.
The
program
accommodates
payments
which
are
made
at
the
beginning
or
end
of
compounding
periods.
Payments
made
at
the
end
of
compounding
periods
(ordinary
annuity)
are
common
in
direct
reduction
loans
and
mortgages
while
payments
at
the
beginning
of
compounding
periods
(annuity
due)
are
common
in
leasing.
For
ordinary
annuity
press
and
then
until
1
is
displayed.
For
annuity
due
press
[A]then
until
0
is
displayed.
This
program
uses
the
convention
that
cash
outlays
are
input
as
negative,
and
cash
incomes
are
input
as
positive.
Pressing
CLEAR
provides
a
safe,
convenient,
easy
to
remember
method
of
preparing
the
calculator
for
a
new
problem.
However,
it
is
not
necessary
to
use
CLEAR
between
problems
containing
the
same
combination
of
variables.
For
instance,
any
number
of
n,
i,
PV,
PMT,
FV
problems
involving
different
numbers
and/or
different
combinations
of
knowns
can
be
done
in
succession
without
clearing
the
registers.
Only
the
values
which
change
from
problem
to
problem
would
have
to
be
keyed
in.
To
change
the
combination
of
variables
without
using
CLEAR
(REG],
simply
input
zero
for
any
variable
which
is
no
longer
applicable.
To
go
from
a
problem
where
n,
i,
PMT,
PV
are
knowns
to
a
problem
where
n,
i,
PV,
FV
are
knowns,
a
zero
would
be
stored
in
place
of
PMT.
The
following
table
summarizes
these
procedures.

Table of Contents

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HP HP-11C Specifications

General IconGeneral
BrandHP
ModelHP-11C
CategoryCalculator
LanguageEnglish

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