This calculates time value of money calculations. It stores the interest rate as a periodic rate, ("i%" key instead of "I/YR" key).

It is similar to the 12CP calculator in calculations involving N with fractional parts and the "C" status on.

For calculations with simple interest (HP 12C 'C' status off) use the
Time Value of Money with Odd Periods and Simple Interest Calculator)

This calculator uses the third formula in Time Value of Money Compound Interest Formulas.

What are the monthly payments for a 45,000 loan for 36 months and 16 days years at 5% per year?

Value | Keystrokes (RPN) | Keystrokes (CHN) | Display | Description |
---|---|---|---|---|

shift, clr f | Clears the financial variables. This does not change the P/YR or C/YR. | |||

shift, END | set the payment mode to END. | |||

16 ENTER 30 ÷ 36 + N |
16 ÷ 30 + 36 N |
36.53 | Sets the number of payments to 36.533 | |

5 | shift, 12÷ | shift, 12÷ | 0.42 | Sets the periodic interest rate. |

45000 | PV | PV | 45,000.00 | Stores the loan amount, PV. |

PMT | -1,351.68 | Calculate the monthly payment. |

This is the same as the 12CP with "STO+EEX" set so the "C" status **is** displayed.

See the Time Value of Money Examples for additional information on this calculator.

For the shift keys:

Using the "long press" gesture will display a hint about any key. (Video: Displaying a hint) You can inspect the Key Details to see the formulas and functions for any key.

Percentage Change and Percent of Total Keys

Calculation Methods Used by CALC 1

Also see

Storing and Recalling Numbers.