Hp 12c platinum financial calculator - Appraisal Institute

hp 12c platinum financial calculator

user's guide

H

Edition 4

HP part number F2232-90001

File name: hp 12c pt_user's guide_English_HDPMF123E27

Page: 1 of 275

Printed Date: 2005/8/1

Dimension: 14.8 cm x 21 cm

Notice

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THIS MANUAL AND ANY EXAMPLES CONTAINED HEREIN

ARE PROVIDED ¡°AS IS¡± AND ARE SUBJECT TO CHANGE

WITHOUT NOTICE. HEWLETT-PACKARD COMPANY MAKES

NO WARRANTY OF ANY KIND WITH REGARD TO THIS

MANUAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED

WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT

AND FITNESS FOR A PARTICULAR PURPOSE.

HEWLETT-PACKARD CO. SHALL NOT BE LIABLE FOR ANY

ERRORS OR FOR INCIDENTAL OR CONSEQUENTIAL

DAMAGES IN CONNECTION WITH THE FURNISHING,

PERFORMANCE, OR USE OF THIS MANUAL OR THE

EXAMPLES CONTAINED HEREIN.

? Copyright 1981, 1982, 1999, 2002-2005 Hewlett-Packard

Development Company, L.P. Reproduction, adaptation, or translation

of this manual is prohibited without prior written permission of

Hewlett-Packard Company, except as allowed under the copyright

laws.

Hewlett-Packard Company

4995 Murphy Canyon Rd,

Suite 301

San Diego, CA 92123

Printing History

Edition 4

March

File name: hp 12c pt_user's guide_English_HDPMF123E27

Page: 2 of 275

Printed Date: 2005/8/1

Dimension: 14.8 cm x 21 cm

2005

Introduction

About This Handbook

This hp 12c platinum user's guide is intended to help you get the most out of your

investment in your hp 12c platinum Programmable Financial Calculator. Although

the excitement of acquiring this powerful financial tool may prompt you to set this

handbook aside and immediately begin ¡°pressing buttons,¡± in the long run you¡¯ll

profit by reading through this handbook and working through the examples it

contains.

Following this introduction is a brief section called Making Financial Calculations

Easy¡ªwhich shows you that your hp 12c platinum does just that! The remainder of

this handbook is organized basically into three parts:

z

Part I (sections 1 through 7) describes how to use the various financial,

mathematics, statistics, and other functions (except for programming)

provided in the calculator:

z

Section 1 is about Getting Started. It tells you how to use the keyboard,

how to do simple arithmetic calculations and chain calculations, and

how to use the storage registers (¡°memories¡±).

z

Section 2 tells you how to use the percentage and calendar functions.

z

Section 3 tells you how to use the simple interest, compound interest, and

amortization functions.

z

Section 4 tells you how to do discounted cash flow analysis, bond, and

depreciation calculations.

z

Section 5 tells you about miscellaneous operating features such as

Continuous Memory, the display, and special function keys.

z

Sections 6 and 7 tell you how to use the statistics, mathematics, and

number-alteration functions.

z

Part II (sections 8 through 11) describes how to use the powerful

programming capabilities of the hp 12c platinum.

z

Part III (sections 12 through 16) gives you step-by-step solutions to

specialized problems in real estate, lending, savings, investment analysis,

and bonds. Some of these solutions can be done manually, while others

involve running a program. Since the programmed solutions are both

self-contained and step-by-step, you can easily employ them even if you don¡¯t

care to learn how to create your own programs. But if you do start to create

your own programs, look over the programs used in the solutions: they

contain examples of good programming techniques and practices.

3

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4

Introduction

z

The various appendices describe additional details of calculator operation as

well as warranty and service information.

z

The Function Key Index and Programming Key Index at the back of the

handbook can be used as a handy page reference to the comprehensive

information inside the manual.

Financial Calculations in the United Kingdom

The calculations for most financial problems in the United Kingdom are identical to

the calculations for those problems in the United States ¡ª which are described in

this handbook. Certain problems, however, require different calculation methods in

the United Kingdom than in the United States. Refer to Appendix G for more

information.

For More Solutions to Financial Problems

In addition to the specialized solutions found in Sections 12 through 16 of this

handbook, many more are available in the optional hp 12c platinum Solutions

Handbook. Included are solutions to problems in lending, forecasting, pricing,

statistics, savings, investment analysis, personal finance, securities, Canadian

mortgages, learning curves in manufacturing, options pricing, and queuing theory.

The solutions handbook is available online at the hp 12c platinum website.

HP would like to thank the following for their contribution:

Gene Wright, Lipscomb University, Nashville, TN, USA

and

Tony Hutchins, Wellington, NZ

Jordi Hidalgo, Barcelona, Spain

File name: hp 12c pt_user's guide_English_HDPMF123E27

Printed Date: 2005/8/1

Page: 4 of 275

Dimension: 14.8 cm x 21 cm

Contents

Introduction.................................................................... 3

About This Handbook .....................................................................3

Financial Calculations in the United Kingdom.....................................4

For More Solutions to Financial Problems...........................................4

Part I:

Problem Solving ......................................... 15

Section 1: Getting Started ................................................. 16

Power On and Off........................................................................16

Low-Power Indication..............................................................16

Adjusting the Display Contrast.................................................16

The Keyboard ..............................................................................16

Keying in Numbers ................................................................17

Digit Separators ....................................................................17

Negative Numbers ................................................................17

Keying in Large Numbers .......................................................18

Backspacing .........................................................................18

The CLEAR Keys ....................................................................19

Undo Operation ....................................................................20

The RPN and ALG Keys ..........................................................20

Simple Arithmetic Calculations in RPN Mode ...................................21

Simple Arithmetic Calculations in ALG Mode ...................................22

Chain Calculations in RPN Mode ...................................................23

Chain Calculations in ALG Mode ...................................................26

Parentheses Calculations ...............................................................26

Storage Registers..........................................................................27

Storing and Recalling Numbers ...............................................27

Clearing Storage Registers......................................................29

Storage Register Arithmetic .....................................................29

Section 2: Percentage and Calendar Functions .................... 31

Percentage Functions.....................................................................31

Percentages in RPN Mode ......................................................31

Percentages in ALG Mode ......................................................32

Net Amount in RPN Mode ......................................................33

Net Amount in ALG Mode ......................................................33

Percent Difference ..................................................................34

Percent of Total in RPN Mode..................................................35

5

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Page: 5 of 275

Printed Date: 2005/8/1

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