HP 12c Solutions Handbook page 47

Financial calculator
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7
25
Example 2: Solving for payment amount.
For 8 years you wish to make weekly deposits in a savings account paying
5.5% compounded quarterly. What amount must you deposit each week
to accumulate $6000.
Keystrokes
CLEAR
5.5
4
100
52
CLEAR
8
52
6000
Example 3: Solving for number of payment periods.
You can make weekly deposits of $10 in to an account paying 5.25%
compounded daily (365-day basis). How long will it take you to
accumulate $1000?
Keystrokes
CLEAR
5.25
365
100
52
CLEAR
8
1000
2,519.61
Future value.
Display
0.11
Equivalent periodic interest rate.
-11.49
Periodic payment.
Display
0.10
Equivalent periodic interest rate.
96.00
Weeks.
46

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