HP 12c Platinum Reference Manual page 47

To calculate the equivalent payment period interest rate, information is entered as follows:
1. Press g× and press fCLEARG.
RPN Mode:
2. Key in the annual interest rate (as a percent) and press \.
3. Key in the number of compounding periods per year and press nz¼.
ALG Mode:
2. Key in the number of compounding periods per year and press n.
3. Key in the annual interest rate (as a percent) and press z:n¼.
4. Key in 1 and press $M.
5. Key in the number of payments (deposits) per year and press
n¼fCLEARG¼.
The interest rate which corresponds to the payment period is now in register "i" and you
are ready to proceed.
Example 1: Solving for future value.
Starting today you make monthly deposits of $25 into an account paying 5% compounded
daily (365-day basis). At the end of 7 years, how much will you receive from the account?
12c platinum / 12C
RPN Keystrokes
g×
fCLEARG
5\
365nz¼
1$M
12n¼
fCLEARG¼
7gA
25ÞP
M
12c platinum
ALG Keystrokes
g×
fCLEARG
365n
5z:n¼
1$M
12n¼
fCLEARG¼
7gA
25ÞP
M
Display
Equivalent periodic interest
0.42
rate.
Future value.
2,519.61
Savings
Comments
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