Odd-Period Calculations - HP 12C Platinum Owner's Handbook Manual
And problem-solving guide
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- User manual (288 pages) ,
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fCLEARG
2gA
6.25gC
50ÞP
g×
M
Example 3: Property values in an unattractive area are depreciating at the rate of
2% per year. Assuming this trend continues, calculate the value in 6 years of
property presently appraised at $32,000.
Keystrokes
fCLEARG
6n
2Þ¼
32000Þ$
M
Odd-Period Calculations
The cash flow diagrams and examples presented so far have dealt with financial
transactions in which interest begins to accrue at the beginning of the first
regular payment period. However, interest often begins to accrue prior to the
beginning of the first regular payment period. The period from the date interest
begins accruing to the date of the first payment, being not equal to the regular
payment periods is sometimes referred to as an "odd first period". For simplicity,
in using the HP 12C Platinum we will always regard the first period as equal to
the remaining periods, and we will refer to the period between the date interest
begins accruing and the beginning of the first payment period as simply the "odd
Section 3: Basic Financial Functions
Display
Calculates and stores n.
24.00
Calculates and stores i.
0.52
Stores PMT (with minus sign for
–50.00
cash paid out).
Sets payment mode to Begin.
–50.00
Balance after 2 years.
1,281.34
Display
Stores n.
6.00
Stores i (with minus sign for a
–2.00
"negative interest rate").
–32,000.00 Stores PV (with minus sign for cash
paid out).
28,346.96 Property value after 6 years.
51
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