Re: Calculator Question
- From: "Veli-Pekka Nousiainen" <DROP_vpn@xxxxxx>
- Date: Mon, 25 Jul 2005 17:52:47 +0300
"bennyandthejets" <bennyandthejets@xxxxxxxxx> wrote in message
news:1122301281.153410.60200@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
>I have a new financial calculator, and I want to calculate what a
> payment would be for a $25,000 piece of equipment, at 7.5%, over 5
> years (60 months). Can someone tell me how to punch in the correct
> functions to result in the correct payment. I have the PV, N, I, PMT,
> and FV functions. Thanks!
I hope it's a HP-12C Platinum (RPN mode ON)
0 [FV] Future Value
25000 [PV] Present Value
60 [n] number of payments (equally spaced) months here
{alternatively use 5 [g] [n] to multiply by 12}
7.5 [g] [i] for interest for one payment period (a month)
[PMT] starts calculation
If it doesn't work or does - tell us
VPN
.
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- Calculator Question
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