44
10. For a new case press and go to step 2.
Example: Compute the amount remaining in this 5.25% account after the
following transactions:
1. January 19, 1981 deposit $125.00
2. February 24, 1981 deposit $60.00
3. March 16, 1981 deposit $70.00
4. April 6, 1981 withdraw $50.00
5. June 1, 1981 deposit $175.00
6. July 6, 1981 withdraw $100.00
Compounding Periods Different From
Payment Periods
In financial calculations involving a series of payments equally spaced in
time with periodic compounding, both periods of time are normally equal
and coincident. This assumption is preprogrammed into the HP 12C.
Keystrokes Display
CLEAR
1.191981
5.25
125
125.00 Initial Deposit.
2.241981
60
185.65
Balance in account, February 24,
1981.
3.161981
70
256.18 Balance in account, March 16, 1981.
4.061981
50
206.95 Balance in account, April 6 1981.
6.0111981
175
383.62 Balance in account, June 1, 1981.
7.061981
100
285.56 Balance in account, July 6, 1981.
3
5.56 Total interest.
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