Question about HP 12c Calculator

1 Answer

Roll To Unknown Interest Rate

Clients claim to not know their current interest rate while talking about a new refinance. I have the term, loan amount and payment. What is the process to "roll" to the rate to find out what the rate is for a apples to appels comparison?

Posted by on

1 Answer

  • Level 3:

    An expert who has achieved level 3 by getting 1000 points

    One Above All:

    The expert with highest point at the last day of the past 12 weeks.

    Top Expert:

    An expert who has finished #1 on the weekly Top 10 Fixya Experts Leaderboard.

    Superstar:

    An expert that got 20 achievements.

  • HP Master
  • 98,816 Answers

Enter the number of payments and press "n". Enter the monthly payment as a negative number and press "PMT." Enter the amount of the loan and press "PV." Press "i" and see the interest rate.

Posted on Sep 03, 2013

5 Suggested Answers

  • 98816 Answers

SOURCE: How do I get monthly payment with present amount

In any order, enter loan amount followed by PV, number of months followed by N, interest rate followed by i. Then press PMT.

If you need a manual, you can download one from
http://h10025.www1.hp.com/ewfrf/wc/manualCategory?product=81575

You can also download training modules at
http://h20331.www2.hp.com/Hpsub/downloads/12c.zip

Posted on Feb 22, 2011

  • 98816 Answers

SOURCE: I need to determine the interest rate given the

8 5 0 0 0 0 PV 1 0 0 0 0 0 0 CHS FV 2 n i

The loan seems rather usurious. Are you sure it's not a two-year loan (twenty-four months)? That brings the interest rate down into a reasonable range.

Posted on Feb 22, 2011

  • 98816 Answers

SOURCE: borrowed 18ooo-repay loan equal monthly payments

Once you're in the TVM solver:
On the top line (N=) type in 5 * 12 ENTER for five years of month payments.
On the I% lline type in 5.5 / 12 ENTER for the month interest rate.
On the PV line type in 18000 ENTER
Make sure the FV is 0 and END is highlighted on the bottom line.
Move the cursor to the PMT line and press ALPHA [SOLVE] (that's ALPHA ENTER) and see -343.82 for the monthly payment.

Posted on Feb 19, 2010

ZJLimited
  • 17970 Answers

SOURCE: using an older EL-533.

Sharp does not have the manual for the EL-533, but there is one for the EL-531 (click the link to go). It's very close and similar.

For some reason they just don't have the EL-533 on site.

Hope this helps (remember to rating this free answer leave some testimonial comments).

Posted on Oct 08, 2011

6ya6ya
  • 2 Answers

SOURCE: I have freestanding Series 8 dishwasher. Lately during the filling cycle water hammer is occurring. How can this be resolved

Hi,
a 6ya expert can help you resolve that issue over the phone in a minute or two.
best thing about this new service is that you are never placed on hold and get to talk to real repairmen in the US.
the service is completely free and covers almost anything you can think of (from cars to computers, handyman, and even drones).
click here to download the app (for users in the US for now) and get all the help you need.
goodluck!

Posted on Jan 02, 2017

Add Your Answer

Uploading: 0%

my-video-file.mp4

Complete. Click "Add" to insert your video. Add

×

Loading...
Loading...

Related Questions:

1 Answer

If I know how much the payment is and the length of the loan how can I calculate the percentage I am paying?


A=P((1-(1+r)^(-n))/r, where A is the present value of the annuity, or the amount of the loan, P is the periodic payment, r is the interest rate per period, and n is the number of periods. In this case, I assume the payments are monthly, so n would be 36. You mentioned that you already have A and P. However, solving for r algebraically is not that easy because it is in two places on the right hand side. However, you can make a table and put in interest rates to make both sides equal. Remember to multiply this answer by 12 to get the annual interest rate.

For example, if the payment is $100, and the amount of the loan is $2,766.07, and the number of periods is 36, what is the interest rate.

r Calculate Actual Difference
0.010 3010.75 2766.07 -244.68
0.011 2959.42 2766.07 -193.35
0.012 2909.33 2766.07 -143.26
0.013 2860.42 2766.07 -94.35
0.014 2812.68 2766.07 -46.61
0.015 2766.07 2766.07 0.00
0.016 2720.55 2766.07 45.52
0.017 2676.11 2766.07 89.96

You can see from the chart that the value of r of 0.015 makes the difference 0, so the periodic interest rate is 0.015 or 1.5%. We need to annualize this by multiplying by 12 and we get an annual interest rate of 18%.

Good luck,

Paul






Annuity Payment PV

Aug 15, 2016 | Office Equipment & Supplies

1 Answer

Change in amortization of loans due to interest rate changes


Put in all of the other data (present and future value, etc). Put in the new interest rate and press the I/Y key. Press CPT then the N key to see the new number of periods.

Jan 03, 2013 | Texas Instruments BA-II Plus Calculator

1 Answer

How do I get monthly payment with present amount and interest rate, on a HP 12c dinosaur?


In any order, enter loan amount followed by PV, number of months followed by N, interest rate followed by i. Then press PMT.

If you need a manual, you can download one from
http://h10025.www1.hp.com/ewfrf/wc/manualCategory?product=81575

You can also download training modules at
http://h20331.www2.hp.com/Hpsub/downloads/12c.zip

Feb 09, 2011 | HP 12c Calculator

2 Answers

Borrowed 18ooo-repay loan equal monthly payments in the next 5 years.how much are monthly payments if interest is 5.5% compounede monthly-how much will pay in interest over the term of loan-how do i set...


Once you're in the TVM solver:
On the top line (N=) type in 5 * 12 ENTER for five years of month payments.
On the I% lline type in 5.5 / 12 ENTER for the month interest rate.
On the PV line type in 18000 ENTER
Make sure the FV is 0 and END is highlighted on the bottom line.
Move the cursor to the PMT line and press ALPHA [SOLVE] (that's ALPHA ENTER) and see -343.82 for the monthly payment.

Jan 17, 2010 | Texas Instruments TI-83 Plus Calculator

1 Answer

Monthly interest Rate is 1.5% and the factor for 24 is .5666667


The actual interest rate is 36%. (1.5*24). Where did you get the 0.5666667 from 24/36 is 0.6666667.



Please remember to rate this answer.

Dec 10, 2008 | Office Equipment & Supplies

2 Answers

Loan Balance


set your p/y to 12( compounding periods per year). I think you are calculating for a one year loan?

Nov 18, 2008 | Texas Instruments BA-II Plus Calculator

1 Answer

Present value of a loan


The present value of any future monthly (?) stream of payments stretching some 24 years into the future takes into account the time value of money and depends on the interest rate assumed to apply for each month throughout those 24 years.

There are formulae to calc this for an equal monthly payment and a constant interest rate, over the term but for a variable interest rate you need a spreadsheet.

In the simple case of zero interest assumed throughout the term, present value = current principal balance, but for any positive interest rate, the total present value of the future payment stream is less than the current principal balance.

Oct 06, 2008 | Texas Instruments TI-30XA Calculator

Not finding what you are looking for?
HP 12c Calculator Logo

Related Topics:

96 people viewed this question

Ask a Question

Usually answered in minutes!

Top HP Office Equipment & Supplies Experts

Vinaya Kumar...
Vinaya Kumar...

Level 3 Expert

1121 Answers

Seeker5211
Seeker5211

Level 3 Expert

1088 Answers

kakima

Level 3 Expert

98816 Answers

Are you a HP Office Equipment and Supply Expert? Answer questions, earn points and help others

Answer questions

Manuals & User Guides

Loading...