Question about HP 12c Calculator

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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?

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  • HP Master
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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

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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

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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

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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

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Posted on Jan 02, 2017

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Are There Any Fees When I Apply For A Business Loan?


The interest rate you will pay on your Business overdraft is linked to the Bank of England Bank Rate, which may change from time to time.
Based on our assessment of your individual circumstances, we may offer you a rate of 10.31% per annum (10.06% plus the current Bank of England Bank Rate). This is correct as at 4th August 2016.
If it is not prearranged, the Unauthorised Borrowing Interest rate is 26.4%.
The unauthorised borrowing interest rate has been effective from 01/08/2005 and was last reviewed on 09/03/2009.

The Unauthorised Borrowing interest rate is not linked to the Bank of England Bank Rate and can be changed by the bank at any time. In accordance to account terms and conditions, notice will be provided for changes to the unauthorised borrowing interest rate.

You'll pay an arrangement fee of up to 1.5% on your overdraft, which is related to the amount you borrow. We'll also discuss the terms with you before any overdraft is taken out.

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What are the Different Types of Mortgages

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Here is a very basic outline of some of the main types of mortgages that are available.

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Which home loan is better: Long term or Short term?


A home loan is always considered to be a good debt. So, longer home loan tenure is going to benefit the applicants more. An applicant who is apply for a home loan online, you enjoy the benefit of tax deduction for the entire tenure of the loan.
In case of short term home loans, your house loan EMI amount will be pretty high, so you may not be able to afford it. But you have to repay less to the lender. But in case of long run, your per month repayment will be less and affordable, but you will end up paying much more than what you have actually taken as loan. Your principal amount and your repayment amount will have a huge difference.

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What Are The Interest Rates I Can Get On Business Loan?


With so many different business loans now available, it is now much easier for an individual to get a business loan as per his/her specific requirement. The interest charged on business loans in India ranges between 8% and 18%.Make sure that you fulfill the pre-conditions of the bank before you apply for the loan to get the best deal.

When you apply for a business loan, the bank will go through the financial history of your business, your credit score, age, turnover, loan amount, tenure, etc. On the basis of these, they will let you know whether or not you qualify for the loan and at what rate the loan will be offered if you do qualify. So, it is better to shop around for a while to search for the best interest rate.
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What is the low interest rate a consumer can get on any type of loan?


If you apply for a secured loan, your rate of interest will be less. However, it will depend on your requirement. If you want to get a loan, then you can apply for a personal loan with low interest rate. If you have a fixed deposit, you can go for a fixed deposit loan. If you own any property, you can get loan against that, or against your shares or even against your gold. These are all secured loans and their rate of interests will be lower than any other loan.

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Why Is An interest Rate Required If Borrowers Are Told The Dollar Value Of The Loan?


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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.

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