Great video, I have learned a lot with my new HP12c. At 4:20, for 12C, should key in 0 for n instead of 1 then 12 for Amort. Otherwise the n for the first 12 months will become 13.
1:57 use the percent features and RPN power of the 12c to calculate the mortgage amount after a down payment! Enter the 250,000 then 20 and the '%' key. That is the down payment made. Since 250,000 is still in the calculator's Y register simply pressing '-' will subtract the amount on the display from the 250,000. I know that this example is simple and you can do the method seen here but what if your down payment is a odd percentage and doing mental math is not possible? Use the calculator's percent function, that is what it is there for.
If I type in .33 as interest and enter all the other numbers I get a payment of $950.22. But if I divide 4% by 12 and enter it I get the correct amount? Why is this? You can't enter .33 as the interest rate?
Great video, I have learned a lot with my new HP12c.
At 4:20, for 12C, should key in 0 for n instead of 1 then 12 for Amort. Otherwise the n for the first 12 months will become 13.
1:57 use the percent features and RPN power of the 12c to calculate the mortgage amount after a down payment! Enter the 250,000 then 20 and the '%' key. That is the down payment made. Since 250,000 is still in the calculator's Y register simply pressing '-' will subtract the amount on the display from the 250,000. I know that this example is simple and you can do the method seen here but what if your down payment is a odd percentage and doing mental math is not possible? Use the calculator's percent function, that is what it is there for.
Wonderful! Thank you!
Fantastic content Gents. Keep them coming.
very helpful. Thank you
Why isn't it double dipping to apply the inflation rate to both the college future cost and then reduce inflation from the rate of return?
Thank you!!!!!
If I type in .33 as interest and enter all the other numbers I get a payment of $950.22. But if I divide 4% by 12 and enter it I get the correct amount? Why is this? You can't enter .33 as the interest rate?
4/12= 0.3333333333. I think 0.33 is not accurate enough.