Thank you for your efforts, banks are using method: (Actual 365) 365/365 to calculate loans, performed by MBA's or (university professors) Phd's in numerical analysis. Can you do what they do on the HP12C? HP12C by default is performing 30/360.
I was too. I believe it calculates based on the number of decimal points you're set to. Hit f then 6 to have 6 decimal places like him and the calculations should be the same.
7:25 You don't have to re-enter n.
Just need to reset the balance to start from the beginning
Thank you, great video!
Thank you for your efforts, banks are using method: (Actual 365) 365/365 to calculate loans, performed by MBA's or (university professors) Phd's in numerical analysis. Can you do what they do on the HP12C? HP12C by default is performing 30/360.
Interesting, I don’t get the numbers he’s showing, maybe this is the reason?
Amazing video! Thank you
Thank you for sharing your knowledge
Thank you very much your video was really helpful.👍🙂
Is there any quick way to see what’s your outstanding balance is to say after 5 years or after 104 months of amortization?
Awesome. Thank
Im getting slightly different numbers on the 12c platinum, off by a few cents after a year.
I was too. I believe it calculates based on the number of decimal points you're set to. Hit f then 6 to have 6 decimal places like him and the calculations should be the same.
@@tykaps6826 That would make sense. Interesting that it rounds to the displayed decimal places.
I'm also getting slightly different numbers. I'm using 6 decimals places like he is. Still can't get the numbers to match exactly.
What if I wanted to find the interest and principal paid in the last period? (month 12 of year 30)
I had the same question. Have you found a way to find the interest and principal payed for specific months using the hp12c?