Re: HP 12c Message #4 Posted by Jim Creybohm on 19 July 2007, 1:28 p.m., in response to message #1 by Ryan M. Lauper
One possible source of your wrong answers could be the fact that BEGIN was in the display. If I recall correctly (don't have the manual), begin refers to the date at the BEGINning of the pay period, or the END of the pay period.
For example, if you are calculating your mortgage payments, you could carry an extra month's interest at say 150 000 dollars at say 6%, because you choose to make the payment at the END of your interval.
EG w/ BEGIN FV=0, PV=150 000, n=25*12, i=6/12 PMT=-961.64
w/ END PMT=-966.45
Hope this helps a little bit.....
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