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Hp 12c Simple PV - Ramused - 10-29-2014 07:00 PM
Hey guys i have been trying to calculate a simple PV and it just doesn't work ! i found this post here but for some reason my results are different, ay idea ? http://www.hpmuseum.org/cgi-sys/cgiwrap/hpmuseum/archv018.cgi?read=131585 FV=1.500 N=1.5 i=6% pv= ? should be 1,376.15 But im getting 1,373.88 Thanks =D RE: Hp 12c Simple PV - Gene - 10-29-2014 07:48 PM
Define "should be" :-) Excel gives $1,374.46 to =PV(0.06,1.5,0,1500) That's what the 10bII+, 17bII+, and the 12c in "C" mode (press STO EEX and solve this on the 12c). So, I'm guessing this must be a TI model that has defined "should be" ? Again :-) Partial periods require more information in order to solve them. Can you get Excel to give the 1376.15? If so, by what formula ? That will help us know how to help. All questions are good, hence the smileys here. RE: Hp 12c Simple PV - Ramused - 10-29-2014 11:04 PM
(10-29-2014 07:48 PM)Gene Wrote: Define "should be" :-) Using the Formula P=s/(1+rt) So, P=1500/(1+(0.06*1.5)) P=1,376.15 And also if you checked up the link for the other Post, they say how to do it, but i still got different numbers, even doing the same steps Franz, i need to do that on my calculator =/ RE: Hp 12c Simple PV - Gene - 10-30-2014 02:47 AM
aha. That's simple interest. The financial calculators use compound interest for n > 1. For example, using P = S / ( 1 + r x t ) for t = 5 years, you would have P = 1500 / ( 1 + 0.06 x 5 ) or 1153.85. I am not aware of any financial calculator that handles simple interest built-in for situations where n or t in this case is > 1. Sorry! You'll have to do it by hand or write a short program. Store S in 00, Store r in 01, Store t in 02 and then as a program: RCL 01 RCL 02 x 1 + RCL 00 X<>Y / GTO 00 would solve the present value in a simple interest circumstance. RE: Hp 12c Simple PV - Thomas Ritschel - 10-30-2014 09:31 AM
(10-30-2014 02:47 AM)Gene Wrote: aha. That's simple interest. For simple interest you could just use the following: n = 1 i = 9 (= 6*1.5) FV = 1500 Pressing PV should yield the requested -1376.15. RE: Hp 12c Simple PV - Ramused - 10-30-2014 12:55 PM
(10-30-2014 09:31 AM)Thomas Ritschel Wrote:For some reason it worked this time! I was trying to follow the link that i posted but i wasnt getting the same results((10-30-2014 02:47 AM)Gene Wrote: aha. That's simple interest. And i would guess that there is no way to calculate simple n and i , right ?! Thanks a lot for the help guys! D |