Hp 12c Simple PV

[Gene]

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.