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HP12c Credit Card Payment Calculation
01-25-2018, 04:19 AM
Post: #5
RE: HP12c Credit Card Payment Calculation
(01-25-2018 03:59 AM)acapde Wrote:  Hi,

I doubt that the built-in TVM function of any business/financial calculator can solve that, at least presented that way.

Being the HP12 a programmable calculator, I would program a loop that calculates each time the payment and the interest added to the capital till the capital is 0 (or less than zero), the number of iterations is the number of periods required to pay the debt off… knowing the credit card companies, it would likely be an infinite loop Smile

This is the way I’d do it, however there might be better ways of achieving it.

Hope it helps.


Thanks, I'll see if I can figure out a way to do that.
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RE: HP12c Credit Card Payment Calculation - vrenaut74 - 01-25-2018 04:19 AM

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