HP 12C Financial Programmable Calculator User Manual Page 153

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152
FC = (G - AMT - CL)
Rule of 78's Rebate
PV = finance charge.
I
k
= interest charged at month k.
n = number of months in loan.
BAL
k
= (n - k) x PMT - Rebate
k
Skipped Payments
A = number of payments per year.
B = number of years.
C = annual percentage rate as decimal.
D = periodic payment amount.
E = loan amount.
K = number of last payment before payments close the first time.
L = number of skipped payment.
Savings
l
k
2n k 1+()
nn 1+()
------------------------------ P V=
Rebate
nk()l
k
2
---------------------=
D
END
E
11
C
A
----+


AB
-------------------------------------------
1
C
A
----+


A
1
C
A
----
1
C
A
----+


A
1
C
A
----+


A
K 1
C
A
----+


A
L
K
1+
---------------------------------------------------------------------------------------------------------
×=
D
BEGIN
D
END
1
C
A
----+
---------------=
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