
×InformationFix Windows 10 Update Issues
Resolve Windows 10 related issues for your HP computers or printers by HP Windows 10 Support Center

×InformationFix Windows 10 Update Issues
Resolve Windows 10 related issues for your HP computers or printers by HP Windows 10 Support Center
 HP Community
 >
 Other Products
 >
 Calculators
 >
 Same input, different answers
 Mark Topic as New
 Mark Topic as Read
 Float this Topic for Current User
 Bookmark
 Subscribe
 Mute
 Printer Friendly Page
Create an account on the HP Community to personalize your profile and ask a question
Solved!
Same input, different answers
03232018 08:24 PM
I was using the formula to get a principal balance after 8 years of payment. I entered $250,000 PV, 5.25 g(i) and then 96 (n) and FV, which should give me a $215,879.38 principal balance after 8 years of payments. It worked great for several inputs, but now I’m getting a 380,141 number. Then when I run $250,000 PV, 5.25 g(i) and 30 g(n) and PMT it gives me the correct $`380.510 and the original formula gives me $215,879.38 correct principal balance. It shows as a negative number... but I don’t care about that. I just don’t know what’s staying in the formula that it keeps alternate answers between the two numbers.
Brand new and trying to work through the manual. I’m clearing everything with the f key... but still get answers that very between the correct $215,000 number and $380,000 number with same inputs.
Solved! Go to Solution.
03242018 09:23 AM
First, I don't have a 12c Platinum to try this on, but I do have a regular 12c. I believe that shouldn't make a difference for this question, though.
Taken literally, the first part of your description does not include any provision for determining a payment, which means that PMT will be set to whatever it was when you started the problem. If you cleared everything before starting, that would be 0. In that situation, the correct FV for these inputs:
n: 96
i: 5.25 (÷12)
PV: 250000
is 380141.9892.
Data is stored into the TVM variables either explicitly by entering a number and then pressing the appropriate key (n/i/PV/PMT/FV), or implicitly by solving for the unknown. The value will stay in the TVM variables until they are either cleared as a group, solved individually, or reentered manually.
Your question then describes solving for PMT, but with a different set of variables. The order of steps here is very important. If you solve for the PMT after solving for the FV, then the PMT will be based on a different set of factors than you intended (in this case, the FV won't be 0 as it should be).
Based on your description, I'm guessing that you originally intended to solve for the PMT before the FV, not the other way around. That's the only way you could have come up with a FV of 215879.38.
That would imply that the following steps would give you the answers I believe you're expecting:
Start with cleared TVM variables
f FIN
(also make sure that you are in END mode, not BEGIN)
Part 1 (solve for PMT)
30 g n (30 x 12 = 360)
5.25 g i (5.25 ÷ 12 = 0.4375)
250000 PV
Solve for PMT: 1380.509255
Part 2 (solve for FV)
96 n
Solve for FV: 215879.3875
Note that after the above calculations are performed, the TVM variables now contain the following values:
n: 96
i: 0.4375
PV: 250000
PMT: 1380.509255
FV: 215879.3875
Any subsequent TVM calculations will be performed with the above values in place unless you change or clear them.
03242018 05:38 PM
03252018 08:13 AM
Glad to help. Give it some time, and I think you'll see that the design of the system works quite well for chaining calculations together and trying out "what if" scenarios.
If at any time you can't remember what's currently in the TVM registers, you can also press RCL then the TVM variable key that you need. This will recall the current contents of that variable to the stack.
Good luck with your new calculator!
03252018 03:34 PM
BEGIN and END modes apply to any TVM calculations that involve recurring payments (basically any time you either enter or solve for PMT).
Generally speaking, mortgages are usually END mode since the payment is paying the accumulated interest for the period. Annuities are usually BEGIN mode, since the deposits are considered to be at the beginning of each period. There can be exceptions to those rules, but just keep in mind that BEGIN/END applies to the PMT amount and you'll be OK.
Didn't find what you were looking for? Ask the community