If youĪlready have a TI-83 or TI-83-Plus from a previous math class, these are also sufficient. It is recommended that you use either the Hewlett Packard 10BII or the Texas Instruments BA-II Plus. Before discussing either of these we canįirst review some of the basic features of financial calculators. There are also tips that will simplify your introduction to financial calculators. There are common mistakes students tend to make when first using financial calculators. In fact, it is very easy to royally screw up a problem with a financial calculator if You must realize, however, that you cannot use a financial calculator if you do not understand the fundamentalĬoncepts of the time value of money. Theįinancial calculator aids in the understanding of financial concepts in much the same way as the graphing calculator for To work through the problems more thoroughly, without the hindrance of having to manually make all the calculations. Due to the use of more "real-world" examples, students are encouraged Types of time value of money (TVM) problems. At $4.88, the HD 12c financial calculator app is also well worth the cost.The use of financial calculators allows us to work through more realistic (and typically more complicated) The creators of the HD 12c app have done an excellent job of creating a virtual calculator that exactly captures the functionality of the physical calculator. Since it is rare for many of us to go anywhere without a tablet these days, it is nice to have an app that allows us to perform advanced financial calculations without having to bring along an HP 12c calculator. When you hold a key for a couple of seconds, a help screen appears explaining the key’s use. One especially nice feature is the help screen. The app provides a number of additional features not available with the HP 12c calculator, including X, Y, Z and T register values displayed right on the screen the ability to save and load values from an SD card and landscape or portrait orientation. The keystrokes exactly mimic those of the actual calculator, so anyone who is familiar with the Reverse Polish Notation ( RPN) used with the 12c calculator will be right at home with this app. Mathematical functions include power, square root, natural logarithm and exponential, fractional, integer, reciprocal, and factorial. For business and finance features, the app employs time value of money, amortization, bond prices and yield to maturity, register-based cash flows for calculation of net present value ( NPV) and internal rate of return ( IRR), memory for cash flows, various depreciation modes, and percentage change calculations.įor statistical functions, the calculator includes over 100 pre-formed functions, statistical analysis, standard deviation, linear regression, and forecasting by method of correlation coefficient. The HD 12c app for Android is considerably cheaper than the HP 12c ($4.99 versus $69.99 from HP), yet it fully implements all of the functionality and formulas of the HP 12c calculator.Īs mentioned, the HD 12c app offers all of the features you will find with the physical HP 12c calculator. According to Wikipedia, this is HP’s longest and best-selling product and was introduced in 1981. ![]() Anyone in the financial field is probably familiar with the HP 12c financial calculator.
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