Thank you for your efforts, banks are using method: (Actual 365) 365/365 to calculate loans, performed by MBA's or (university professors) Phd's in numerical analysis. Can you do what they do on the HP12C? HP12C by default is performing 30/360.
I was too. I believe it calculates based on the number of decimal points you're set to. Hit f then 6 to have 6 decimal places like him and the calculations should be the same.
7:25 You don't have to re-enter n.
Just need to reset the balance to start from the beginning
Thank you for your efforts, banks are using method: (Actual 365) 365/365 to calculate loans, performed by MBA's or (university professors) Phd's in numerical analysis. Can you do what they do on the HP12C? HP12C by default is performing 30/360.
Interesting, I don’t get the numbers he’s showing, maybe this is the reason?
Thank you, great video!
Amazing video! Thank you
Thank you for sharing your knowledge
Thank you very much your video was really helpful.👍🙂
Is there any quick way to see what’s your outstanding balance is to say after 5 years or after 104 months of amortization?
Im getting slightly different numbers on the 12c platinum, off by a few cents after a year.
I was too. I believe it calculates based on the number of decimal points you're set to. Hit f then 6 to have 6 decimal places like him and the calculations should be the same.
@@tykaps6826 That would make sense. Interesting that it rounds to the displayed decimal places.
I'm also getting slightly different numbers. I'm using 6 decimals places like he is. Still can't get the numbers to match exactly.
Awesome. Thank
What if I wanted to find the interest and principal paid in the last period? (month 12 of year 30)
I had the same question. Have you found a way to find the interest and principal payed for specific months using the hp12c?