Module 17 Financial Calculations

Question 1

There are 5 keys located at the top of the HP calculator, which are used to perform financial functions

Answer 1

Number of payments N

Periodic rate as a percent i

Present Value PV

Periodic payment PMT

Future value FV

Question 2

If you are working with cash flows on mortgage payments, either the PV or the PMT must be

Answer 2

a negative number

Question 3

On the HP, enter a number, and then press the ____ key to make it negative

Answer 3

CHS

means change sign

Question 4

to clear the financial register before beginning calculations press

Answer 4

f REG(CLX)

Question 5

From the investor’s position, mortgage payments are a negative cash flow, whereas thy are _____ from the lender’s position

Answer 5

Lenders

Question 6

The “n” amort button will calulate

Answer 6

the number of payments