Finance in Prime: odd period...

[salvomic]

(05-21-2015 08:39 PM)Terje Vallestad Wrote:  Salvo,

I do not think you are making 36.53 month's payments, but are borrowing the monies for that duration. So at the start of the 36 month period you need to add the accrued interest for 16 days which is 4500x0.05/12*16/30 -> 10

So using N=36, PV=-4510 and I=5% you arrive at PMT= 135.17

Cheers, Terje

hi Terje, ok, but see the example above (and here, page 64).
36.53 is a mode typic of HP 12C to tell the calc that there are odd periods, not a real period...
You're right about the calc, and in fact I would like to have the calculation made ...by the Prime