HP 12C Platinum Calculator

Product Information

The technology of the HP-12C is old enough that HP have several times wished to stop making it - by increasing the price and by introducing alternatives. Sales actually went up following one price rise, and the OmniGo 100 and 120, with a full HP-12C built into them, have been discontinued while the HP-12C continues to sell well. It is now made for HP by a subcontractor, with all the circuitry reduced to a single chip - but it is still made. Although Reverse Polish Notation (RPN) – the HP12C’s mathematical notation – may initially take some getting used to, it offers some advantages over non-RPN devices. original 12c Platinum model: 7…20 ( R0… R9/ CF0… CF9, R.0… R.9/ CF10… CF19) + 5 ( n, i, PV, PMT, FV) + 11 ( CF20, CF21… CF30) + 5 ( X, Y, Z, T, LAST X); [17] In the above example, if you wished to find the IRR, you would key [f] IRRinstead of [f] NPVafter entering all cash flows. Remember to use correct cash flow sign conventions be used (use opposing signs when cash is flowing in vs out), otherwise your answer will not make sense!

A final interesting detail is that the horizontal layout and metallic edging came about because the display was found to break when prototype vertical Voyagers were dropped - so the display was placed horizontally - leading to a horizontal layout for the HP-12C - and giving HP their most successful stopgap product ever. Nut core (HP 1LF5 / HP 1LM2 / HP 1LQ9 / HP 1RR2 / Agilent/ Marvell 2AF1 [1]) / ARM7TDMI core ( Atmel AT91SAM7L128 [1]) / ARM Cortex-M4 core ( Atmel ATSAM4LC2CA [2]) The metallic bezel is now platinum in colour rather than gold and there is four times the amount of memory for programs. There are a couple of new software features added, most notably the ability to use arithmetic mode rather than RPN and the somewhat more minor addition of x 2. You can see this as a relatively inexpensive financial calculator that performs all basic financial calculations (e.g., IRR and NPV). This calculator is good enough for any financial course and the CFA exam. Pros User-friendly: Most people are generally pleased with the display and the design of this CFA calculatorEnter the annual interest rate, 2, followed by [g] 12÷to convert to the monthly rate and automatically store the value.

There are two specific models of this calculator that are approved for the CFA — the Texas Instruments BA II Plus and Texas Instruments BA II Plus Professional. What is the difference between the BA II plus and the professional version? If a TVM problem uses monthly compounding as was the case in the above example, the HP12C has keys which make the calculation more convenient: The HP12c Platinum is similar in appearance and functionality to the 12C, and is designed to mimic the 12C whilst extending its capabilities in various aspects. The calculator was introduced in 2003, is visibly distinguished by its silver-colored upper half as opposed to the gold-colored plate on the original 12c. There are six variants of the HP12c Platinum (including two special issues). While the TI BA II plus may require more keystrokes to perform calculations like the NPV, the extra 0.5 seconds longer it takes to complete the computation will not make any difference in your exam. a b Furr, Richard (2003-01-22). "HP Calculators by Date of Introduction". The Calculator Reference.If a problem uses annual compounding, all that is necessary is to key in the number of years or annual interest rate followed by [n] or [i], respectively. Note: Hitting [f] REGwill clear the storage registers. You may also overwrite a single stored register by storing a new value in the register. Enter the number of years, 5, followed by [g] 12xto convert to monthly periods and automatically store the value The HP-10C is the last and lowest-featured calculator in this line, even though its number would suggest an earlier origin. The 10C was a basic scientific programmable calculator. While a useful general purpose RPN calculator, the HP-11C offered twice as much for only a slight increase in price. Designed to be an introductory calculator, it was still costly compared to the competition, and many looking at an HP would just step up to the better HP-11C. Poor sales led to a very short market life, making it one of the most difficult of the series to find today.

No, there isn’t one specifically for Level 1. You can use the same one for all three levels of this exam. 2. Can I bring a financial calculator other than TI BA plus or HP 12C? Always ensure that you’ve correctly set your calculator to either beginning or end of period based on when cash flows occur. Beginning will be identified on the screen, end will not. To switch to beginning mode, use the following keystrokes [g] BEG The HP Voyager series calculator are keystroke programmable, meaning that it can remember and later execute sequences of keystrokes to solve particular problems of interest to the user. These keystroke programs, in addition to performing any operation normally available on the keyboard, can also make use of conditional and unconditional branching and looping instructions, allowing programs to perform repetitive operations and make decisions. Peterson, Kristina (2011-05-04). "Wall Street's Cult Calculator Turns 30". WSJ. Archived from the original on 2011-05-05.Once you’ve developed basic knowledge of RPN, you may find its format more practical particularly for TVM problems on the exams. Research has also shown that the HP 12C could be faster and more accurate for candidates to use. a b Without DSZ/DSE (Decrement and Skip) and ISZ/ISG (Increment and Skip) writing loops is difficult.

Less exam-based support. Because the BA II Plus calculator is much more widely-used among CFA candidates, this can mean that you may not, for example, get HP12C-specific calculator examples with your provider. You may also find that there are less candidates to ask and discuss any keystroke-related issues you may have. To perform a calculation requiring parenthesis such as: (3 + 4) x (5 + 6), you would key the following: For the really paranoid, we suggest that you bring two calculators instead (that’s right — quite a few candidates do that 😉 ) Get these CFA Calculator Discounts before It’s Too Late! Recommended CFA Approved Calculator: TI BA Plus The HP-12C is so popular that emulators are available on many platforms including the HP48 series, PC and iOS. Windows HP-12C EmulatorIf you haven’t gotten one yet, the TI BA II Plus is really the best calculator for the CFA exam. It is much easier to use and more affordable.