![]() The processing speed is slightly slower than more modern financial calculators, however the intuitive programming logic, RPN operating system, and industry wide usage make this an essential tool for the prospective finance professional.The TV show Miami Vice is a relic of the 1980s, a weekly descent on a fancy speedboat into a pastel-colored Heart of Darkness full of sex, drugs and, worst of all, macho posturing. The HP 12c has been the industry since its introduction in 1981. The tactile feel that comes when you press the buttons also seems outdated to the touch screen generation, but this feature gives the user additional confidence during data entry. The interface is user friendly and hasn’t changed much in the past twenty years, but don’t be fooled by the dated appearance. There are 99 lines of programming available in the original 12C and 400 lines in the Platinum version.Īre there any other good reasons to buy an HP 12C? The simple logic makes programming easy and intuitive, adding to the popularity of this financial calculator. The programming logic is the same as a macro operation on a computer. ![]() It is simply in theory but takes time to adjust for those used to the AOS (2 x 2 =) sequences. To multiply two and three in RPN, the sequence is: 2 3. RPN takes a bit of time to master, but will become second nature. The 12C uses the Reverse Polish Notation (RPN) versus the more typical Algebraic Operating System. What Operating System Does the HP 12C use? The original 12C is slower than the latest and greatest model but HP has updated the 12C Platinum Financial Calculator, which retains all of the great features of the original but adds more functionality and faster processing. So the slow speed is part of the reason that the calculator has retained it’s popularity. ![]() Interestingly, HP surveys convinced the company to keep an older processor because users didn’t trust the answer if the calculator produced it quickly. A simple amortization of interest over the life of a loan can take well over a minute. High School students utilize this calculator and end up keeping it throughout their careers. Count on using this calculator for at least fifteen years but don’t be surprised if it runs for another twenty after that. Senior investment bankers typically carry the one that they bought in college around in their front pocket and if you look closely you’ll see that the color has changed slightly from wear and tear. It’s hard to say, but odds are that you’ll be able to pass a working model on to your grandchildren. How Long Will the HP 12C Financial Calculator Last? ![]() When you buy the HP 12C, it comes with a fantastic user manual full of sample calculations, tables, and charts that walk the user through examples of how to use the tool much like a textbook walks you through financial principles. It also calculates weighted average, interest, standard deviation, cash flow, and a host of other functions. The HP 12C will perform all of the basic financial calculations like Annual Percentage Rate, Net Present Value, and Internal Rate of Return quickly and efficiently. What Calculations Does the HP 12C Perform? They made it easy to use so that, with a little practice, the average person can quickly perform basic financial calculations. Hewlett-Packard created a financial calculator in 1981 that remains the industry standard and is recognized as an essential tool for any financial professional. In business schools throughout the country, in board rooms, war rooms, and on exam day for the Chartered Financial Analyst certification, the HP 12c is the most widely used financial calculator.
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