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Hire purchase. A hire purchase (HP), [1] also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time.
The HP-12C is a financial calculator made by Hewlett-Packard (HP) and its successor HP Inc. as part of the HP Voyager series, introduced in 1981. It is HP's longest and best-selling product and is considered the de facto standard among financial professionals.
Mortgage calculators are frequently on for-profit websites, though the Consumer Financial Protection Bureau has launched its own public mortgage calculator. [ 3 ] : 1267, 1281–83 The major variables in a mortgage calculation include loan principal, balance, periodic compound interest rate, number of payments per year, total number of payments ...
An amortization calculator is used to determine the periodic payment amount due on a loan (typically a mortgage), based on the amortization process.. The amortization repayment model factors varying amounts of both interest and principal into every installment, though the total amount of each payment is the same.
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HP-19B, introduced on 4 January 1988, along with the HP-17B, HP-27S and the HP-28S, and replaced by the HP-19BII (F1639A) in January 1990, [2] was a simplified Hewlett Packard business model calculator, like the 17B. It had a clamshell design, like the HP-18C, HP-28C and 28S. [3]
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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.