HP 12CP Financial Calculator

Since 1981, this has been a timeless classic. The CFA and FRM tests have an official calculator. Investment banks used to hand out these along with ID cards. How many electronic devices from the end of Jimmy Carter's presidency (with internal refreshes, of course) have a 40-year life span? I've bought these over the years not to replace broken units, but because I lose or pack them away when I change jobs. They never seem to break, and they almost never run out of batteries. I currently have two, but due to the March 2020 lockdown, I accidentally left both at work, resulting in this order!.

Ivy Decker

| Nov 24, 2021

HP12c If you're reading this, you're probably wondering the same thing I was: Is it better to get the HP12c or the TIBAII? The HP12c was recommended by one finance professor, but the TIBAII was insisted upon by another finance professor. I bought both and read the 300-page instruction manuals, and the following happened: br>br>The HP12c is sooooo much more comfortable and, more importantly, much faster for almost every calculation once you learn to use RPN (contrast with algebraic for those of you who don't know what I'm talking about). I can chain the entire equation without stopping or saving a single value if I want to calculate standard deviation. To put it another way, I never have to say, "OK, I need to write this value down (or store it) so I can call it up later when I need to add it to the next value. " This was on a statistics test, and I was the first one to complete it. I was concerned because everyone else seemed to be stuck in a rut, but guess what? Nobody wants to learn a new system, so I was the only one using the HP12c. RPN is feared by many people. Don't be: It's absolutely fantastic. br>br>On the other hand, the TIBAII's "worksheets" are actually quite useful. The HP12C doesn't come with a default bond setting of 30/360 (it can be programmed in about 40 steps according to the manual, which I'm still learning). Combination and permutation buttons are available on TIBAII for your convenience. But do you know why? As I previously stated, the HP12c allows you to chain those calculations without even thinking about it, so those buttons are unnecessary. The added functions benefit TIBAII, which uses algebraic notation. So it appears that TIBAII adds value that isn't necessary if you're using HP12c. I could go on and on. br>br>I could go on and on. Worksheets from the TIBAII make it easy to learn. proof entry and provide a few extra "useful" (discounted payback, multiple IRR, NFV-based) results (discounted payback, multiple IRR, NFV-based) results (discounted payback, multiple IRR, NFV-based) results (discounted payback, multiple IRR, NFV-based) results (discounted payback, multiple IRR, NFV-based) results ( I have a professional plus. as an illustration. ) Who should use the HP12c? br>br>Who should not use it? People who are good with numbers and want a device that can keep up with their computational instincts, according to my experience, use the HP12c. As I previously stated, you can chain together some extremely long computations in interesting ways. It won't help you if you're not that type of guy- The thing is, I believe the HP12c has the potential to transform you into that type of person. Once you've mastered the system, the possibilities are endless. The TIBAII is unquestionably a "safe" calculator. It also has a higher level of technological sophistication. The worksheets are beneficial. They provide you with useful outputs (which are, in fact, useful for the CFA). However, as any HP12c user will tell you (correctly), some of these are crutches that will cause you to forget how to do the calculations (combinations, permutations). Here's how I did it: br>br> I use the HP12c for everything I can and the TIBAII for the 30/360 bond worksheet (as well as discounted payback and a few other time-saving features on the CFA). br>br>So my goal is to always use the fastest, and to always prioritize my KNOWING a calculation-related skill. not relying on a button as a sole source of information Although the HP12c is the clear winner, the TIBAII plays a minor role on my desk. br>br>The cost of both calculators isn't prohibitively high. br>br>One last point to consider: The HP12c's design is far more fluid than TIBAII's clumsy scientific-looking layout. Look at the calculator. Every time I pick up the HP12c, I find it to be aesthetically pleasing. I've got the platinum edition, and it's fantastic. br>br>Do you have a knack for numbers? Do you require a tool to help you do so? The RPN of the HP12c is required. Like the peace of mind that comes with support? How about extra features that you don't have to figure out for yourself? You'll require the 4-piece set. 5 quick services provided by TIBAII (for example, for the CFA? TIBAII is a product that you should purchase. Are you similar to me in this regard? Do you want the RPN and the 30/360 bond worksheet at the same time? Use HP12c 95% of the time before switching to the cheaper- plastic-like sensation scientifically y y TIBAII (which, despite its flaws, is an excellent product). Last but not least: br>br> You'll never go back to algebraic after learning RPN. The fact that I'm saying it should tell you something. When I use algebraic on the TIBAII, I think to myself, "What idiot would choose this nonsense over RPN?" " I know I shouldn't, but I've come to believe that people who struggle with math should avoid RPN and the HP12c by default. Again, that is a very biased statement, but one that I continue to make despite the fact that it is biased. br>br>All right, amigos, let the debate begin.

Adriel Galloway

| Jul 15, 2021

I went to another location to purchase a used one made in the United States. It's pretty pitiful that one of HP's best-ever products is now manufactured in China and is so shoddy that the industrial strength buttons don't even work. It is the sad state of affairs in today's world. Warning: br>br> If you buy it, it might last a few months, but the keys will most likely stick soon after that. It's also a shame because the old ones seemed to last forever. It had been 15 years since I had my first one.

Sophia Bishop

| Oct 01, 2021

My original HP12C was purchased in 2003 and served me well for the next 12 years. I regret letting go of it because the rubber pads on the bottom decayed while the calculator's function remained intact. In January 2017, I upgraded to this version. Within a year, I'm already having issues where I'll hit 7 and 8 and it won't register unless I hit them really hard, which is extremely frustrating.

Sage Mahoney

| Aug 27, 2021

Some people believe that they can always use their notebook computer, tablet, or smartphone to perform all of these calculations, and that handheld calculators are unnecessary. such as the HP12C- Best of the Best are no longer relevant. Despite the fact that I've been using an HP12C for over 30 years-- So, yes, I am knowledgeable (but not elderly)- Respectfully, I disagree that the HP12C is obsolete or a dinosaur. As many a financial professional knows, it is a tool, and a very important tool. CFPs, CFOs, and CPAs are just a few examples of professionals who can help you. I'm not one of those people. I am a business litigation trial attorney who represents companies, consumers, and customers in business disputes, despite having a BBA in Finance. And I've been doing this for a long time. Damage experts were cross-examined using an HP12C to calculate damages. So that's a wrap on my personal life. The HP12CP is a high-performance computer. Platinum version 2 with black keyboard face (do not get the silvery keyboard face-- too many bugs and flaws have been reported) and a larger 2- Compartment for CR2032 batteries- In my opinion, it's a wise investment. While it is not as fast as the new HP12Cs (and 30th Anniversary Limited Edition) with the blazing fast Atmel ARM processor, the Platinum (despite its lack of the ARM) is much, much faster than the original 12C processor, especially with TVM calcs, especially for i and IRR. In addition, the Platinum v2 (black keyboard face) has significantly more memory registers (80 cash flows versus 20 and 399 keystroke programming versus 300). The 99 and Platinum both have adjustable LCD contrast (the 12C, both old and new, does not), which comes in handy when using the programming features. And no reported bugs in the firmware of HP12CP v 2 or beyond, as far as I can tell. The 25th anniversary edition, in my opinion, goes beyond the 12CP v2 in terms of content. In addition, the HP12CP can switch to Algebraic mode when dealing with customers, experts, or witnesses who are unfamiliar with the soon-to-be more elegant and efficient RPN. Consider a regular calculator with the sign =. It's very convenient to be able to switch between both modes on one calculator and hand it to someone who isn't as familiar with RPNs. But do you really want to hand over your laptop or smartphone to make your calculations? So, if speed is your thing, you're familiar with RPN, and you already love the 12C, I strongly recommend the new (post 2011? ) The HP12C, which is powered by an ARM processor. The HP12C Platinum, on the other hand, is for those who want more memory and calc mode options, such as algebraic vs RPN, "undo," "backspace," and parenthetical functions in Algebraic mode. Enjoy!.

Freya Fuentes

| Jun 25, 2021