Introduction
All calculators are essential corporate and school use devices.Basic to finance and engineering, the use of calculators has become integral in solving complex numbers, equations, and calculations. The HP 12C Platinum Calculator is a complete fitness pack for financial professionals and students alike for extensive and powerful financial functions and reliable performance. This review will provide an in-depth analysis of the HP 12C Platinum Calculator, its distinctive features, bonuses, cons, and everything else that helps determine if this is the type of calculator that’s the best fit for you.
Things to Keep in Mind While Choosing The Calculator
While choosing one, there are various points to consider so that you may opt for the fine one according to your requirements. Here are some things:
Purpose of Use: The first thing you need to look for while buying a calculator is the purpose of use. For what purpose is the calculator needed? Is it for doing basic math-related functions, or will it be put into use for advanced calculations for finance or engineering?
Usage Ease: A calculator is very easy to use, especially for a student or someone who would normally use it. It is better to go with those kinds of calculators that have very easy key layouts and displays that are easy to read.
Display: The other important aspect that one should consider is the display of the calculator. Clear and easily seen display is important especially on working with some complex equations and calculations.
Battery Life: Battery life is a consideration for someone who uses their calculator often. Try to select a long battery lifespan in-built calculator or find a rechargeable battery option.
Memory: The very foundation of a calculator lies in its memory, wherein it saves the equations and calculations, especially for a person who deals with complex equations and data sets.
Expense: The last one they consider is the price of the device. Some of them are already advanced and cost more. However, the end user cannot afford that.
Prominent Features of HP 12C Platinum Calculator
HP 12C Platinum Calculator is one of the most powerful financial calculators and well suited for the most advanced applications of financial professionals. Some of its features are as follows:
130 built-in functions including advanced financial functions like the Time Value of Money (TVM), the Net Present Value (NPV), and the Internal Rate of Return (IRR).
99 registers to store equations and calculations for recalling previous calculations easily.
RPN (Reverse Polish Notation), is a unique input method to make data entry easier.
Two lines with adjustable contrast for reading complex equations and calculations.
Long-lasting with a single CR2032 battery or double LR44 batteries.
Long-term memory; can run with one CR2032 battery or two LR44 batteries.
As sleek and durable as it could get-topped up with a metal faceplate and rubber feet-stabilizing itself on any surface.
HP 12C Platinum Calculator: Pros and Cons
Like anything else in life, the HP 12C Platinum Calculator has its pros and cons. Here are some of the pros:
Advanced financial functions: The HP 12C Platinum Calculator is made for a person in the finance world. It includes advanced financial functions like TVM, NPV, and IRR. These would include every possible operation in financial analysis and planning.
RPN mode: The RPN mode in the HP 12C Platinum Calculator makes data input or perhaps even calculation more efficient, especially when it comes to complicated and difficult calculations.
A hard, long-lasting, reliable option: The metal faceplate and rubber feet of the HP 12C Platinum Calculator make it a very hard long-lasting option for places with frequent use.
Batteries can last for a long time: This calculator has a lifetime less than that, because it can last with only one CR2032 cell or two LR44 cells.
Product Comparison
For a side-by-side comparison between the HP 12C Platinum and other financial calculators in the market, let us weight its features and pricing against the Casio FC-200V as well as the Texas Instruments BA II Plus.
The Casio FC-200V possesses nearly the same features as the HP 12C Platinum, that is, financial calculation and time value of money calculations. This is wider by display screen than the HP 12C Platinum. It makes reading easier. The functions include currency conversion, cost, sell, and margin calculations. It lacks, on the other side, the durability and battery life of the HP 12C Platinum. The Casio FC-200V is also cheaper than HP 12C Platinum, making it a better option.
Texas Instruments BA II Plus- another quite popular financial calculator- offers more functionalities than both the HP 12C Platinum and the Casio FC-200V. The additional features cover depreciation calculations and amortization schedules. It also has a larger display screen than the HP but smaller than the Casio. The battery life is somewhat similar to that of the HP 12C Platinum, but durability is compromised. As unexpensive as it is, the unit is priced lower than the HP 12C Platinum but is still more expensive than the economical Casio FC-200V.
Conclusion
The HP 12C Platinum is a highly efficient financial calculator packed with numerous features for professionals within the finance industry. Its durability, long-life battery, and good processing speed make it a very reliable as well as efficient tool for financial calculations. Apart from its customizable keyboard, the large capacity of the memory also helps to meet the needs of highly specialized functions.
For some people; the higher cost is likely going to be a deterrent especially when they do not need the extra things which the Platinum model offers. The Casio FC-200V is a worthy alternative less costly to platinum and offers pretty much the same services. For those needing a wider range of functions, then, the Texas Instruments BA II Plus would be considered but its price is not justified to those who do not need such functions.
Finally, it comes down to the financial calculator based on what a particular individual may require or want. If one requires an effective and comprehensive financial calculator, then the HP 12C Platinum would be an excellent consideration.
HP 12C Platinum Calculator: Buy it now