Introduction
The calculators have turned into one of the most necessary devices in society today, especially within the financial and business sectors. The kinds of calculators that exist today include the scientific calculator, graphing calculators, and of course, the financial calculators, which are each designed specifically for a purpose. This review focused on the HP 12CP Financial Calculator and assessed its features, performance, and value for money.
Factors to Consider When Picking a Calculator
There are many factors that you should consider before deciding on a calculator that suits your requirements:
Purpose of Use- the primary function that you plan to use the calculator for, whether simple calculating, scientific calculations, financial calculations, or hurdle equating
Ease of Use- A calculator needs to be user-friendly, making it easy to read the display and have a good designed keypad.
Display- You want one that has display systems that show clearer and easier reading, mainly while doing highly complex problem-solving.
Battery Life- Check on the batteries and the type and average life of batteries and replacement availability.
Memory- This is the amount of storing memory available for keeping calculations and formulas.
Cost- Find value for money according to the features and performance of the particular calculator.
HP 12CP Financial Calculator preview
HP 12CP Financial Calculator is a favorite among finance professionals. This calculator does almost everything-from computing time values of money, loans, and payments to amortization. HP 12CP has been a phenomenal and well-designed calculator that has been in the market for over three decades, with millions sold worldwide.
This two-line-12 character LCD-display HP 12CP Financial Calculator has adjustable contrast for easy reading even in low light. Well-designed keypad is equipped with over 120 built-in functions available from business and financial to statistical and mathematical functions. The device is powered with two LR44 batteries which can last up to four years during frequent usage. The calculator also has a solid, durable faceplate constructed from metal, with proven strong construction, which guarantees long-lasting durability.
Features and Performance
The HP 12CP Financial Calculator has an extensive array of financial functions as well as functions for business functions such as time-value money calculations, amortization, cash flow analysis, bond calculations, effective interest rate calculations, internal rate of return calculations, financial statement analysis, and so on. It also has some statistical functions like mean, standard deviation, correlation coefficient, and regression analysis.
The most significant thing about the HP 12CP is that it does prove easy to use. It has a very well-designed keypad and user interface, making it fairly easy to use, and intuitive even for the novice, when operating the calculator. It also has an RPN mode, which means it allows calculations to be made faster and way much easier.
The HP 12CP Financial Calculator boasts performance speed and has accuracy in its general computations. It allows up to 400 steps and is programmed with a keystroke recording feature so users can save and retrieve keystrokes for future computations.
HP 12CP Financial Calculator: Buy it now
Comparison of the Product
While discussing a comparison between the HP 12CP and other financial calculators, it is the Texas Instruments BA II Plus and the Casio FC-200V that usually come together to form a set standard or criteria on which other calculators are judged.
The Texas Instruments BA II Plus is probably the most widely used financial calculator among the finance professionals. This device has features similar to those of the HP 12CP. They include time value of money, cash flow, and amortization calculations. The display is a little larger compared to that of the HP 12CP, and it also comes with a hard case for protection.
Nonetheless, the keyboard layout in HP 12CP pulls one of the most significant advantages in contrast to Texas Instruments BA II Plus. An HP 12CP has a more direct layout, hence much easier to work out with multistep calculations. It has an overall more commercial feel, because this tends to be important for people in the field of finance.
The Casio FC-200V should also be compared to the HP 12CP. It has a comparatively larger screen than the HP 12CP screen in addition to features such as a backlit display and a rechargeable battery. It is also comparatively cheaper compared to the HP 12CP.
The HP 12CP is ergonomically designed and more convenient for performing relatively complicated calculations. Furthermore, it has a better built quality and longer battery life as compared to Casio FC-200V.
If you are looking for a machine with versatility and reliability in terms of numerical efficiency, then the HP 12C is a perfect device. It is rich in functionality to treat complex financial assignments and quite personal in keyboard mechanisms. Although expensive compared to other financial calculators, it has excellent durability and professional design for regularly using it.
In comparison with its counterparts like the Texas Instrument BA II Plus and Casio’s FC-200V, it offers an ergonomic design along with ease of operation and of course mesmerizing feel and look to the profession. A little more expensive as compared to these other products, but worth buying for serious purposes.