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Which Financial Calculator?

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TabathaMcCarty

Thread Starter
Freshman Member
Joined
Apr 21, 2002
I'm a newbie. Someone suggested to me the HP 12C to invest in for a financial calculator. I found a Texas Instrument Advanced Financial calc. for less than half the price. Seems to me that it has all the needed functions. Will this do the job???
 

Wally Jones

Senior Member
Joined
Jan 23, 2002
Professional Status
Certified Residential Appraiser
State
Florida
Hi, Tabatha,

I'm not familiar with that TI model, but I'm sure if it has all the functions, it'll fit your needs just fine. I bought the HP 10B several years ago because I was too cheap to get the more expensive model, but it's been all I've needed so far. By the time you need a fancier model, you'll be rolling in the dough and able to better afford it! :D

Good luck.

Wally
 

rtubbs

Junior Member
Joined
Jan 15, 2002
It seems unAmerican for an appraiser to use anything other than the HP 12C; 'course, that's just my opinion. I've had mine for about 10 years and have only had to replace the batteries two times (and I do use it every day). I'm sure there are other cheaper machines that work just as well.
 

Jim Payne (SD)

Sophomore Member
Joined
Jan 19, 2002
I'm a newbie. Someone suggested to me the HP 12C to invest in for a financial calculator. I found a Texas Instrument Advanced Financial calc. for less than half the price. Seems to me that it has all the needed functions. Will this do the job???
Tabatha: I had previously used the HP 12C for 10 Years and then moved up to the HP 17B II which is easy to use. I have one in the Office, My Work Vehicle, My POV and in the Den at Home. They're pretty in-expensive now-a-days. I have put Batteries in only one of them the past 5 Years...

Best regards to everyone!

Jim Payne (SD) :)
 

Mountain Man

Elite Member
Joined
Jan 15, 2002
Professional Status
Certified General Appraiser
State
Georgia
I have used the TI in the past and Yes it will do the job. The problem is that no one in the real estate world uses it. So when you take classes for license or CE, all of the instructions on how to do the calculations will be for the HP. That will leave you out in left field trying to keep up (unless you really know how to use the TI). I swapped years ago because the HP has some built in features for real estate, and require fewer button punches for cash flows, loan amortization, etc. TI has been trying to break into the real estate market, but is not the most recognized. HP still has the market since they were the first to come out with bankers financial calculators. As is human nature, we are resistant to change. I highly recommend you pay the extra $$ for the HP to be on the same page in the text books when taking classes.

Mell.

P.S. I use the 10B, not the 12C. The 12C can be a little confusing and I can do calculations in half the time with the 10B. 19B is the same as the 10B, but has some programable features. The down side is many times, you can't use the 19B when taking test because it is programable.
 

Ted Martin

Senior Member
Joined
Jan 17, 2002
Professional Status
Certified General Appraiser
State
Kansas
Most of the appraisal class revolve around the HP12C. The examples in the courses will normally give you the HP12c keystrokes. However, as long as you can run what you buy you won't have a problem.
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
The first HP calculator I ever saw was in 1974, cost $500 and was RPN (Reverse Polish Notation). It is RPN which most appraisers have problems with in the 12C. I use it almost exclusively and have difficulty using anything else.

The classes are taught w/ 12 C usually. The calculator requires less steps to input numbers and chain calculates like virtually no other. But if you insist on using other calculators with equal keys, you probably are going to have problems using the 12C fast.

The first programmable scientific calculators from HP, the 10C, if I recall (which looks a lot like the 12C) took 49 steps to create a simple moonlander game. The same game on a TI-56 took 99 steps.

Terrel
 

Ted Martin

Senior Member
Joined
Jan 17, 2002
Professional Status
Certified General Appraiser
State
Kansas
I've been using HP's with RPN for so long I forgot to mention it. When you get use to RPN you wonder why they make the other kind of calulator.
 
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