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HP Selling certification

chuffed fortieth Anniversary to the long-lasting, timeless HP 12C monetary calculator! | HP2-K23 Cheatsheet and test Questions

Pictured above is the HP 12C monetary Programmable Calculator, available from the Hewlett-Packard web site for $69.99. What makes this calculator totally exciting amongst all buyer digital products is that it become first delivered by means of HP forty years ago at a retail cost of $one hundred fifty (more than $450 in nowadays’s dollars) in 1981, and yet even today is considered to be a principal, up to date, “state of the paintings” product for economic experts, CPAs, monetary analysts, loan brokers, genuine estate brokers, investors, and finance professors. I actually have used HP-12C financial calculators on a daily groundwork when you consider that the Nineteen Eighties and currently personal five of them: two usual 12C models, one twenty fifth Anniversary models (launched in 2006), and two “Platinum” HP 12C models (sells for $seventy nine.ninety eight and has more processing energy and space for storing than the typical HP 12C, and additionally facets both Reverse Polish Notation (RPN) and Algebraic entry modes – greater on that difference beneath). Now that it’s 2021, and when you consider that I couldn’t find any one else who has performed so already, let me be among the many first to say “happy fortieth Anniversary, HP 12C economic Calculator.”

in case you aren’t convinced that the HP-12C monetary calculator is probably the only customer electronic product from 1981 that is still crucial and up to date after 35 years, browse a 1981 Radio Shack catalog here (check out the telephones, stereo device, reel-to-reel tape decks, cassette gamers, moveable stereo techniques, eight-track tape players, phone answering machines, television antennas, radios, calculators, “microcomputers,” typewriters, and so forth.) and see if you can discover some other consumer electronic purchasable in 1981 that continues to be considered relevant and updated today! if you can locate an illustration, I guess there won’t be very many!

To get an idea of how tons consumer electronics have superior in the final 40 years in both high-quality advancements and cost declines, the 1981 Radio Shack catalog aspects the “one of the best” microcomputer for an “unbelievably low fee” of $three,450 and a dot-matrix printer for $1,960 on p. 172, see photo under. In these days’s greenbacks, the desktop would can charge $10,500 and the printer would cost $6,000.

listed below are some linked links concerning the HP-12C fiscal Calculator:

1. basically fifteen years in the past in the very early days of CD, I wrote a submit about the twenty fifth anniversary of the HP-12C in 2006, right here’s an excerpt of that post:

The goal of setting up the HP-12C turned into to have a sophisticated programmable financial calculator, that could be small adequate to slot in a shirt pocket, would have long battery life and would meet the HP “drop test” – the potential to resist a fall from a laptop onto a concrete ground. HP worked with a team of researchers who had Ph.Ds in numerical analysis, arithmetic, electrical engineering, and computer science to strengthen the 12C.

The decision become made, for the gold standard mathematical and computational efficiency, to make use of RPN (Reverse Polish Notation) for facts entry (with out a want for Equal key on the calculator), as an alternative of the traditional algebraic entry (which makes use of an Equal key on a standard calculator). as an example, instead of 2 + 2 = 4 (algebraic entry), RPN entry could be: 2 ENTER KEY 2 + (the mathematical operation comes last). besides the fact that children mathematicians and engineers were at ease with RPN, HP become involved that finance experts would have challenge accepting RPN, however the calculator grew to be a huge success among the many finance crowd, and is still used extensively these days.

2. additionally in 2006, HP had a backgrounder on the HP-12C titled “Some issues at CES in no way go out of fashion – HP’s 12C hits 25-yr mark in 2006,” here’s the hole:

the first company “personal desktop” was unveiled, Pac-Man become the blockbuster video video game, and Chariots of hearth become a container office hit when HP added a $one hundred fifty pocket-sized equipment that revolutionized financial calculations for americans on the circulation. The massive hits of 1981 are actually heritage, however the HP 12C financial calculator remains going effective. straight diagnosed for its unique horizontal layout, the HP 12C financial calculator has offered in the thousands and thousands to investors, genuine estate specialists, accountants, personal loan officers, company college students and lecturers.

The HP 12C economic calculator, the made of a imaginative and prescient via HP’s labs and an Iowa farm boy with a love for physics, is an iconic customer electronics product that remains sold well-nigh unchanged under its common identify and mannequin quantity 25 years after it became brought. The HP 12C that’s sold nowadays acts and looks just like it did when it turned into first snapped up by way of hundreds of financial and precise property college students and certified at its worldwide debut. Few different products of commercial design have achieved one of these basic big difference.

three. In 2003, HP introduced the HP 12C Platinum that enables the user to opt for both entry mode: RPN or Algebraic. despite the fact once you get comfy with RPN, i will be able to ensure that you will not ever wish to go back to average Algebraic entry, it is simply too sluggish and inefficient. here’s a evaluation of the HP 12C vs. the HP 12C Platinum models (e.g., HP 12C Platinum has “Undo” and “Backspace” buttons which the HP 12C lacks).

4. here’s one rationalization of why RPN is extra effective than the Algebraic entry mode:

RPN is a really effective gadget and when mastered can save you keystrokes and for this reason saving you time. this might mean that you would not deserve to use parenthesis in your calculations. The RPN mode additionally suggests you the middleman effects on your calculations, which makes complex calculations less difficult to retain music of.

5. here’s the Wikipedia entry for the HP-12C, which is described as “HP’s longest and top-quality-selling product, in persistent production due to the fact that its introduction in 1981.”

6. In 2011, CNet wrote concerning the 30th anniversary of the HP 12C in a piece of writing titled “HP 12C calculator: nevertheless up-to-date after 30 years,” here’s a slice:

You doubtless alternate your computing device each couple of years and update your cell in response to Apple’s unlock cycles. however likelihood is that internal your briefcase or for your desk drawer, there’s a machine that hasn’t been modified for a long time. It nonetheless works well, and also you find it irresistible simply the manner it's.

The machine in query is the HP 12C calculator, first launched exactly 30 years ago nowadays, on September 1, 1981. Ever in view that, with out a good deal fanfare, it’s been a quietly vital tool in finance, enterprise, and academia. according to HP, the 12C is still one in every of best two regular calculators accredited to be used all over fiscal professional certification assessments. here is because when it became released, the calculator provided more-correct computations than the federal ordinary. It additionally points an unmatched keypad layout that supplied exceptional ease of use. The equipment itself is compact sufficient to slot in a pants pocket.

7. also in 2011, the Wall street Journal mentioned on the HP 12C’s thirtieth anniversary within the article “Wall highway’s Cult Calculator Turns 30,” here’s an excerpt:

Thirty years after the launch of the 12c, it’s nonetheless regular for fiscal analysts filing right into a convention room to set down their calculators next to their papers and cellphones.

indeed, the 12c, which costs $70 on H-P’s web page, is H-P’s top of the line-selling calculator of all time, though the company received’t demonstrate what number of devices it has bought through the years. (a standard calculator expenses about $10.) Its chief competitor is Texas gadgets’ $28 BA II Plus, which is the simplest different calculator examine-takers are authorised to make use of on the legitimate CFA exam.

The 12c is slim, black and gold, and rectangular, just over five inches wide via three inches excessive. It runs on an unconventional operating equipment known as “Reverse Polish Notation,” which eschews parentheses and equal indications in an effort to run long calculations greater correctly.

That may well be one reason users are reluctant to switch. “I’ve turn into so hooked on it that i'm unable to make use of the iPhone calculator correctly,” says John Lynch, chief equity strategist at Wells Fargo funds administration neighborhood in Charlotte, N.C.

The equipment tends to render the calculator mystifying to the amateur consumer. Senior portfolio managers, who use it to calculate bond yields, rates of return and existing value, amongst different things, say they appreciate gazing their younger colleagues battle to grasp its quirks.

“One advantage is that once I leave it on a convention desk right here at their workplaces, none of the young analysts know how to use it,” says Christopher Wolf, co-chief funding officer at renovation believe Advisors LLC, a mutual-fund enterprise in San Francisco, who purchased his 12c in the early Nineteen Eighties. “It’s like an early fingerprint-consciousness gadget.”

MP: The Schumpeterian forces of inventive destruction have made just about all customer digital products from the early Eighties obsolete nowadays, having been replaced by means of products which are more advantageous, quicker, extra long lasting, and cheaper. however probably greater than every other client product that become attainable in 1981 (feel cars, phones, cameras, TVs, stereo device, computer systems, and many others.) the long-lasting, timeless HP 12C fiscal Calculator stands by myself as perhaps the most effective digital product that has survived the last 40 years of tsunami-stage tidal waves of “hurricane Joseph’s” creative destruction that has destroyed and replaced almost all different 1981-period consumer products!


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