HP 12C Platinum User Manual page 206

206 Section 14: Leasing
Example 1: Equipment worth $750 is leased for 12 months. The equipment is
assumed to have no salvage value at the end of the lease. The lessee has agreed
to make three payments at the time of closing. What monthly payment is necessary
to yield the lessor 10% annually ?
Keystrokes Keystrokes
(RPN mode) (ALG mode)
f] f[
g gÂ
fCLEARG fCLEARG
12\ 12-
3?0-n 3?0n
10gC 10gC
1ÞP 1ÞP
$:0+ $+:0³
750~z 750z~³
If solving for the payment amount will be done repetitively, key in the following hp
12c platinum program.
KEYSTROKES
(RPN mode)
fs
fCLEARÎ 000,
gÂ
001,
fCLEARG 002,
:0 003,
004,
:1
-
005,
n
006,
007,
:2
Display
12.00
9.00
0.83
–1.00
11.64
64.45
KEYSTROKES
DISPLAY
(ALG mode)
fs
fCLEARÎ
gÂ
43 8
42 34 fCLEARG
45 0 :0
-
45 1
30
:1
n
11
45 2
:2
Duration of lease.
Number of periodic
payments.
Monthly payment to be
received.
DISPLAY
000,
001, 43
002, 42
003, 45
004,
005, 45
006,
007, 45
8
34
0
30
1
11
2