Advance Payments With Residual; Solving For Payment - HP 12C Platinum User Manual

212 Section 14: Leasing

Advance Payments With Residual

Situations may arise where a transaction has advance payments and a residual
value (salvage value) at the end of the normal term.

Solving for Payment

The following program solves for the periodic payment amount necessary to
achieve a desired yield.
KEYSTROKES
(RPN mode)
fs
fCLEARÎ 000,
gÂ
001,
fCLEARG 002,
003,
:0
n
004,
:1 005,
¼
006,
:3 007,
M
008,
$
009,
010,
:2
+
011,
?5 012,
0
013,
M
014,
:n
015,
016,
:4
-
017,
KEYSTROKES
DISPLAY
(ALG mode)
fs
fCLEARÎ
gÂ
43 8
42 34 fCLEARG
45 0
:0
n
11
45 1 :1
¼
12
45 3 :3
M
15
$
13
+
45 2
40 :2
³
44 5
0
?5
0
15
M
45 11
:n
45 4
-
30
DISPLAY
000,
001, 43 8
002, 42 34
003, 45 0
004, 11
005, 45 1
006, 12
007, 45 3
008, 15
009, 13
010, 40
011, 45 2
012, 36
013, 44 5
014, 0
015, 15
016, 45 11
017, 30