HP 12C Platinum Owner's Handbook Manual page 149

152 Section 14: Leasing
5. Key in the total amount of the loan then press
Þ:0:P§+$.
6. Press ¼ to obtain the periodic yield.
Example 1: A lease has been written to run for 60 months. The leased
equipment has a value of $25,000 with a $600 monthly payment. The lessee has
agreed to make 3 payments at the time of closing ($1800). What is the annual
yield to the lessor?
Keystrokes (RPN mode)
gÂ
fCLEARG
60\3
?0-n
600P
25000Þ:0
:P§+$
¼
12§
If solving for yield will be done repetitively, key in the following HP 12C
Platinum program:
KEYSTROKES
(RPN mode)
f]
fs
000,
f Î
000,
CLEAR
gÂ
001,
f G
002,
CLEAR
:0
003,
:1
004,
-
005,
n
006,
:2
007,
P
008,
Display
Number of periodic payments.
57.00
Number of advance payments.
3.00
-23,200.00 PV.
Monthly yield (calculated).
1.44
Annual yield (as a percentage).
17.33
KEYSTROKES
DISPLAY
(RPN mode)
:3
Þ
:1
8 :P
43
34 §
42
0 +
45
1 $
45
30 ¼
11 :gC
2 fs
45
14
DISPLAY
009, 45 3
010, 16
011, 45 1
012, 45 14
013, 20
014, 40
015, 13
016, 12
017, 45,43 12