HP 12C Platinum Owner's Handbook Manual page 153

4. Key in 0gK then the number of advance payments minus one. Then
press ga.
5. Key in the residual then press gK. Then press fL to solve for
periodic yield.
Example: Equipment worth $5000 is leased for 36 months at $145 per month.
The lessee has agreed to pay the first and last month's payments in advance. At
the end of the lease, the equipment may be purchased for $1500. What is the
annual yield to the lessor if the equipment is purchased?
Keystrokes (RPN mode)
fCLEARH
5000Þ\
145\2
§=gJ
145gK34ga
0gK
1500gK
fL12§
Display
–4,710.00 Net amount of cash advanced.
Thirty-four cash flows of $145.00.
34.00
Thirty-fifth cash flow.
0.00
Thirty-sixth cash flow.
1,500.00
Annual yield to lessor.
18.10
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