# HP 12C Platinum User Manual Page 214

Financial calculator.

214 Section 14: Leasing
7. For a new case, return to step 2. The values changed from the previous case
are the only values which need to be re-entered.
Example 1: A copier worth \$22,000 is to be leased for 48 months. The lessee
has agreed to make 4 payments in advance, with a purchase option at the end of
48 months enabling him to buy the copier for 30% of the purchase price. What
monthly payment is necessary to yield the lessor 15% annually:
Keystrokes
Keystrokes
(RPN mode)
(ALG mode)
f]
f[
48?0
48?0
15\
15z
12z?1
12³?1
22000?2
22000?2
30b?3
§30b³?3
4?4t
4?4t
Example 2: Using the information from example 1, what would the monthly
payments be if the lessor desired a yield of 18% annually ?
Keystrokes
Keystrokes
(RPN mode)
(ALG mode)
18\12z
18z12³
?1t
?1t
Display
Duration of lease.
48.00
15.00
Monthly interest rate.
1.25
22,000.00
6,600.00
487.29
by lessor.
Display
From previous example.
487.29
Monthly interest rate.
1.50
520.81
by lessor.