Advance Payments With Residual; Solving For Payment - HP 0012C-90001 User Manual

156 Section 14: Leasing 156 Section 14: Leasing
156 156 Section 14: Leasing Section 14: Leasing
Keystrokes Keystrokes
Keystrokes Keystrokes
600?2
25000?3t
625?2t

Advance Payments With Residual

Advance Payments With Advance Payments With Advance Payments With
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

Solving for Payment
Solving for Payment Solving for Payment
The following program solves for the periodic payment amount necessary to
achieve a desired yield.
KEYSTROKES KEYSTROKES KEYSTROKES KEYSTROKES
fs
fCLEARÎ
00-
gÂ
01-
fCLEARG
02-
:0
03-
w
04-
:1
05-
¼
06-
:3
07-
M
08-
$
09-
:2
10-
+
11-
?5
12-
0
13-
Display Display
Display Display
600.00 Periodic payment.
17.33 Annual yield (as a percentage).
19.48 Annual yield (as a percentage)
when
Residual Residual Residual
DISPLAY DISPLAY DISPLAY DISPLAY KEYSTROKES KEYSTROKES KEYSTROKES KEYSTROKES
M
:w
:4
43 8
-
42 34
w
45 0
1
11
Þ
45 1
P
12
$
45 3
:4
15
+
13
:5
45 2
~
40
z
44 5
fs
0
PMT
is increased $25.
DISPLAY DISPLAY DISPLAY DISPLAY
14-
15- 45
16- 45
17-
18-
19-
20-
21-
22-
23- 45
24-
25- 45
26-
27-
15
11
4
30
11
1
16
14
13
4
40
5
34
10