HP 12C User Manual page 203

Example 1: Equipment worth $750 is leased for 12 months. The equipment is
assumed to have no salvage value at the end of the lease. The lessee has agreed
to make three payments at the time of closing. What monthly payment is necessary
to yield the lessor 10% annually ?
Keystrokes
(RPN mode)
f]
gÂ
fCLEARG
12\
3?0-n
10gC
1ÞP
$:0+
750~z
If solving for the payment amount will be done repetitively, key in the following hp
12c platinum program.
KEYSTROKES
(RPN mode)
fs
fCLEARÎ
gÂ
fCLEARG
:0
:1
-
n
:2
File name: hp 12c pt_user's guide_English_HDPMF123E27
Printed Date: 2005/8/1
Keystrokes
Display
(ALG mode)
f[
gÂ
fCLEARG
12.00
12-
9.00
3?0n
0.83
10gC
–1.00
1ÞP
$+:0³ 11.64
64.45
750z~³
KEYSTROKES
DISPLAY
(ALG mode)
fs
000,
fCLEARÎ
gÂ
001, 43 8
002, 42 34 fCLEARG
003, 45 0 :0
-
004, 45 1
005, 30 :1
n
006, 11
007, 45 2 :2
Page: 203 of 275
Dimension: 14.8 cm x 21 cm
Section 14: Leasing 203
Duration of lease.
Number of periodic
payments.
Monthly payment to be
received.
DISPLAY
000,
001, 43 8
002, 42 34
003, 45 0
004, 30
005, 45 1
006, 11
007, 45 2