Advance Payments With Residual; Solving For Payment - HP 12C User Manual

Advance Payments With Residual

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

The following program solves for the periodic payment amount necessary to
achieve a desired yield.
KEYSTROKES
(RPN mode)
fs
fCLEARÎ
gÂ
fCLEARG
:0
n
:1
¼
:3
M
$
:2
+
?5
0
M
:n
:4
-
File name: hp 12c pt_user's guide_English_HDPMF123E27
Printed Date: 2005/8/1
KEYSTROKES
DISPLAY
(ALG mode)
fs
000, fCLEARÎ
gÂ
001, 43 8
002, 42 34 fCLEARG
003, 45 0 :0
n
004, 11
005, 45 1
:1
006, 12 ¼
007, 45 3
:3
M
008, 15
$
009, 13
+
010, 45 2
011, 40 :2
012, 44 5 ³
013, 0
?5
014, 15
0
015, 45 11 M
:n
016, 45 4
-
017, 30
Page: 209 of 275
Dimension: 14.8 cm x 21 cm
Section 14: Leasing 209
DISPLAY
000,
001, 43 8
002, 42 34
003, 45 0
004, 11
005, 45 1
006, 12
007, 45 3
008, 15
009, 13
010, 40
011, 45 2
012, 36
013, 44 5
014, 0
015, 15
016, 45 11
017, 30