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

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

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
fs
fCLEARÎ 00-
gÂ
01-
fCLEARG 02-
:0 03-
n
04-
05-
:1
¼ 06-
07-
:3
M
08-
$
09-
:2 10-
+
11-
12-
?5
13-
0
File name: hp 12c_user's guide_English_HDPMBF12E44
Printered Date: 2005/7/29
Display
17.33
Annual yield (as a percentage).
19.48
Annual yield (as a percentage)
when PMT is increased $25.
DISPLAY KEYSTROKES
M
:n
43 8 :4
-
42 34
n
45 0
11
1
45 1 Þ
12 P
$
45 3
15
:4
+
13
45 2 :5
~
40
44 5 z
0 fs
Page: 156 of 209
Dimension: 14.8 cm x 21 cm
DISPLAY
14- 15
15- 45 11
16- 45 4
17- 30
18- 11
19- 1
20- 16
21- 14
22- 13
23- 45 4
24- 40
25- 45 5
26- 34
27- 10