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Section 14: Leasing 155
File name: hp 12c_user's guide_English_HDPMBF12E44 Page: 155 of 209
Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm
If solving for yield will be done repetitively, key in the following hp 12c program:
KEYSTROKES DISPLAY KEYSTROKES DISPLAY
fs
:3
09- 45 3
fCLEARÎ
00-
Þ
10- 16
gÂ
01- 43 8
:1
11- 45 1
fCLEARG
02- 42 34
:P
12- 45 14
:0
03- 45 0
§
13- 20
:1
04- 45 1
+
14- 40
-
05- 30
$
15- 13
n
06- 11
¼
16- 12
:2
07- 45 2
:gC
17-45, 43 12
P
08- 14
fs
REGISTERS
n: n–#Adv. Pmts. i: i PV: Used PMT: Pmt.
FV: 0
R
0
: n R
1
: Adv. Pmts. R
2
: Pmt.
R
3
: Loan R
4
–R
.7
: Unused
1. Key in the program.
2. Key in the total number of payments in the lease then press ?0.
3. Key in the total number of payments made in advance then press ?1.
4. Key in the periodic payment to be received then press ?2.
5. Key in the total amount of the loan, then press ?3; then press t to
obtain the periodic yield.
6. 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 2:
Using the program, solve for yield using the same information given
in example 1. Then change the payment to $625 and solve for the yield.
Keystrokes Display
60?0
60.00
Number of payments.
3?1
3.00
Number of advance payments.
600?2
600.00
Periodic payment.