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156 Section 14: Leasing
File name: hp 12c_user's guide_English_HDPMBF12E44 Page: 156 of 209
Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm
Keystrokes Display
25000?3t
17.33
Annual yield (as a percentage).
625?2t
19.48
Annual yield (as a percentage)
when PMT is increased $25.
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 DISPLAY KEYSTROKES DISPLAY
fs
M
14- 15
f
CLEAR
Î
00-
:n
15- 45 11
gÂ
01- 43 8
:4
16- 45 4
f
CLEAR
G
02- 42 34
-
17- 30
:0
03- 45 0
n
18- 11
n
04- 11
1
19- 1
:1
05- 45 1
Þ
20- 16
¼
06- 12
P
21- 14
:3
07- 45 3
$
22- 13
M
08- 15
:4
23- 45 4
$
09- 13
+
24- 40
:2
10- 45 2
:5
25- 45 5
+
11- 40
~
26- 34
?5
12- 44 5
z
27- 10
0
13- 0
fs