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Section 14: Leasing 203
File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 203 of 275
Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm
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)
Keystrokes
(ALG mode)
Display
f]
f[
gÂ
gÂ
f
CLEAR
G
f
CLEAR
G
12
\
12
-
12.00
Duration of lease.
3
?
0
-n
3
?
0
n
9.00
Number of periodic
payments.
10
gC
10
gC
0.83
1
ÞP
1
ÞP
–1.00
$:
0
+
$+:
0
³
11.64
750
~z
750
z~³
64.45
Monthly payment to be
received.
If solving for the payment amount will be done repetitively, key in the following hp
12c platinum program.
KEYSTROKES
(RPN mode)
DISPLAY
KEYSTROKES
(ALG mode)
DISPLAY
fs
fs
f
CLEAR
Î
000,
f
CLEAR
Î
000,
gÂ
001, 43 8
gÂ
001, 43 8
f
CLEAR
G
002, 42 34
f
CLEAR
G
002, 42 34
:
0
003, 45 0
:
0
003, 45 0
:
1
004, 45 1
-
004, 30
-
005, 30
:
1
005, 45 1
n
006, 11
n
006, 11
:
2
007, 45 2
:
2
007, 45 2