HP 113394 User Guide - Page 203

Section 14: Leasing 203 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) f] g fCLEARG 12\ 3?0-n Keystrokes (ALG mode) f[ g fCLEARG 123?0n Display 12.00 9.00 10gC 1ÞP $:0+ 750~z 10gC 0.83 1ÞP -1.00 $+:0³ 11.64 750z~³ 64.45 Duration of lease. Number of periodic payments. 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 fCLEARÎ g fCLEARG :0 :1 n :2 000, 001, 002, 003, 004, 005, 006, 007, fCLEARÎ 43 8 g 42 34 fCLEARG 45 0 :0 45 1 - 30 :1 11 n 45 2 :2 000, 001, 002, 003, 004, 005, 006, 007, 43 8 42 34 45 0 30 45 1 11 45 2 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