HP 113394 User Guide - Page 206
RPN Mode, ALG Mode, Example 1, Keystrokes, RPN mode, ALG mode, Display
UPC - 808736340502
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206 Section 14: Leasing Solving for Yield To calculate the periodic yield, information is entered as follows: 1. Press g and fCLEARG. RPN Mode: 2. Key in the total number of payments in the lease then press \. 3. Key in the total number of payments made in advance then press ?0-n. 4. Key in the periodic payment to be received then press P. 5. Key in the total amount of the loan then press Þ:0:P§+$. 6. Press ¼ to obtain the periodic yield. ALG Mode: 2. Key in the total number of payments in the lease then press -. 3. Key in the total number of payments made in advance then press ?0n. 4. Key in the periodic payment to be received then press P. 5. Press :0§:P³+. Then key in the total amount of the loan and press Þ$. 6. Press ¼ to obtain the periodic yield. Example 1: A lease has been written to run for 60 months. The leased equipment has a value of $25,000 with a $600 monthly payment. The lessee has agreed to make 3 payments at the time of closing ($1,800). What is the annual yield to the lessor? Keystrokes (RPN mode) f] g fCLEARG 60\3 ?0-n Keystrokes (ALG mode) f[ g fCLEARG 60-3 ?0n 600P 25000Þ: 0:P§ +$ 600P :0§: P+25000 Þ$ Display 3. 57.00 600.00 Number of periodic payments. Monthly payment. PV. -23,200.00 File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 206 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm