HP 113394 User Guide - Page 211
Example 1, Keystrokes, RPN mode, ALG mode, Display, Example 2
UPC - 808736340502
View all HP 113394 manuals
Add to My Manuals
Save this manual to your list of manuals |
Page 211 highlights
Section 14: Leasing 211 7. 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 1: A copier worth $22,000 is to be leased for 48 months. The lessee has agreed to make 4 payments in advance, with a purchase option at the end of 48 months enabling him to buy the copier for 30% of the purchase price. What monthly payment is necessary to yield the lessor 15% annually: Keystrokes (RPN mode) f] 48?0 15\ 12z?1 22000?2 30b?3 4?4t Keystrokes (ALG mode) Display f[ 48?0 48.00 Duration of lease. 15z 15.00 12³?1 1.25 Monthly interest rate. 22000?2 22,000.00 §30b³?3 6,600.00 4?4t 487.29 Monthly payment received by lessor. Example 2: Using the information from example 1, what would the monthly payments be if the lessor desired a yield of 18% annually? Keystrokes (RPN mode) Keystrokes (ALG mode) Display 18\12z ?1t 18z12³ ?1t 487.29 1.50 520.81 From previous example. Monthly interest rate. Monthly payment received by lessor. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 211 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm