HP HP12C hp 12c_user's guide_English_E_HDPMBF12E44.pdf - Page 154

154 Section 14: Leasing Solving for Yield To calculate the periodic yield, information is entered as follows: 1. Press g and fCLEARG. 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. 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 ($1800). What is the annual yield to the lessor? Keystrokes g Display fCLEARG 60\3 ?0-n 600P 25000Þ:0 :P§+$ ¼ 12§ 57.00 Number of periodic payments. 3.00 -23,200.00 1.44 17.33 Number of advance payments. PV. Monthly yield (calculated). Annual yield (as a percentage). File name: hp 12c_user's guide_English_HDPMBF12E44 Printered Date: 2005/7/29 Page: 154 of 209 Dimension: 14.8 cm x 21 cm