HP 12C, User Manual

Page: 211 / 288

Section 14: Leasing 211
File name: HP 12c Pt Converted_user's guide_English_HDP0F123E02_080207 Page: 211 of 281
Printed Date: { 2007/8/2Dimension: 14.8 cm x 21 cm
KEYSTROKES
(RPN mode)
DISPLAY
KEYSTROKES
(ALG mode)
DISPLAY
:gC
017,45,43 12
fs
REGISTERS
n: n–#Adv. Pmts. i: i PV: Used PMT: Pmt.
FV: 0 R
0
: n R
1
: Adv. Pmts. R
2
: Pmt.
R
3
: Loan R
4
–R
.7
: Unused
1. Key in the program.
2. Key in the total number of payments in the lease then press
?
0.
3. Key in the total number of payments made in advance then press
?
1.
4. Key in the periodic payment to be received then press
?
2.
5. Key in the total amount of the loan, then press
?
3; then press
t
to
obtain the periodic yield.
6. 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 2: Using the program, solve for yield using the same information given
in example 1. Then change the payment to $625 and solve for the yield.
Keystrokes
(RPN mode)
Keystrokes
(ALG mode)
Display
f] f[
60
?
0 60
?
0
60.00
Number of payments.
3
?
1 3
?
1
3.00
Number of advance
payments.
600
?
2 600
?
2
600.00
Periodic payment.
25000
?
3
t
25000
?
3
t 17.33
Annual yield (as a
percentage).
625
?
2
t
625
?
2
t
19.48
Annual yield (as a
percentage) when PMT is
increased $25.