HP 0012C-90001 User Manual page 153

Example 2: Using the preceding program, solve for the monthly payment using the Example 2: Example 2: Example 2:
information given in example 1. Then change the yearly interest to 15% and solve
for the new payment amount.
Keystrokes Keystrokes
Keystrokes Keystrokes
12?0
3?1
10\12z
?2
750?3t
15\12z
?2t
Example 3: Using the information from example 1, what monthly payment is Example 3:
Example 3: Example 3:
necessary to yield the lessor 15% annually if one payment is due at the time of
closing ?
Assuming that the previous example was just solved, the keystrokes are as follows:
Keystrokes Keystrokes
Keystrokes Keystrokes
1?1t
Since this problem is an annuity due situation (one payment at the beginning of the
period) the calculation could also be done as follows:
Keystrokes Keystrokes
Keystrokes Keystrokes
g×
fCLEARG
12w15gC
750Þ$P
Display Display
Display Display
12.00 Duration of lease.
3.00 Number of advance payments.
0.83 Periodic interest rate.
64.45 Monthly payment to be received.
65.43 Monthly payment to achieve a 15%
yield.
Display Display
Display Display
66.86 Monthly payment to be received.
Display Display
Display Display
1.25
Periodic interest rate (into i i i i ).
66.86
Monthly payment to be received.
Section 14: Leasing Section 14: Leasing
Section 14: Section 14: Leasing Leasing
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