EasyManua.ls Logo

HP 10bII - Page 65

HP 10bII
145 pages
To Next Page IconTo Next Page
To Next Page IconTo Next Page
To Previous Page IconTo Previous Page
To Previous Page IconTo Previous Page
Loading...
Example:
Lease
With
Advance
Payments.
Your
company,
Quick-Kit
Pole
Barns,
plans
to
lease
а
forklift
for
the
warehouse.
The
lease
is
written
fora
term
of
4
years
with
monthly
payments
of
$2,400.
Payments
are
due
at
the
beginning
of
the
month
with
the
first
and
last
payments
due
at
the
onset
of
the
lease.
You
have
an
option
to
buy
the
forklift
for
$15,000
at
the
end
of
the
leasing
period.
If
the
annual
interest
rate
is
9%,
what
is
the
capitalized
value
of
the
lease?
Begin
Mode
PV=?
44
|45
|
46
|
47
48
PMT
=
-2,400.00
}
(48th
payment
due
up
front)
FV=-15,000.00
This
solution
requires
four
steps.
1,
Calculate
the
present
value
of
the
47
monthly
payments:
(4
х
12)-1=
47.
2.
Add
the
value
of
the
additional
advance
payment.
3.
Find
the
present
value
of
the
buy
option.
4.
Sum
the
values
calculated
in
steps
2
and
3.
Step
1.
Find
the
present
value
of
the
monthly
payments.
Set
to
Begin
mode.
Press
Б
if
annunciator
is
not
displayed.
5:
Time
Value
of
Money
Calculations
65

Table of Contents

Other manuals for HP 10bII

Preview: User Guide
User Guide144 pages
Preview: Quick Reference Guide
Quick Reference Guide2 pages
Preview: Quick Start Guide
Quick Start Guide7 pages
Preview: User Manual
User Manual3 pages

Related product manuals