HP 10bII - Page 66

Keys: Display:
(«еа
ст)
12.00
209
47.00
@@(©(@@5@м®
-2,400.00
Ow
0.00
@@®
9.00
95,477.55
Description:
Sets payments per year.
Stores number of
payments.
Stores monthly
payment.
Stores FV for step 1.
Stores interest rate.
Calculates present
value of 47 monthly
payments.
Step 2. Add the additional advance payment to PV. Store the answer.
mD 97,877.55
Cy 97,877.55
Adds additional
advance payment.
Stores result in M
register.
Step 3. Find the present value of the buy option.
@@®@%
48.00
Oem
0.00
@MOOGOOBH
-15,000.00
10,479.21
Step 4. Add the results of steps 2 and 3.
Display:
108,356.77
66 5: Time Value of Money Calculations
Stores month when
buy option occurs.
Stores zero payment
for this step of
solution.
Stores value to
discount.
Calculates present
value of last cash flow.
Description:
Calculates present
(capitalized) value of
lease. (Rounding
discrepancies are
explained on page 59.)