HP 12c Platinum Owner's Handbook

Section 14: Leasing 151
Example 2: Using the preceding program, solve for the monthly payment using
the information given in example 1. Then change the yearly interest to 15% and
solve for the new payment amount.
Example 3: Using the information from example 1, what monthly payment is
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:
Since this problem is an annuity due situation (one payment at the beginning of
the period) the calculation could also be done as follows:
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.
Keystrokes (RPN mode) Display
12?0
12.00
Duration of lease.
3?1
3.00
Number of advance payments.
10\12z
?2
0.83
Periodic interest rate.
750?3t
64.45
Monthly payment to be received.
15\12z
?2t
65.43
Monthly payment to achieve a 15%
yield.
Keystrokes (RPN mode) Display
1?1t
66.86
Monthly payment to be received.
Keystrokes Display
g×
fCLEARG
12n15gC
1.25
Periodic interest rate (into i).
750Þ$P
66.86
Monthly payment to be received.

HP 12c Platinum Specifications

General

Digits	10 digits
Battery type	CR2032
Type	Financial
Form factor	Pocket

Weight and Dimensions

Weight	110 g
Dimensions (WxDxH)	79 x 129 x 15 mm