HP 12c Platinum - Page 149

152 Section 14: Leasing
5. Key in the total amount of the loan then press
Þ:0:P§+$.
6. Press ¼ to obtain the periodic yield.
Example 1: A lease has been written to run for 60 months. The leased
equipment has a value of $25,000 with a $600 monthly payment. The lessee has
agreed to make 3 payments at the time of closing ($1800). What is the annual
yield to the lessor?
If solving for yield will be done repetitively, key in the following HP 12C
Platinum program:
Keystrokes (RPN mode) Display
gÂ
fCLEARG
60\3
?0-n
57.00
Number of periodic payments.
600P
25000Þ:0
3.00
Number of advance payments.
:P§+$
-23,200.00
PV.
¼
1.44
Monthly yield (calculated).
12§
17.33
Annual yield (as a percentage).
KEYSTROKES
(RPN mode)
DISPLAY
KEYSTROKES
(RPN mode)
DISPLAY
f] :3
009, 45 3
fs
000,
Þ
010, 16
fCLEARÎ
000,
:1
011, 45 1
gÂ
001, 43 8
:P
012, 45 14
fCLEARG
002, 42 34
§
013, 20
:0
003, 45 0
+
014, 40
:1
004, 45 1
$
015, 13
-
005, 30
¼
016, 12
n
006, 11
:gC
017, 45,43 12
:2
007, 45 2
fs
P
008, 14