HP 12c Platinum Owner's Handbook

Section 14: Leasing 153
1. Key in the program.
2. Key in the total number of payments in the lease then press ?0.
3. Key in the total number of payments made in advance then press ?1.
4. Key in the periodic payment to be received then press ?2.
5. Key in the total amount of the loan, then press ?3; then press t to
obtain the periodic yield.
6. For a new case, return to step 2. The values changed from the previous
case are the only values which need to be re-entered.
Example 2: Using the program, solve for yield using the same information given
in example 1. Then change the payment to $625 and solve for the yield.
Advance Payments With Residual
Situations may arise where a transaction has advance payments and a residual
value (salvage value) at the end of the normal term.
Solving for Payment
The following program solves for the periodic payment amount necessary to
achieve a desired yield.
REGISTERS
n: n–#Adv.
Pmts.
i: i PV: Used PMT: Pmt.
FV: 0 R
0
: n R
1
: Adv. Pmts. R
2
: Pmt.
R
3
: Loan R
4
–
R
.7
: Unused
Keystrokes (RPN mode) Display
60?0
60.00
Number of payments.
3?1
3.00
Number of advance payments.
600?2
600.00
Periodic payment.
25000?3t
17.33
Annual yield (as a percentage).
625?2t
19.48
Annual yield (as a percentage)
when PMT is increased $25.

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