HP 12c Platinum Owner's Handbook

156
4. Key in 0gK then the number of advance payments minus one. Then
press ga.
5. Key in the residual then press gK. Then press fL to solve for
periodic yield.
Example: Equipment worth $5000 is leased for 36 months at $145 per month.
The lessee has agreed to pay the first and last month’s payments in advance. At
the end of the lease, the equipment may be purchased for $1500. What is the
annual yield to the lessor if the equipment is purchased?
Keystrokes (RPN mode) Display
fCLEARH
5000Þ\
145\2
§=gJ
–4,710.00
Net amount of cash advanced.
145gK34ga
34.00
Thirty-four cash flows of $145.00.
0gK
0.00
Thirty-fifth cash flow.
1500gK
1,500.00
Thirty-sixth cash flow.
fL12§
18.10
Annual yield to lessor.

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