HP 12c Platinum - Advance Payments with Residual; Solving for Payment

212 Section 14: Leasing
File name: HP 12c Pt Converted_user's guide_English_HDP0F123E02_080207 Page: 212 of 281
Printed Date: { 2007/8/2Dimension: 14.8 cm x 21 cm
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.
KEYSTROKES
(RPN mode)
DISPLAY
KEYSTROKES
(ALG mode)
DISPLAY
fs fs
f
CLEAR
Î
000,
f
CLEAR
Î
000,
gÂ
001, 43 8
gÂ
001, 43 8
f
CLEAR
G
002, 42 34
f
CLEAR
G
002, 42 34
:
0
003, 45 0
:
0
003, 45 0
n
004, 11
n
004, 11
:
1
005, 45 1
:
1
005, 45 1
¼
006, 12
¼
006, 12
:
3
007, 45 3
:
3
007, 45 3
M
008, 15
M
008, 15
$
009, 13
$
009, 13
:
2
010, 45 2
+
010, 40
+
011, 40
:
2
011, 45 2
?
5
012, 44 5
³
012, 36
0
013, 0
?
5
013, 44 5
M
014, 15
0
014, 0
:n
015, 45 11
M
015, 15
:
4
016, 45 4
:n
016, 45 11
-
017, 30
-
017, 30