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HP HP-18C - Page 77

HP HP-18C
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Figure
4·11.
Present Value
of
a Lease With an Additional
Advanced Payment and an Option to Buy
at
the
End of
the
Leasing Period
PV
= ?
1%/YR=18
#P/Y=12
1
44
1
45
1
46
1 47 I
PMT=
-
2,400
FV=
- 15,
000
The
problem
is
done
in
four
steps
:
1. Calculate
the
present
value
of
the
47
monthly
payments
.
2.
Add
to this value
the
additional
advance
payment.
3.
Find
the
present
value
of
the
buy
option
.
4.
Sum
the
values calculated in
steps
2
and
3.
Starting
from
the
MAIN
menu
:
Keys:
......
.1
CLEAR ALL I
12
",
BIll
Display:
0,00
0,00
12 PMTS/YR: BEGIN
MODE
Description:
Displays
the
TVM
menu
.
Clears
the
history stack
and
the
TVM
variables.
Displays
the
secondary
TVM
menu
.
Sets 12
payments
per
year, Begin
mode.
Displays
the
TVM
menu.
4:
Time
Value
of
Money
75

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