Texas Instruments BA II Plus User Manual

70 BA II PLUS™ Calculator
Value of a Lease with Uneven Payments
A lease with an uneven payment schedule usually
accommodates seasonal or other anticipated fluctuations in the
lessee’s cash position.
Suppose a 36-month lease has the following payment schedule,
with beginning-of-period payments.
Number of Months Payment Amount
4$0
8 $5000
3$0
9 $6000
2$0
10 $7000
If the required earnings rate is 10% annually with monthly
compounding:
•
What is the present value of these lease payments?
•
What even payment amount at the beginning of each month
would result in the same present value?
Because the cash flows are uneven, use the Cash Flow
worksheet to determine the net present value (
NPV
) of the
lease.

Texas Instruments BA II Plus Specifications

General

Type	Financial
Cover	-
Form factor	Pocket
Control type	Buttons
Product color	Black
Digits	10 digits
Display tilting	No
Display number of lines	1 lines
Memory registers	10
Power source	Battery