HP (Hewlett-Packard) Calculator HP 12C Financial Calculator User Manual

4.7

Out of 3 Ratings

Owner's of the HP (Hewlett-Packard) Calculator HP 12C Financial Calculator gave it a score of 4.7 out of 5. Here's how the scores stacked up:

  • Reliability

    5.0 out of 5

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    3.5 out of 5
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206 Section 14: Leasing
File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 206 of 275
Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm
Solving for Yield
To calculate the periodic yield, information is entered as follows:
1. Press g and fCLEARG.
RPN Mode:
2. Key in the total number of payments in the lease then press \.
3. Key in the total number of payments made in advance then press
?0-n.
4. Key in the periodic payment to be received then press P.
5. Key in the total amount of the loan then press Þ:0:P§+$.
6. Press ¼ to obtain the periodic yield.
ALG Mode:
2. Key in the total number of payments in the lease then press -.
3. Key in the total number of payments made in advance then press
?0n.
4. Key in the periodic payment to be received then press P.
5. Press :0§:P³+
.
Then key in the total amount of the loan and
press Þ$.
6. Press ¼ to obtain the periodic yield.
Example 1:
A lease has been written to run for 60 months. The leased
equipment has a value of $25,000 with a $600 monthly payment. The lessee has
agreed to make 3 payments at the time of closing ($1,800). What is the annual
yield to the lessor
?
Keystrokes
(RPN mode)
Keystrokes
(ALG mode)
Display
f]
f[
gÂ
gÂ
f
CLEAR
G
f
CLEAR
G
60
\
3 60
-
3
3.
?
0
-n
?
0
n
57.00
Number of periodic
payments.
600
P
600
P
600.00
Monthly payment.
25000
Þ:
0
:P§
+$
:
0
§:
P+
25000
Þ$
-23,200.00
PV.

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