152 Section 14: Leasing

If solving for the payment amount will be done repetitively, key in the following hp 12c program.

KEYSTROKES

 

 

 

DISPLAY

 

KEYSTROKES

 

 

DISPLAY

 

 

 

 

 

 

 

 

 

 

 

 

fs

 

 

 

 

 

1

09-

 

1

fCLEARÎ

00-

 

 

Þ

10-

 

16

gÂ

 

01-

43

8

P

11-

 

14

fCLEARG

02-

42

34

$

12-

 

13

:0

 

03-

45

0

:1

13-

45

1

:1

 

04-

45

1

+

14-

 

40

-

 

05-

 

30

:3

15-

45

3

n

 

06-

 

11

~

16-

 

34

:2

 

07-

45

2

z

17-

 

10

¼

 

08-

 

12

fs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

REGISTERS

 

 

 

 

 

 

 

 

 

 

 

 

 

n: n–#Adv. Pmt.

 

i: i

 

 

PV: Used

 

PMT: –1

 

 

 

 

 

 

 

 

 

FV: 0

 

R0: n

 

R1: #Adv. Pmt.

 

R2: i

 

R3: Loan

 

R4–R.7: Unused

 

 

 

 

 

1.Key in the program.

2.Key in the total number of payments in the lease then press ?0.

3.Key in the total number of payments made in advance then press ?1.

4.Key in the periodic interest rate as a percentage then press ?2.

5.Key in the loan amount and press ?3; then press t to obtain the periodic payment to be received by the lessor.

6.For a new case, return to step 2. The values changed from the previous case are the only values which need to be entered.

File name: hp 12c_user's guide_English_HDPMBF12E44

Page: 152 of 209

Printered Date: 2005/7/29

Dimension: 14.8 cm x 21 cm