HP 12C Financial 12C 1ÞP, 1ÞP, z~³, 000, 001, 002, 003, 004, 005, 006, 007, 000, 001, 002, 003, 004, 005, 006, 007, $:0+, 3?0-n, –1.00, $+:0³, Display, DISPLAY, DISPLAY

Section 14: Leasing 203

Example 1: Equipment worth $750 is leased for 12 months. The equipment is assumed to have no salvage value at the end of the lease. The lessee has agreed to make three payments at the time of closing. What monthly payment is necessary to yield the lessor 10% annually?

Keystrokes	Keystrokes	Display
(RPN mode)	(ALG mode)
f]	f[
gÂ	gÂ
fCLEARG	fCLEARG
12\	12-	12.00	Duration of lease.
3?0-n	3?0n	9.00	Number of periodic
			payments.
10gC	10gC	0.83
1ÞP	1ÞP	–1.00
$:0+	$+:0³	11.64
750~z	750z~³	64.45	Monthly payment to be
			received.

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

KEYSTROKES	DISPLAY
(RPN mode)
fs
fCLEARÎ	000,
gÂ	001,	43	8
fCLEARG	002,	42	34
:0	003,	45	0
:1	004,	45	1
-	005,		30
n	006,		11
:2	007,	45	2

KEYSTROKES	DISPLAY
(ALG mode)
fs
fCLEARÎ	000,
gÂ	001,	43	8
fCLEARG	002,	42	34
:0	003,	45	0
-	004,		30
:1	005,	45	1
n	006,		11
:2	007,	45	2

File name: hp 12c pt_user's guide_English_HDPMF123E27	Page: 203 of 275
Printed Date: 2005/8/1	Dimension: 14.8 cm x 21 cm