Section 14: Leasing 209

Advance Payments With Residual

Situations may arise where a transaction has advance payments and a residual value (salvage value) at the end of the normal term.

Solving for Payment

The following program solves for the periodic payment amount necessary to achieve a desired yield.

KEYSTROKES

DISPLAY

 

(RPN mode)

 

 

 

 

 

 

 

 

fs

 

 

 

 

 

 

 

fCLEARÎ

000,

 

 

001,

43

8

fCLEARG

002,

42

34

:0

003,

45

0

n

004,

 

11

:1

005,

45

1

¼

006,

 

12

:3

007,

45

3

M

008,

 

15

$

009,

 

13

:2

010,

45

2

+

011,

 

40

?5

012,

44

5

0

013,

 

0

M

014,

 

15

:n

015,

45

11

:4

016,

45

4

-

017,

 

30

KEYSTROKES

DISPLAY

 

(ALG mode)

 

 

 

 

 

 

 

 

fs

 

 

 

 

 

 

 

fCLEARÎ

000,

 

 

001,

43

8

fCLEARG

002,

42

34

:0

003,

45

0

n

004,

 

11

:1

005,

45

1

¼

006,

 

12

:3

007,

45

3

M

008,

 

15

$

009,

 

13

+

010,

 

40

:2

011,

45

2

³

012,

 

36

?5

013,

44

5

0

014,

 

0

M

015,

 

15

:n

016,

45

11

-

017,

 

30

File name: hp 12c pt_user's guide_English_HDPMF123E27

Page: 209 of 275

Printed Date: 2005/8/1

Dimension: 14.8 cm x 21 cm