HP 12c financial calculator Manuale Utente
154 Section 14: Leasing
File name: hp 12c_user's guide_English_HDPMBF12E44
Page: 154 of 209
Printered Date: 2005/7/29
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.
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
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§+$.
6. Press ¼ to obtain the periodic yield.
5. Key in the total amount of the loan then press Þ:0:P§+$.
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 ($1800). What is the annual
yield to the lessor?
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 ($1800). What is the annual
yield to the lessor?
Keystrokes Display
gÂ
fCLEARG
60\3
?0-n
57.00
Number of periodic payments.
600P
25000Þ:0
3.00
Number of advance payments.
:P§+$
-23,200.00 PV.
¼
1.44
Monthly yield (calculated).
12§
17.33
Annual yield (as a percentage).