HP 10BII Owner's Manual

Also see for 10bII: Quick reference guide User guide Owner's manual Instruction guide Instruction guide

FV-7500.00PMT“? Money received: by lessoris positive1 2 35 36VYR = 1096N=36 Money paid outРУК «12 by lessor isnegativePV = -13,500.00Begin ModeSet to Begin mode. Press QED if annunciator is not displayed.Keys: Display: Description:OOOH 12.00 Sets payments per year.@@@® 10.00 Stores desired annualyield.COGYGXOXO GP -13,500.00 Stores lease price.@O00mM 7,500.00 Stores residual (buy outvalue).60/0] 36.00 Stores length of lease,in months.Ф)253.99Calculatesmonthlylease payment.Notice that even if the customer chooses not to buy the car, the lessorstill includes a cash flow coming in at the end of the lease equal to theresidual value of the car. Whether the customer buys the car or it is soldon the open market, the lessor expects to recover $7,500.64 5: Time Value of Money Calculations