Oey), Bm]0 – HP 10B User Manual
Page 68
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oEy)
0.00
Stores
FV
for step 1.
18 il/YR
18.00
Stores interest rate.
m
81.735.58
Calculates present value
of 47 monthly payments.
Step 2.
Add the additional advance payment to PV. Store the answer.
m iRCLi iPMTi m
Adds additional advance
S
84,135.58
payment.
F
m
]
84,135.58
Stores result in M
register.
Step 3.
Find the present value of the buy option.
48
El
48.00
Stores month when buy
option occurs.
0 fPMTl
0.00
Stores zero payment for
this step of solution.
15000 m iFVI
-15,000.00
Stores value to discount.
m
7,340.43
Calculates present value
of last cash flow.
Step 4,
Add the results of steps 2 and 3.
Keys:
Display:
Description:
(±)[BM]0
91,476.00
Calculates present
(capitalized) value of
lease. (Rounding
discrepancies are
explained on page 58.)
5: Time Value of Money Calculations 65