HP 17B calculation request Message #1 Posted by David G on 3 May 2005, 11:17 p.m.
Hello Folks,
I am in serious trouble. I lost about 1/2 of a calculation in my 17B. I am in the equipment leasing business. About 12 yrs ago I was given a calculation that has made my life very easy. Unfortunately somehow I just lost 1/2 the calculation. The hard copy I had in my house burned to the ground along with my house 2 years ago.
So I beg someone to help me. Here is what I am trying to accomplish:
Catagories:
Payment / Cost / Interest / Residual value Percentage / Points / Term / Advance Payments
Here's an example:
I have a $50,000.00 deal. I get an approval from a bank at 8%. I want to make 6 points (%) or $3,000.00 on the deal. The residual value at the end of the term is a 10% Put (balloon). The customer would like a 60 month term and is paying first and last payment in advance leaving 58 payments remaining in the stream.
This is how I used to plug it in to the calculator:
pmt: This is what I am solving
CST: $50,000.00
INT%: 8%
RV%: 10
pts: 6
N: 60
#adv: 2
I would then solve for payment.
This is what I have left of my calculation:
ADV:PMT=((1+PTS *DIVIDED BY* 100)xCST(RV% *DIVIDED BY*)xCSTx(SPPV(I%YR *DIVIDED BY* 12:N))) *DIVIDED BY* (U
That's where I lose it. The *divided by* is the actual symbol. I could not figure out how to express it in any other way.
So can anybody solve this major problem for me? Please help.
