Advanced Lease Payments - Printable Version +- HP Forums (https://www.hpmuseum.org/forum) +-- Forum: HP Software Libraries (/forum-10.html) +--- Forum: HP Prime Software Library (/forum-15.html) +--- Thread: Advanced Lease Payments (/thread-10334.html) Advanced Lease Payments - Eddie W. Shore - 03-17-2018 05:13 PM Introduction The program ADVPMT calculates the monthly payment of lease several payments are paid simultaneously at the beginning of the lease. Firmware 13441 is used. This program uses the TmvPV function from the Finance App. The “Finance.” suffix will allow the program to be used regardless of which app HP Prime is set to. HP Prime Program ADVMPT Code: ```EXPORT ADVPMT(N,I,P,S,A) BEGIN // advance monthly payments // 2018-03-15 EWS // HP 17BII+ LOCAL X; X:=(−P-S* Finance.TvmPV(N,I,0,−1,12))/ (Finance.TvmPV(N-A,I,−1,0,12)+A); RETURN ROUND(X,2); END;``` Example Find the monthly payment of a 48 payment, 4.6% lease where 3 payments are required in advance. The amount financed is \$10,000 with an expected salvage value of \$2,000. Input: ADVPMT(48,4.6,10000,2000,3) Result: -263.54 Each payment will be \$263.54, with the first payment being three times that amount, or \$790.62. Source: Hewlett Packard. HP 17bII+ Financial Calculator User’s Guide Edition 3, 2007 San Diego.