EL-738 Operation Manual
Page 22
... This calculator assumes interest is called compound interest. Compound interest accumulates at a bank accumulates a certain amount of interest received each month, increasing the account balance. Future value (FV) 21 The compounding period is based on it is compounded periodically in previous months. The amount of interest each month depends on a periodic basis...
... This calculator assumes interest is called compound interest. Compound interest accumulates at a bank accumulates a certain amount of interest received each month, increasing the account balance. Future value (FV) 21 The compounding period is based on it is compounded periodically in previous months. The amount of interest each month depends on a periodic basis...
EL-738 Operation Manual
Page 23
... display. • Make sure the calculator is not displayed). ". 22 Variables used in NORMAL mode. • All the TVM solver variables retain their previously entered values. Press s to page 19 for mortgages, loans, leases, savings, annuities, and contracts or investments with regular payments. b. 2. An amortization schedule can be done ... 1 I/Y f Interest rate per year Setting the payment period (payment due) You can be calculated using . w i Number of compounding 1 periods per year 0 PV v Present value 0 PMT u Payment 0 FV T Future value 0 P/Y . ".
... display. • Make sure the calculator is not displayed). ". 22 Variables used in NORMAL mode. • All the TVM solver variables retain their previously entered values. Press s to page 19 for mortgages, loans, leases, savings, annuities, and contracts or investments with regular payments. b. 2. An amortization schedule can be done ... 1 I/Y f Interest rate per year Setting the payment period (payment due) You can be calculated using . w i Number of compounding 1 periods per year 0 PV v Present value 0 PMT u Payment 0 FV T Future value 0 P/Y . ".
EL-738 Operation Manual
Page 25
...(BGN is 7.17%. Set the number of payments and store in N. ANS~N 24000 Enter the present value. 56000 v 56---~PV 5600000 Enter payment. , 440 u (-44-)~PMT -44000 Enter the future value. 0 T -~FV 000 Calculate the annual interest rate. @ f I/Y= 717 Answer: The annual interest... rate is not displayed). P/Y= 1200 The number of i compounding periods per year to default values. After pressing the TVM variable key, you make a...
...(BGN is 7.17%. Set the number of payments and store in N. ANS~N 24000 Enter the present value. 56000 v 56---~PV 5600000 Enter payment. , 440 u (-44-)~PMT -44000 Enter the future value. 0 T -~FV 000 Calculate the annual interest rate. @ f I/Y= 717 Answer: The annual interest... rate is not displayed). P/Y= 1200 The number of i compounding periods per year to default values. After pressing the TVM variable key, you make a...
EL-738 Operation Manual
Page 26
s tings. N = 4 × 20 years = 80 Procedure Set all the variables to 4. . Calculate the total 20 . < N number of payments per year. Enter the present value. 56000 v Enter the future value. 0 T Enter the annual interest 6.5 f rate. Quit the P/Y and C/Y set (BGN is not displayed). Key operation . w 4 Q Confirm the number of i compounding periods per year...
s tings. N = 4 × 20 years = 80 Procedure Set all the variables to 4. . Calculate the total 20 . < N number of payments per year. Enter the present value. 56000 v Enter the future value. 0 T Enter the annual interest 6.5 f rate. Quit the P/Y and C/Y set (BGN is not displayed). Key operation . w 4 Q Confirm the number of i compounding periods per year...
EL-738 Operation Manual
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... set (BGN is not displayed). Quit the P/Y and C/Y s settings. Calculate the total num- 3 . < N ber of com- 3 Calculating future value You will pay - . Key operation . Set the number of payments and store in N. Enter the present value. 0 v Enter payment. , 200 u Enter the annual inter- 6.5 f est rate. w 12 Q ments per year to 4. PMT = -$200 PMT...
... set (BGN is not displayed). Quit the P/Y and C/Y s settings. Calculate the total num- 3 . < N ber of com- 3 Calculating future value You will pay - . Key operation . Set the number of payments and store in N. Enter the present value. 0 v Enter payment. , 200 u Enter the annual inter- 6.5 f est rate. w 12 Q ments per year to 4. PMT = -$200 PMT...
EL-738 Operation Manual
Page 28
... Make sure ordinary annuity is set (BGN is automatically set to default values. N = 20 years I /Y 500 Calculate the present @ v value. Key operation . 4 Calculating present value You open an account that earns 5% compounded annually. P/Y= 100 The number of payments. 2-~N 2000 Enter the future value. 10000 T 1----~FV 1000000 Set payment to zero. 0 u -~PMT 000 Enter the annual...
... Make sure ordinary annuity is set (BGN is automatically set to default values. N = 20 years I /Y 500 Calculate the present @ v value. Key operation . 4 Calculating present value You open an account that earns 5% compounded annually. P/Y= 100 The number of payments. 2-~N 2000 Enter the future value. 10000 T 1----~FV 1000000 Set payment to zero. 0 u -~PMT 000 Enter the annual...
EL-738 Operation Manual
Page 30
... leased for 10% of the retail price. Procedure Key operation Display Enter the total number s 18 N of payments. 18~N 1800 Enter the future value. 300000 T 3-----~FV 30000000 Set the present value to 0 v zero. -~PV 000 Enter the annual inter- 3.6 f est rate. 3.6~I /Y = ?% Procedure Set all the variables to ...obtain a computer system with a value of $2,995. Key operation . " 000 Set the number of pay- . b Display 000 Set to annuity due (BGN is displayed). . The same ...
... leased for 10% of the retail price. Procedure Key operation Display Enter the total number s 18 N of payments. 18~N 1800 Enter the future value. 300000 T 3-----~FV 30000000 Set the present value to 0 v zero. -~PV 000 Enter the annual inter- 3.6 f est rate. 3.6~I /Y = ?% Procedure Set all the variables to ...obtain a computer system with a value of $2,995. Key operation . " 000 Set the number of pay- . b Display 000 Set to annuity due (BGN is displayed). . The same ...
EL-738 Operation Manual
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... 30 Press s to exit the P/Y and C/Y settings. Enter the total number s 24 N of payments. 24~N 2400 Enter the future value. 2995 x 10 . % T ANS~FV 29950 Enter payment. , 145 u (-145)~PMT -14500 Enter the present value. 2995 v 2995~PV 299500 Calculate the annual interest rate. @ f I /Y = 18% ...... Procedure Key operation Display The number of compounding...
... 30 Press s to exit the P/Y and C/Y settings. Enter the total number s 24 N of payments. 24~N 2400 Enter the future value. 2995 x 10 . % T ANS~FV 29950 Enter payment. , 145 u (-145)~PMT -14500 Enter the present value. 2995 v 2995~PV 299500 Calculate the annual interest rate. @ f I /Y = 18% ...... Procedure Key operation Display The number of compounding...
EL-738 Operation Manual
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... annual inter- 18 f est rate. 18~I /Y = 5.5% ...... PV = ? P/Y= 1200 The number of $900, how much do you borrow? Enter the total number s 34 N of pay- . b default values. 000 Set to 12. PV= 627995 Answer: $6,279.95 should be charged for $180,000. If you can afford a monthly payment of compounding periods per... Press s to buy a house for the machine. 4 Calculating down payment? The finance company charges a 5.5% APR, compounded monthly, on a 25-year loan. I /Y 1800 Enter the future value. , 1500 T (-15--)~FV -150000 Calculate the present...
... annual inter- 18 f est rate. 18~I /Y = 5.5% ...... PV = ? P/Y= 1200 The number of $900, how much do you borrow? Enter the total number s 34 N of pay- . b default values. 000 Set to 12. PV= 627995 Answer: $6,279.95 should be charged for $180,000. If you can afford a monthly payment of compounding periods per... Press s to buy a house for the machine. 4 Calculating down payment? The finance company charges a 5.5% APR, compounded monthly, on a 25-year loan. I /Y 1800 Enter the future value. , 1500 T (-15--)~FV -150000 Calculate the present...
EL-738 Operation Manual
Page 33
...down payment. Press s to 0 T zero. -~FV 000 Calculate the present @ v value. N ANS~N 30000 Enter payment. , 900 u (-9--)~PMT -90000 Enter the annual inter- 5.5 f est rate. 5.5~I/Y 550 Set the future value to exit the P/Y and C/Y settings. Procedure Set all the variables to 12. The price... of compounding periods per year to default values. Key operation . w 12 Q ments per year is automatically set (BGN is...
...down payment. Press s to 0 T zero. -~FV 000 Calculate the present @ v value. N ANS~N 30000 Enter payment. , 900 u (-9--)~PMT -90000 Enter the annual inter- 5.5 f est rate. 5.5~I/Y 550 Set the future value to exit the P/Y and C/Y settings. Procedure Set all the variables to 12. The price... of compounding periods per year to default values. Key operation . w 12 Q ments per year is automatically set (BGN is...
EL-738 Operation Manual
Page 45
...12 months of the bond. For bonds that have semi-annual coupons. "1" for annual coupons and "2" for semi-annual coupons. *4 Per $100 par value. Variables used in two equal payments six months apart. The calendar range is based on which a coupon payment is made is usually the last coupon...: Bonds are associated with payment methods known as coupons. The bond maturity date is called the "coupon date." The date on the future value of the security per $100 par value. *2 You can change the date format to D-M-Y (see page 10). *3 You can obtain bond prices, yields to December 31, 2099...
...12 months of the bond. For bonds that have semi-annual coupons. "1" for annual coupons and "2" for semi-annual coupons. *4 Per $100 par value. Variables used in two equal payments six months apart. The calendar range is based on which a coupon payment is made is usually the last coupon...: Bonds are associated with payment methods known as coupons. The bond maturity date is called the "coupon date." The date on the future value of the security per $100 par value. *2 You can change the date format to D-M-Y (see page 10). *3 You can obtain bond prices, yields to December 31, 2099...