Sharp EL-738 Support Question
Sharp EL-738 Support Question
Find answers below for this question about Sharp EL-738.Need a Sharp EL-738 manual? We have 1 online manual for this item!
Question posted by petersethukga on September 22nd, 2013
Calculations Of A Down Annuity Payment
How do calculate a down payment using a Sharp EL-738 if : FV is 10000, intrest rate is 12 percent, Term is 3 years and payments are made monthly.
Current Answers
Related Sharp EL-738 Manual Pages
EL-738 Operation Manual - Page 6
... function if the calculator is subjected to Use the Calculator
Before using your calculator for the first time, you must reset (initialize) it. k and 1 = will erase all data stored in memory and restore the calculator's default setting. Resetting the calculator
Press the RESET switch located on the back of the calculator with a breakable or sharp tip.
• After...
EL-738 Operation Manual - Page 8
... actual calendar. Press g / y to the displayed variable using @.
ENT : Indicates that the displayed variable can be changed in orange are based on a 360-day year (12 months with 30 days). is pressed, indicating that variables or data are enabled. When BGN is not displayed, date calculations use , not all symbols are displayed at the beginning of...
EL-738 Operation Manual - Page 15
... occurs, pressing g or y automatically moves the cursor to "3". For details, see page 76. Memory use in financial calculations and statistical calculations.
Change "15" to "25" 2 y y and move the cursor to the place in each mode for memory calculations
Mode
NORMAL STAT
A-H,
TVM Listed financial Statistical
X-Z M ANS variables*1 variables*2 variables *3
×
×
×...
EL-738 Operation Manual - Page 17
... statistical variables.
Statistical variables Statistical data is omitted between "π" and a variable.
16 Note: Use of f or i will recall the value stored in subsequent calculations. of calculation (for example, both bond calculations and the TVM solver use the values held in statistical variables in memory using up the variable. Statistical variables are the results of the...
EL-738 Operation Manual - Page 20
Executing calculation Press @ and the corresponding TVM variable key. Ex. 100 x 12 Q B. C. Note: Pressing . Press @ when the "COMP" symbol appears. Basic variable operations
TVM variables (N, I/Y, PV, PMT, FV) A. Listed financial variables A. Enter the value and press Q when the "ENT" symbol
appears. Use z/i to the default values. Note: In step 3, you can also ...
EL-738 Operation Manual - Page 23
... clear the display. • Make sure the calculator is not displayed). w i Number of compounding
1
periods per year
Setting the payment period (payment due)
You can toggle between ordinary annuity (payment at the end of the period) and annuity due (payment at the beginning of payments
1
I/Y
f
Interest rate per year 1
C/Y
. ".
22 Variables used in NORMAL mode. • All the...
EL-738 Operation Manual - Page 25
... periods per year to the same value as P/Y. Note: If you must re-enter values from the beginning.
24 b
Display
000
Make sure ordinary annuity is 7.17%.
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...
EL-738 Operation Manual - Page 27
...
Set all the variables to 12.
w 12 Q ments per year to 4. i 4 Q pounding periods per year to default values.
b
Display
000
Make sure ordinary annuity is set (BGN is not displayed). Calculate the total num- 3 . < N ber of com-
Enter the present value. 0 v
Enter payment.
, 200 u
Enter the annual inter- 6.5 f est rate. PV = 0
I /Y
650
FV=
792219
Answer: You will have...
EL-738 Operation Manual - Page 29
...applied to loan calculations, etc.
FV = $300,000
PV = 0
I/Y = 3.6% ......
P/Y=
1200
The number of compounding periods per year to reach the savings objective, assuming the account will be in order to 12. A regular cash flow (payment) is set to open a second location. To toggle between ordinary annuity and annuity due, press .
What should the monthly investment be...
EL-738 Operation Manual - Page 30
... the annual inter- 3.6 f est rate.
3.6~I /Y = ?%
Procedure
Set all the variables to purchase the computer? PV = $2,995
FV = $2,995 × 10% = $299.5
PMT = -$145
...... Key operation . P/Y=
1200
29 N = 24
I /Y
360
Calculate payment.
@ u
PMT=
-1624570
Answer: The monthly investment should be $16,245.70.
2 Annuity due
Your company wishes to annuity due (BGN is displayed).
.
EL-738 Operation Manual - Page 32
...
Calculate the present @ v value. FV = 0
PMT = -$900
N = 12 × 25 years = 300
31 "
000
Set the number of payments.
34~N
3400
Enter payment.
, 200 u
(-2--)~PMT
-20000
Enter the annual inter- 18 f est rate.
18~I /Y = 5.5% ......
Procedure
Key operation
Display
Set all the variables to 12. b default values.
000
Set to exit the P/Y and C/Y settings. Press s to annuity...
EL-738 Operation Manual - Page 33
... house is $180,000, so: Down payment = $180,000 - w 12 Q ments per year is not displayed). present value = $180,000 - $146,558.92 You need $33,441.08 for a down payment. Procedure
Set all the variables to 0 T zero.
-~FV
000
Calculate the present @ v value. b
Display
000
Make sure ordinary annuity is set (BGN is automatically set to...
EL-738 Operation Manual - Page 38
...; Press , to enter a negative cash flow (outflow). • Make sure the calculator is in the following cash flow diagram.
$7,000 $9,000 $5,000 $5,000 $8,000
-$25,000 37... Use the TVM solver for equal and regular cash flow analysis (see page 22).
Discounted Cash Flow Analysis
Analyze unequal cash flows and calculate the net present value (NPV) and the internal rate ...
EL-738 Operation Manual - Page 41
...
Description Internal rate of 5000 from -25,000 to browse through each data item. Press s to page 19 for discounted cash flow analysis.
NPV and IRR
The calculator solves the following cash flow values:
Net present value (NPV): The total present value of zero.
Variables used in NORMAL mode.
40
Basic...
EL-738 Operation Manual - Page 44
... dis-
Procedure
Key operation
Bring up the initial dis- i @
NET_PV=
662752
Answer: As NPV = 6,627.52 > 0, the product can be developed.
43 b to clear it.
2.
Calculate NPV.
RATE(I/Y)=
000
Enter the discount rate. 12 Q
RATE(I/Y)=
1200
Calculate NPV (NET_PV). Enter the cash flow data.
EL-738 Operation Manual - Page 45
... from January 1, 1901 to D-M-Y (see page 10). *3 You can only enter "1" or "2" - The actual calendar is set by the owner of the bond. Bond Calculations
Using bond calculations, you can toggle between the actual calendar (365 days plus leap years) and a 360-day calendar (12 months of 30 days each) using . &.
Variables used in two equal payments six months apart.
EL-738 Operation Manual - Page 47
.... Calculating bond price and accrued interest
A $100, 20-year, 6.5% coupon bond is issued to mature on November 3, 2006 to yield the purchaser 7.2% compounded semiannually until maturity. Enter the settlement date.
i 100 Q i 11032006 Q
REDEMPT(FV)=
10000
M-D-Y 1=[FR]
11- 3-2006
Enter the redemption i 08152023 Q M-D-Y 2=[TU]
date.
8-15-2023
Enter the number of coupon payments per year...
EL-738 Operation Manual - Page 51
...
Enter the starting month. O
SL
---------- i 4 Q
START MONTH=
400
Enter the cost of depreciation. i 3 Q lating depreciation value. RDV=
136250000
Answer: At the third year, the depreciation amount is $50,000, the remaining book value is $1,362,500, and the remaining depreciable value is $1,362,500.
50
YEAR=
300
Calculate depreciation i for the third year using the straight-line...
EL-738 Operation Manual - Page 52
... APR: Number of compounding periods per year > Effective interest rate . !
P
12 > 19.56 . !
Enter the calculation data in NORMAL mode.
2. Display
12,18¬EFF
1956
12,19.56¬APR
1800
51 Basic operations
1. Key operation s 12 > 18 .
For example, if your investment compounds monthly, then the stated nominal percentage rate becomes a monthly rate, and the EFF refl...
EL-738 Operation Manual - Page 73
... Formulas
TVM solver
PMT, PV, FV, N
Error
If PMT ≠ 0 or N ≠ 1 then find i using the following equations:
+
Error i≤ -1
Amortization calculations
Calculations (for PV, PMT, and i, see the TVM solver)
END INT(1) = ROUND(-PV × i) BGN INT(1) = 0 PRN(1) ... AMRT P1 > AMRT P2
Discounted cash flow analysis
m
m
CF
where i =
RATE(I/Y) 100 , CFimax = the maxi-
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