Sharp EL738C EL-738 Operation Manual

Sharp EL738C - ELECTRONICS EL-738C Financial Calculator Manual

Sharp EL738C manual content summary:

  • Sharp EL738C | EL-738 Operation Manual - Page 1
    MODEL EL-738 BUSINESS/FINANCIAL CALCULATOR OPERATION MANUAL
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    under certain circumstances. Therefore, SHARP assumes no responsibility for data lost or otherwise rendered unusable whether as a result of improper use, repairs, defects, battery replacement, use after the specified battery life has expired, or any other cause. For Australia/New Zealand only: For
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    Financial Functions 17 General Information 17 TVM (Time Value of Money) Solver 22 Amortization Calculations 33 Discounted Cash Flow Analysis 37 Bond Calculations 44 Depreciation Calculations 48 Conversion between APR and EFF 51 Day and Date Calculations 52 Percent Change/Compound Interest
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    Introduction Thank you for purchasing a SHARP Business/Financial Calculator. After reading this manual, store it in a convenient location for future reference. • Display of examples shown in this manual may not look ex- actly the same as what is seen on the product. For instance, screen examples
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    ብ Functions that are printed in black adjacent to the keys are effective in specific modes. Using the . and i keys Press s . t i instruction "×" and alphabetic letter "X" are distinguished as follows: Key Display Multiplication instruction → x × Alphabetic letter →X X • Examples in this manual
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    tip of a ball-point pen or similar object. Do not use an object with a breakable or sharp tip. • After resetting the calculator, the initial display of the NORMAL mode appears. 000 Resetting the Calculator In Case of Difficulty Caution: The RESET operation will erase all data stored in memory and
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    key ቢ Display screen ባ Power ON/OFF and Clear key ቦ Cursor keys ቧ MODE key ቢ Display screen: The calculator display consists of a 12-character dot matrix character line and a 12-digit 7-segment and date format. ቦ Cursor keys: Move the cursor. ቧ MODE key: Switches between NORMAL and STAT modes. 6
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    , date calculations use the actual calendar. ENT : Indicates that a value can be assigned to the displayed variable using Q. COMP : Indicates that the displayed variable can be solved for by using @. FLOAT A / FLOAT B / TAB / SCI: Indicates the notation used to display values. It can be changed in
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    number of decimal places The calculator has three display notation systems (fixed decimal point, scientific notation and floating point) for displaying calculation results. • If ~ 0 0 (TAB) is pressed, "DIG(0-9)?" will be displayed and the number of decimal places can be set to any value between 0 and
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    ÷ 3 = Fixed decimal point with two decimal places → Scientific notation (SCI) with two significant digits → Floating point (FLO_A) Key operation s 100000 8 3 = ~ 0 1 2 ~ 0 2 3 ÷ 1000 = Floating point (FLO_A) → Floating point (FLO_B) s 3 8 1000 = ~ 0 3 → Fixed decimal point with two decimal places
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    EU (Day-Month-Year): ~ 3 1 Operating Modes This calculator has two operating modes, which can be selected using the MODE key. Selecting a mode 1. Press m. The menu display appears. 2. Press 0 or = to select NORMAL mode. • Press 1 or y = to select STAT mode. NORMAL STAT 0 1 000 SD LINE QUAD 01
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    keys 0 to 9, decimal point key ., and sign change key , to enter numbers into the calculator. To clear the display or entry, press s. • Use the S key to enter a value in scientific notation. • Use the arithmetic keys + - x 8 to perform the standard arithmetic calculations of addition, subtraction
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    variables are also cleared or restored to default settings. *6 Press . b when a cash flow value is displayed. *7 Statistical data (entered data) and variables (n, x, etc.) *8 Are cleared when changing between sub-modes in STAT mode. Notes: • To clear any of the "A-H, M, X-Z" or "ANS" memories, press
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    in the insert mode, move the cursor to the place immediately after where you wish to insert, then make the desired entry. In the overwrite mode, data under the cursor will be overwritten by the number you enter. • This mode setting will be retained until you press . d or RESET the calculator. 13
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    to insert . d mode. Change "3" to "13" 1 = and calculate. 15©3 25©3 25©3 25©13= 192 Errors An error will occur if an operation exceeds the calculation ranges, or if a mathematically illegal operation is attempted. When an error occurs, pressing g or y automatically moves the cursor to the place in
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    financial variables Financial variables are specific to the type of calculation they are used in. For example, the variable N is available to the TVM solver but not to discounted cash flow analysis calculations. If you want to carry a value from a variable over into a different type of calculation, use
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    . Statistical variables are the results of the calculation of statistical data. Therefore, you cannot enter values directly into statistical variables. After calculation, however, you can use the values held in statistical variables in subsequent calculations. Note: Use of f or i will recall the
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    amortization schedules using values stored in the TVM solver. Discounted cash flow analysis: Analyze unequal cash flows and calculate NPV (net present value) and IRR (internal rate of return). Bond calculations: Solve bond prices or yields to maturity with accrued interest. Depreciation calculations
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    values stored in these variables. TVM solver Discounted cash flow analysis Bond calculations Depreciation calculations Percent change/ Compound interest calculations Day and date calculations N - CPN/Y (N) LIFE (N) PERIODS (N) I/Y RATE (I/Y) YIELD (I/Y) DB (I/Y) % (I/Y) PV - PRICE
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    . Note: In step 3, you can also enter values into variables using arithmetic operations. Ex. 100 x 12 Q B. Displaying a value 1. Use z/i to show the variable and value. C. Executing calculation 1. Use z/i to select the variable you wish to calculate. 2. Press @ when the "COMP" symbol appears. Note
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    as an unknown, but not as a known. Variable can be used as either a known or an unknown. Unknown variable, but the calculator calculates the value automatically. Notes: • During financial calculation, the word "calculating!" will be displayed on the screen. You can press s at this time to cancel the
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    ed or assumed (usually monthly). Cash flow diagrams The direction of arrows indicates the direction of cash movement (inflow and outflow) with time. This manual uses the following cash flow diagrams to describe cash inflows and outflows. Present Inflow (+) value (PV) Cash flow Outflow (-) Time Payment
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    ). An amortization schedule can be calculated using the information stored in the TVM solver (see page 33). Variables used in the TVM solver Variable Corresponding variable key Description Default value N N Total number of payments 1 I/Y f Interest rate per year 0 PV v Present value
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    (compounded monthly) requires monthly payments of $440 during its 20-year amortization period. Calculate the annual interest rate on the mortgage. PV = $56,000 PMT = -$440 FV = 0 ...... I/Y = ?% N = 12 × 20 years = 240 Default values for the number of payments per year (P/Y) and the number of
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    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 7.17%. Note: If you make a mistake
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    the total 20 . < N number of payments and store in N. Enter the present value. 56000 v Enter the future value. 0 T Enter the annual interest 6.5 f rate. Calculate the quarterly payment. @ u P/Y= 400 C/Y= 400 000 ANS~N 8000 56---~PV 5600000 -~FV 000 6.5~I/Y 650 PMT= -125586 Answer: The
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    the total num- 3 . < N ber 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. Calculate the future value. @ T P/Y= 1200 C/Y= 400 000 ANS~N 3600 -~PV 000 (-2--)~PMT -20000 6.5~I/Y 650 FV= 792219 Answer: You will have
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    C/Y settings. Enter the total number s 20 N 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 inter- 5 f est rate. 5~I/Y 500 Calculate the present @ v value. PV= -376889 Answer: You should deposit $3,768.89 now. 27
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    payment period. Often applied to loan calculations, etc. Annuity due (BGN): BGN appears on the display. A regular cash flow (payment) is received at the earn 3.6% interest compounded monthly? FV = $300,000 PV = 0 I/Y = 3.6% ...... PMT = ? Procedure Set all the variables to default values. N =
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    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 360 Calculate payment. @ u PMT= -1624570 Answer: The monthly investment should be $16,245.70
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    would be 7.08%, which is less than that of the interest rate on a two-year loan, so it would be more cost-effective to lease a computer system than to purchase one. 3 Calculating the present value of a lease with trade-in value Your client wishes to buy a machine currently leased from your company
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    , 200 u (-2--)~PMT -20000 Enter the annual inter- 18 f est rate. 18~I/Y 1800 Enter the future value. , 1500 T (-15--)~FV -150000 Calculate the present @ v value. PV= 627995 Answer: $6,279.95 should be charged for the machine. 4 Calculating down payment and amount to borrow You wish to buy
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    -90000 Enter the annual inter- 5.5 f est rate. 5.5~I/Y 550 Set the future value to 0 T zero. -~FV 000 Calculate the present @ v value. PV= 14655892 Calculate the down payment. s 180000 f v = 18-----PV= 3344108 Answer: You can borrow $146,558.92 in total. The price of the house is $180,000
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    19 for basic variable operations. 1. Press s to clear the display. • Make sure the calculator is in NORMAL mode. • All the TVM solver variables retain their previously entered values. If you wish to clear all the data, press . b. 2. Select ordinary annuity or annuity due using . ". 3. Enter the
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    the next period of payment will be automatically calculated and displayed. • To end amortization calculations, press s. Pressing s during entry will clear the value entered. 1 Calculating mortgage payments and generating an amortization schedule 1. Calculate the monthly payment of a 20-year loan
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    i balance. BALANCE= 8633592 Display the principal paid. i ÍPRINCIPAL= -261556 Display the interest paid. i ÍINTEREST= -478316 4. Calculate the amortization schedule for the third year. Procedure Key operation Change amortization schedule to the third year and enter the next 12 months
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    ,000, with an annual interest rate of 8.5%. If, after the 48th period, you want a balloon payment due, what amount of monthly payment must you make with monthly compounding and how much will the balloon payment be? Procedure Set all the variables to default values. Key operation s . b Display 000
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    Flow Analysis Analyze unequal cash flows and calculate the net present value (NPV) and the internal rate of return (IRR). Note: Use the TVM solver for equal and regular cash flow analysis (see page 22). Entering cash flow data To find NPV and IRR using discounted cash flow analysis, enter cash flow data
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    on calculator display notation settings. Confirming and editing data Confirming data Press > to display any previously entered cash flow data. The data is displayed in order by data item (identifier, number, and value). Use z/ i to display a data item from a previously entered data set. Cash flow
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    after, and then press . e. A new data set with a cash flow value of zero and a frequency value of one will be inserted. Modify the new data set to include your data. Correcting cash flow data Currently the cash flow data is that shown in chart A. Change it according to chart B. Chart A $7,000
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    NPV and IRR The calculator solves the following cash flow values: Net present value (NPV): The total present value of all cash flows, including cash paid out (outflows) and cash received (inflows). A profitable investment is indicated by a positive NPV value. Internal rate of return (IRR): The interest
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    value is displayed, press s to exit and then press .
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    there is cash flow data stored, press > . b to clear it. 2. Calculate IRR. Procedure Key operation Select discounted cash . < . b flow analysis, and set all the variables to default values. Calculate IRR (RATE @ (I/Y)). Display RATE(I/Y)= 000 RATE(I/Y)= 2314 Answer: The net present value of the
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    mode. 000 *1 If there is cash flow data stored, press > . b to clear it. 2. Calculate NPV. Procedure Key operation Display Select discounted cash . < . b flow analysis, and set all the variables to default values. RATE(I/Y)= 000 Enter the discount rate. 12 Q RATE(I/Y)= 1200 Calculate NPV
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    Bond Calculations Using bond calculations, you can obtain bond prices, yields to maturity, and accrued interest. Variables used in bond calculations Variable Description Default value COUPON (PMT) Annual coupon rate (%) 0 REDEMPT (FV) Redemption value *1 0 M-D-Y 1*2 Settlement date (date of
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    is in NORMAL mode. 2. Select bond calculations by pressing #. COUPON(PMT)= • To end bond calculations, press s. 000 • If you press s during entry, any entered values will be cleared. 3. Change the day-count setting, if necessary, by pressing . &. 4. Enter the coupon rate (%) into COUPON (PMT
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    coupon interest. Procedure Key operation Bring up the initial dis- s play in NORMAL mode. Display 000 Select bond calculations. # COUPON(PMT)= 000 Make sure the actual calendar is set (360 is not displayed). Enter the coupon rate 6.5 Q (%). COUPON(PMT)= 650 Enter the redemption value
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    Change the bond price # i i i to $92.50. i i i 92.5 Q Calculate the yield. z @ Answer: The yield will be 7.28%. Display PRICE(PV [FR]: Friday, [SA]: Saturday. • The default value for dates is: January 1, 2001 (1-1-2001). • The effective range of dates is: January 1, 1901 to December 31
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    method, and the declining balance method. Variables used in depreciation calculations Variable Description Default value DB (I/Y)*1 Interest per year 0 LIFE (N) Years of depreciation 1 START MONTH . 1. Press s to clear the display. • Make sure the calculator is in NORMAL mode. 48
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    and press Q. • To end depreciation calculations, press s. If you press s during entry, any entered values will be cleared. 4. Enter the number i, entering the value, and pressing Q. • You can enter values between 1 and 13. • Generally, it is not necessary to enter a decimal value. However, if
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    and no salvage value. The building costs $1,500,000. Calculate the depreciation amount, remaining book value and remaining depreciable value for the third year using the straight-line depreciation method. Procedure Key operation Display Bring up the initial display in NORMAL mode, and select the
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    sure the calculator is in NORMAL mode. 2. Enter the calculation data in the following format: • To change APR to EFF: Number of compounding periods per year > Nominal percentage rate . P • To change EFF to APR: Number of compounding periods per year > Effective interest rate . ! Converting between
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    clear the display. • Make sure the calculator is in NORMAL mode. 2. Select day and date calculations by pressing K. • To end day and date calculations, press s. If you press M-D-Y 1=[MO] 1- 1-2001 s during entry, any entered values will be cleared. 3. Change the day-count method, using . &, if
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    format and the actual calendar). Procedure Key operation Bring up the initial dis- s play in NORMAL mode. Select day and date calculations, and set all the variables to default values. K . b Display 000 M-D-Y 1=[MO] 1- 1-2001 Make sure the actual calendar is set (360 is not displayed). Enter
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    calculations, you can determine the values of percentage rates of change (increase or decrease) or interest rates compounding periodically. Variables used in percent change/compound interest calculations Variable Description OLD PRC (PV) Old price (old value) NEW PRC (FV) New price (new value
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    have $9,800. What is the compound interest rate? Procedure Key operation Bring up the initial dis- s play in NORMAL mode. Display 000 Select percent change/ compound interest calculations, and set all the variables to default values. . B . b Enter the old value. 8000 Q OLD PRC(PV)= 000 OLD
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    interest rate is 1.13%. Cost/Sell/Margin/Markup Calculations Using cost/sell/margin/markup calculations, you can determine costs, selling prices, margins and markup. Variables used in cost/sell/margin/markup calculations Variable Description Default value COST Cost 0 SELL Selling price
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    the initial dis- s play in NORMAL mode. 000 Select cost/sell/margin I . b markup calculations, and set all the variables to default values. COST= 000 Enter cost. 455.6 Q COST= 45560 Enter markup rate. i i i 95 Q MARK UP= 9500 Calculate selling price. z z @ SELL= 88842 Answer: The selling
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    Fixed cost Variable cost per unit Unit price Profit Quantity Default value 0 0 0 0 0 Basic operations Refer to page 19 for basic variable operations. 1. Press s to clear the display. • Make sure the calculator is in NORMAL mode. 2. Select breakeven calculations by pressing $. • To end breakeven
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    to default values. $ . b FIXED= 000 Enter fixed cost. 15000 Q FIXED= 1500000 Enter variable cost per i 75.80 Q unit. VARIABLE= 7580 Enter unit price. i 120 Q PRICE= 12000 Leave profit as is. i PROFIT= 000 Calculate quantity. i @ QUANTITY= 33937 Answer: The breakeven point of this
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    • When a listed financial variable is displayed, you can enter the result of a scientific calculation into it by pressing Q immediately after completing the calculation. • Scientific calculations can also be performed in STAT mode. • The examples in this chapter are all performed under the SET UP menu
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    Scientific Calculations Example sin 60 [°] = cos -π4 [rad] = tan-1 1 [g] = Key operation s . { 60 = ~ 1 1 . c ( . t 84 ) = ~ 1 2 . 71 = tan-1 1 [°] = ~ 1 0 . 71 = Display sin60= 087 cos(π©4)= 071 tan-|1= 5000 tan-|1= 4500 • The range of
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    % 30%) = Result 2400 72000 1000 12500 3000 62500 28000 Random Functions This calculator has four kinds of random functions (the 2nd function of the - key). Random significant digits, set the display notation settings to "floating point". Random dice To simulate a die roll, a random integer between
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    number of decimal places indicated, a displayed calculation result may differ from that held internally. By using the modify function (the 2nd function of the + key), the internal value is converted to match that of the display, so that the displayed value can be used without change in subsequent
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    regression Display Stat - Stat 1 Stat 2 Stat 3 Stat 4 Stat 5 Stat 6 Entering statistical data Before you can perform statistical calculations, you will need to enter your data. In STAT mode, use > and J (the Q key) to enter the following: For a single-variable data set: Value J Value > frequency
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    Stat - 000 Enter statistical data.*1 30 J DATA SET1=00*2 40 > 2 J DATA SET= 200 50 J DATA SET= 300 Return to the "Stat 0" s display. Stat - 000 *1 If there is data stored in memory, press . b (within STAT mode) to clear it. *2 The format of the data set (the sample and frequency values
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    also deleted. • If you wish to delete all data, press . b. Inserting data Using the z and i keys, specify the correct place to insert your new data by displaying the value that is to come directly after, and then press . e. A new data set with a value of zero and a frequency of one will be inserted
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    30 45 45 45 60 Procedure Display the statistical data. Key operation i Change the "40, 2" data i i 45 J set to "45, 3". i 3 J Delete "50". i . ? Add "60". 60 J Display X1= 3000 FRQ2= 300 Stat - 000 DATA SET= 300 Statistical Calculations and Variables The following results can be obtained
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    actual calculation takes place, it obtains all statistics - except coefficients a and b - from converted data rather than from entered data. Variables Content n Number of samples x Mean of samples (x values) sx Sample standard deviation (x values) ᶃ σx Population standard deviation (x values
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    1 Single-variable statistical calculation Example DATA 95 Key operation m 1 0 . b 95 J Result Stat - 000 DATA SET=100 80 80 J DATA SET=200 80 J 75 75 75 > 3 J 75 50 50 J DATA SET=300 DATA SET=400 DATA SET=500 x = f = -x = 7571 σx = f 2 σ≈= 1237 n = f n n= 700 Σx = f U Í≈=
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    21 40 21 40 21 > 40 > 3 J 21 40 15 25 15 > 25 J a = f a b = f b r = f r sx = f 4 sy = f 5 x = 3 y´ = ? 3 . ? y = 46 x´ = ? 46 . 9 Result Stat 1 000 DATA SET=100 DATA SET=200 DATA SET=300 DATA SET=400 DATA SET=500 a= 105 b= 183 r= 100 Sx= 854 Sy= 1567 3y´ 653 46x´ 2462 70
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    8 13 8 > 13 J 5 2 5>2J 23 200 23 > 200 J 15 71 15 > 71 J a = f a b = f b c = f a x = 10 y´ = ? 10 . ? y = 22 x´ = ? 22 . 9 @ @ Result Stat 2 000 DATA SET=100 DATA SET=200 DATA SET=300 DATA SET=400 DATA SET=500 a= 536 b= -312 c= 050 10y´ 2449 ≈¡= 963 ≈™= -343 ≈¡= 963 71
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    is rounded and truncated to the specified number of places after the decimal point. Results I/Y If PMT = 0 then If N = 1 then Error AMRT P1 > AMRT P2 Discounted cash flow analysis m m CF where i = RATE(I/Y) 100 , CFimax = the maxi- mum data set number IRR is obtained as i, which satisfies NPV
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    supported. 4. All data stored or calculated for bonds are assumed to be positive values. Negative values in any of the variables used by bond calculations will cause errors. The formulas used for bond calculations settlement date and the redemption date (rounded up to the next highest whole number
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    has been chosen, NUM is rounded and truncated to the specified number of places after the decimal point. In the following equations, M01 = START MONTH, LIF = LIFE(N), CST = COST(PV), SAL = SALVAGE(FV), and DB = DB(I/Y). Straight-line method (SL) Calculations Results If 1 < n < end_year then
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    Σxy = x1y1 + x2y2 + ··· + xnyn An error will occur in a statistical calculation if: • The absolute value of an intermediate or calculation result is equal to or greater than 1 × 10100. • The denominator is zero. • An attempt is made to find the square root of a negative number. • No solution exists
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    • an attempt was made to find IRR when the cash flow data contains all negative or all positive values • an attempt was made to find YIELD in a bond calculation when any of COUPON, REDEMPT, or PRICE contain negative values Depth error (Error 3): • The available number of buffers was exceeded. (There
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    one of the following values in an overly complex problem: • I/Y (TVM solver) • IRR (Discounted cash flow analysis)*1 • YIELD (Bond calculations) *1 If you get an error while calculating IRR, enter an estimated value into RATE(I/Y) and calculate again. Display error (Error 6): • An attempt was made
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    In financial calculations, a calculation error increases if the interest is low or the number of payments is high. Press s if you'd like to cancel the calculation while the "calculating!" screen is displayed. • Calculation ranges ±10-99 to ±9.999999999 × 1099 and 0. If the absolute value of an entry
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    Function xy ex 10x sinh x, cosh x, tanh x sinh-1 x cosh-1 x tanh-1 x x2 x 1/x n! nPr nCr Calculation range • y > 0: -10100 < -1x log y < 100 (x ≠ 0) • y = 0: 0 < x < 10100 • y < 0: x = 2n - 1 (0 < | x | -10100 < -
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    is not to be used for some time, to avoid damage to the unit from leaking battery, remove it and store in a safe place. • Keep battery out of the reach of children. • Exhausted battery that is left in the calculator may leak and damage the unit. • Explosion risk may be caused by incorrect handling
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    or any sharp or pointed object to remove the battery. (see fig. 2) 4. Install a new battery into the battery housing with the positive side (+) facing up. (see fig. 3) fig. 2 5. Replace the battery cover and the screw. 6. Press the RESET switch located on the back of the calculator with the
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    mm (D) × 11 mm (H) 3-9/32" (W) × 5-29/32" (D) × 7/16" (H) Approx. 98 g (0.22 lb.) (including battery but not wallet-type case) Accessories: Battery × 1 (installed), operation manual, and wallet-type case. For more information about business/ financial calculators Visit us on the Internet at: http
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    , 75 (symbol), 8, 20 Calculation ranges, 78, 79 Calculator layout, 6 Calendar range, 44, 47, 52 Cash flow data, 12, 37-40, 76 Cash flow diagrams, 21 Chain calculations, 60 COMP (symbol), 7, 20 Compound interest, 21, 54-56, 75 Constant calculations, 60 Conversion between APR and EFF, 17, 51 COST, 56
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    Discounted cash flow analysis, 17, 18, 37-43, 72 Display layout, 7 Display notation, 8 EFF, 17, 51, 74 ENT (symbol), 7, 20 Entering dates, 47 Entering numbers, 11 Error, 14, 76-78 EXP, 64 Financial calculations, 17, 18, 72 FIXED, 58, 75 FLO_A (FLOAT A), FLO_B (FLOAT B), 7, 9 Floating point, 8, 9
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    MEMO 85
  • Sharp EL738C | EL-738 Operation Manual - Page 87
    For USA only: This product contains a CR Coin Lithium Battery which contains Perchlorate Material - special handling may apply, California residents, See www.dtsc.ca.gov/hazardouswaste/perchlorate/ 86
  • Sharp EL738C | EL-738 Operation Manual - Page 88
    PRINTED IN CHINA / IMPRIMÉ EN CHINE / IMPRESO EN CHINA 06GGK (TINSE1258EHZZ)
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EL-738