Sharp EL738C EL-738 Operation Manual - Page 25

Answer

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Procedure Set all the variables to default values. Key operation . b Display 000 Make sure ordinary annuity is set (BGN is not displayed). Set the number of pay- . w 12 Q ments per year to 12. P/Y= 1200 The number of compounding periods per year is automatically set to the same value as P/Y. Confirm the number of i compounding periods per year. C/Y= 1200 Quit the P/Y and C/Y s settings. 000 Calculate the total num- 20 . < N ber 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, press L to erase the number and enter the correct number to continue. After pressing the TVM variable key, you must re-enter values from the beginning. 24

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24
Procedure
Key operation
Display
Set all the variables to
default values.
.
b
000
Make sure ordinary annuity is set (
BGN
is not displayed).
Set the number of pay-
ments per year to 12.
.
w
12
Q
P/Y=
1200
The number of compounding periods per year is automatically set to the
same value as P/Y.
Confirm the number of
compounding periods
per year.
i
C/Y=
1200
Quit the P/Y and C/Y
settings.
s
000
Calculate the total num-
ber of payments and
store in N.
20
.
<
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, press
L
to erase the number
and enter the correct number to continue.
After pressing the TVM variable key, you must re-enter
values from the beginning.