Sharp EL738C EL-738 Operation Manual - Page 34

Amortization Calculations

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Amortization Calculations Calculate and create amortization schedules using values stored in the TVM solver. Note: Prior to using amortization, you need to enter values into TVM variables. Variables used in amortization Variable AMRT P1 AMRT P2 BALANCE ΣPRINCIPAL ΣINTEREST Description Start of payment (nth time) End of payment (nth time) Remaining balance after payment Principal paid Interest paid over the specified periods Default value 1 1 - - - • BALANCE, ΣPRINCIPAL and ΣINTEREST are calculated automatically, so no default values are set. • AMRT P1 and AMRT P2 must be between 1 and 9,999. 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. • 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 appropriate numeric values for the variables used in the TVM solver. • Confirm the values of N, I/Y, PV, PMT, FV, P/Y and C/Y. 4. Press * to use amortization calculation. 5. Enter a value for "AMRT P1" and press Q. AMRT P1= 100 6. Press i, enter a value for "AMRT P2" and press Q. 7. Display values for BALANCE, ΣPRINCIPAL and ΣINTEREST by pressing i once for each. Each value is calculated automatically. 33

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33
AMRT
P1=
100
Amortization Calculations
Calculate and create amortization schedules using values
stored in the TVM solver.
Note:
Prior to using amortization, you need to enter values into
TVM variables.
Variables used in amortization
Variable
Description
Default value
AMRT P1
Start of payment (nth time)
1
AMRT P2
End of payment (nth time)
1
BALANCE
Remaining balance after payment
—
Σ
PRINCIPAL
Principal paid
—
Σ
INTEREST
Interest paid over the specified periods
—
• BALANCE,
Σ
PRINCIPAL and
Σ
INTEREST are calculated
automatically, so no default values are set.
• AMRT P1 and AMRT P2 must be between 1 and 9,999.
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.
• 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 appropriate numeric values for the variables used
in the TVM solver.
• Confirm the values of N, I/Y, PV, PMT, FV, P/Y and C/Y.
4.
Press
*
to use amortiza-
tion calculation.
5.
Enter a value for “AMRT P1”
and press
Q
.
6.
Press
i
, enter a value for “AMRT P2” and press
Q
.
7.
Display values for BALANCE,
Σ
PRINCIPAL and
Σ
INTEREST
by pressing
i
once for each. Each value is calculated
automatically.