Sharp EL9900C EL-9900C - Page 195

Chapter 11: Financial Features Starting the calculation Enter the value using the SOLVER function Setting the payment due time 5. Press @ g. 6. Press C (C PERIOD). 7. Press 1 (1 PmtEnd) and press E. Payment due time is now set to the end of the period. 8. Press @ g. 9. Press A E. 10. The following TVM-SOLVER screen will appear. The payment due time is set to the end of the period. Payment due settings Number of payment periods Interest Present value (principal sum) Payment or received amount Future value (principal interest total) Number of payments per year Cumulative interest per year The payment due time is set to the end of period. 11. Input 360 for N (number of payment periods) and press E. The cursor moves to "I%". 12. Input 5 for I% (annual interest) and press E. 13. Input 200000 for PV (present value) and press E. 14. Press E. Since the payment amount is to be calculated from the other values, no value must be entered for PMT (payment or received amount). 15. Press E again. Since FV (future value) is "0" at the end, no value must be entered for FV. 16. Press 12 for P/Y (number of payments per year) and press E. 185