Sharp EL 738C EL-738 Operation Manual
Sharp EL 738C - 10-Digit Financial Calculator Manual
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- Sharp EL 738C | EL-738 Operation Manual - Page 1
MODEL EL-738 BUSINESS/FINANCIAL CALCULATOR OPERATION MANUAL - Sharp EL 738C | EL-738 Operation Manual - Page 2
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 warranty information please see www.sharp.net.au 1 - Sharp EL 738C | EL-738 Operation Manual - Page 3
Contents Introduction 3 Operational Notes 3 Key Notations in This Manual 4 Chapter 1: Getting Started 5 Preparing to Use the Calculator 5 Resetting the Calculator In Case of Difficulty 5 Calculator and Display Layout 6 The SET UP Menu 8 Operating Modes 10 Chapter 2: General Information 11 - Sharp EL 738C | EL-738 Operation Manual - Page 4
SHARP Business/Financial Calculator. After reading this manual, store it in a convenient location for future reference. • Display of examples shown in this manual or dusty environments. • Since this product is not waterproof, do not use it or store it where fluids, for example water, can splash onto - Sharp EL 738C | EL-738 Operation Manual - Page 5
. followed by ) key and i followed by * key. -10 Notes: • The multiplication instruction "×" and alphabetic letter "X" are distinguished as follows: Key Display Multiplication instruction → x × Alphabetic letter →X X • Examples in this manual are performed using default settings (e.g., SET - Sharp EL 738C | EL-738 Operation Manual - Page 6
Preparing to Use the Calculator Before using your calculator for the first time, you must reset (initialize) it. Resetting the calculator Press the RESET switch located on the back of the calculator with the tip of a ball-point pen or similar object. Do not use an object with a breakable or sharp tip - Sharp EL 738C | EL-738 Operation Manual - Page 7
/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 character line (10-digit mantissa and 2-digit exponent). ባ Power ON/OFF and Clear key: Turns the calculator ON. This key also clears the - Sharp EL 738C | EL-738 Operation Manual - Page 8
are ordinary annuity (payment at the end of each interval) calculations. 360 : Indicates that date calculations are based on a 360-day year (12 months with 30 days). When 360 is not displayed, date calculations use the actual calendar. ENT : Indicates that a value can be assigned to the displayed - Sharp EL 738C | EL-738 Operation Manual - Page 9
9. Entering 0 will set a 10-digit display. • If a floating point number does not fit in the specified range, the calculator will display the result in scientific notation (exponential notation). See the next section for details. • The default setting is a fixed decimal point with two decimal places. 8 - Sharp EL 738C | EL-738 Operation Manual - Page 10
number system in scientific notation The calculator has two settings for displaying a floating point number: FLO_A (FLOAT A) and FLO_B (FLOAT B). In each display setting, a number decimal point with two decimal places → Scientific notation (SCI) with two significant digits → Floating point (FLO_A) Key - Sharp EL 738C | EL-738 Operation Manual - Page 11
Selecting the date format (see page 44) • US (Month-Day-Year): ~ 3 0 (default setting) • 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 - Sharp EL 738C | EL-738 Operation Manual - Page 12
Chapter 2 General Information Basic Calculations Entering numbers and arithmetic operations • Use the number 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 - Sharp EL 738C | EL-738 Operation Manual - Page 13
to default settings. *3 Listed variables used in financial calculations (such as "RATE (I/Y)," etc.) including P/Y and C/Y *4 When you press * to enter a financial calculation, AMRT P1 and AMRT P2 both revert to their default values. The same holds true for YEAR when you press O. *5 With one of the - Sharp EL 738C | EL-738 Operation Manual - Page 14
calculator's default settings. Editing and Correcting an Entry Cursor keys • In a menu, such as the SET UP menu, use g or y to select a number (the selected number you make entries. • To insert a number in the insert mode, move the cursor to the place immediately after where you wish to insert, - Sharp EL 738C | EL-738 Operation Manual - Page 15
calculator has 11 temporary memories (A-H and X-Z), one independent memory (M) and one last answer memory (ANS). It also has various variables for use in financial calculations and statistical calculations. Memory use in each mode for memory calculations Mode NORMAL STAT A-H, TVM Listed financial - Sharp EL 738C | EL-738 Operation Manual - Page 16
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 one of - Sharp EL 738C | EL-738 Operation Manual - Page 17
the values held in statistical variables in subsequent calculations. Note: Use of f or i will recall the value stored in memory using up to 14 digits. Memory calculations Example Key operation 24 ÷ (8 × 2) = (8 × 2) × 5 = s 8 x 2 g M 24 8 i M = i M x 5 = s g M $150×3:M1 150 x 3 h +)$250:M2 - Sharp EL 738C | EL-738 Operation Manual - Page 18
payments. Amortization calculations: Calculate and create 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 - Sharp EL 738C | EL-738 Operation Manual - Page 19
variables: Variables that are organized into lists in different categories. These variables can be accessed using the z/i cursor keys in each calculation. P/Y and C/Y in the TVM solver are of this type of variable. Variables shared among calculations Financial variables are specific to the type - Sharp EL 738C | EL-738 Operation Manual - Page 20
: You can also enter values into variables using arithmetic operations. Ex. 100 x 12 u B. Displaying a value Press f and the corresponding TVM variable key. C. Executing calculation Press @ and the corresponding TVM variable key. Listed financial variables A. Entering a value 1. Select the desired - Sharp EL 738C | EL-738 Operation Manual - Page 21
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 - Sharp EL 738C | EL-738 Operation Manual - Page 22
calculations (compound interest). Compound interest accumulates at a predefined rate on a periodic basis. For example, money deposited in a passbook saving account at a bank accumulates a certain amount of interest each month, increasing the account balance. The amount of interest received each - Sharp EL 738C | EL-738 Operation Manual - Page 23
page 37). 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 - Sharp EL 738C | EL-738 Operation Manual - Page 24
the total number of payments. • By pressing f / you can use the result of the previous normal calculation stored in ANS memory as a TVM variable. • Note that some variables are shared by other calculations and may have values assigned by those calculations. 4. Press @ and the TVM variable key that - Sharp EL 738C | EL-738 Operation Manual - Page 25
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 - Sharp EL 738C | EL-738 Operation Manual - Page 26
periods per year. Quit the P/Y and C/Y set- s tings. Calculate 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 - Sharp EL 738C | EL-738 Operation Manual - Page 27
per year to 12. Set the number of com- i 4 Q pounding periods per year to 4. Quit the P/Y and C/Y s settings. Calculate 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 - Sharp EL 738C | EL-738 Operation Manual - Page 28
deposit now? FV = $10,000 PV = ? N = 20 years I/Y = 5% 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 1 Q ments per year to 1. P/Y= 100 The number of compounding periods - Sharp EL 738C | EL-738 Operation Manual - Page 29
nancial calculations. BGN is not displayed. A regular cash flow (payment) is received at end of each payment period. Often applied to loan calculations, to open a second location. At the end of each month, a fixed amount will be invested in a money market savings account with an investment dealer. - Sharp EL 738C | EL-738 Operation Manual - Page 30
Key operation Display 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 be purchased for 10% of the retail price. Should you lease - Sharp EL 738C | EL-738 Operation Manual - Page 31
P/Y and C/Y settings. Enter the total number s 24 N of payments. 24~N 2400 Enter the future value. 2995 x 10 . % T ANS~FV 29950 Enter payment. , 145 u (-145)~PMT -14500 Enter the present value. 2995 v 2995~PV 299500 Calculate the annual interest rate. @ f I/Y= 708 Answer: If you lease - Sharp EL 738C | EL-738 Operation Manual - Page 32
exit the P/Y and C/Y settings. Enter the total number s 34 N of payments. 34~N 3400 Enter payment. , 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 - Sharp EL 738C | EL-738 Operation Manual - Page 33
-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 - Sharp EL 738C | EL-738 Operation Manual - Page 34
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 Press * to use amortization calculation. 5. Enter a value for "AMRT P1" and press Q. AMRT P1= 100 6. Press - Sharp EL 738C | EL-738 Operation Manual - Page 35
will clear the value entered. 1 Calculating mortgage payments and generating an amortization schedule 1. Calculate the monthly payment of a 20-year loan with a loan amount of $90,000 and a 5.45% APR. Procedure Set all the variables to default values. Key operation . b Display 000 Make sure - Sharp EL 738C | EL-738 Operation Manual - Page 36
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 automatically. i @ i Display the - Sharp EL 738C | EL-738 Operation Manual - Page 37
Answer: The monthly payment is $3,844.57. Now generate an amortization schedule from the first to the 48th payments. Procedure Key operation Display Change to amortization * 1 Q calculation and enter 1 for the starting payment. AMRT P1= 100 Enter 48 (December) i 48 Q for the ending payment - Sharp EL 738C | EL-738 Operation Manual - Page 38
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, one data item at a time, in the following format - Sharp EL 738C | EL-738 Operation Manual - Page 39
set to "0.00," is dependent 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 - Sharp EL 738C | EL-738 Operation Manual - Page 40
set number. Editing data • Display the data item you wish to modify by using 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 cash flow value of zero and a frequency value of one - Sharp EL 738C | EL-738 Operation Manual - Page 41
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 rate that gives a net present value of zero. Basic operations Refer to page 19 for basic variable operations - Sharp EL 738C | EL-738 Operation Manual - Page 42
IRR, enter an estimated value into RATE(I/Y) and calculate again in step 4. 1 Solving for unequal cash flows Your company pays $12,000 for a new network IRR does the net present value of the cash flows equal zero? $3,000 $5,000 $5,000 $5,000 $4,000 -$12,000 1. Enter cash flow data. Procedure Key - Sharp EL 738C | EL-738 Operation Manual - Page 43
100 DATA SET:CF 200 DATA SET:CF 300 000 *1 If 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 - Sharp EL 738C | EL-738 Operation Manual - Page 44
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 (NET_PV). i @ NET_PV= 662752 Answer: As - Sharp EL 738C | EL-738 Operation Manual - Page 45
of coupons per year 1 YIELD (I/Y) Yield to maturity (%) 0 PRICE (PV) Bond price *4 0 ACCU INT Accrued interest - *1 Redemption value of the security per $100 par value. *2 You can change the date format to D-M-Y (see page 10). *3 You can only enter "1" or "2" - "1" for annual coupons - Sharp EL 738C | EL-738 Operation Manual - Page 46
entry, refer to page 47, "Entering dates". 8. Enter the number of coupon payments per year into CPN/Y (N) by pressing i, entering the value, and pressing Q. 9. To find bond price or yield to maturity, do the following: To obtain bond price (PRICE (PV)): Enter annual yield (%) into YIELD(I/Y) by - Sharp EL 738C | EL-738 Operation Manual - Page 47
. 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. Enter the annual yield (%). i 2 Q i 7.2 Q Calculate bond price. i @ Calculate the accrued - Sharp EL 738C | EL-738 Operation Manual - Page 48
Key operation 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)= 9250 YIELD(I/Y)= 728 Entering dates Refer to the following notes for date entry. • Enter using US date format (MM-DD-YYYY) or EU date format - Sharp EL 738C | EL-738 Operation Manual - Page 49
Depreciation Calculations Using depreciation calculations, you can obtain depreciation base values using three types of calculation methods: the straight-line method, the sum-of-the-years' digits method, and the declining balance method. Variables used in depreciation calculations Variable - Sharp EL 738C | EL-738 Operation Manual - Page 50
calculations by pressing O. SL When using the declining balance method, DB (I/Y) ap- pears. Enter the number and press Q. • To end depreciation calculations of July, enter 7.5; where the decimal is equal to the number value of the given date divided by the total number of days in the month. - Sharp EL 738C | EL-738 Operation Manual - Page 51
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 straight-line depreciation method. s ~ 2 0 000 Select depreciation calculations. O SL ---------- Enter the number of i 30 Q years of - Sharp EL 738C | EL-738 Operation Manual - Page 52
To change EFF to APR: Number of compounding periods per year > Effective interest rate . ! Converting between APR and EFF Procedure Calculate the effective interest rate for twelve compounding periods with an 18% APR. Convert this rate back to the original APR. Key operation s 12 > 18 . P 12 > 19 - Sharp EL 738C | EL-738 Operation Manual - Page 53
find dates and the numbers of days between dates. Variables used in day and date calculations Variable Description Default value M-D-Y 1 *1 The first date 1-1-2001 M-D-Y 2 *1 The last date 1-1-2001 DAYS Number of days 0 *1 You can change the date format to D-M-Y (see page 10). Setting - Sharp EL 738C | EL-738 Operation Manual - Page 54
2=[MO] 8-10-2009 Move to DAYS and calculate. i @ DAYS= 22800 Answer: 228 days • If the 360-day calendar is selected, the answer will be 225 days. 2 Finding a date Find the date 100 days after November 13, 2010 (using US date format and the actual calendar). Procedure Key operation Bring up - Sharp EL 738C | EL-738 Operation Manual - Page 55
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) % (I/Y) Percent change PERIODS (N) Number of compounding periods Default value - Sharp EL 738C | EL-738 Operation Manual - Page 56
rate You opened an account compounding annually and deposited $8,000 eighteen years ago. You currently 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 - Sharp EL 738C | EL-738 Operation Manual - Page 57
the number of com- i i 18 Q pound periods to 18. PERIODS(N)= 1800 Calculate the compound interest rate. z @ %(I/Y)= 113 Answer: The compound interest rate is 1.13%. Cost/Sell/Margin/Markup Calculations Using cost/sell/margin/markup calculations, you can determine costs, selling prices, margins - Sharp EL 738C | EL-738 Operation Manual - Page 58
to and vice versa. 4. Move to the variable you wish to calculate, using the z and i keys, and press @ to calculate. Determining selling price In a furniture business, it is desirable to realize a 95% markup from cost to retail price for each item. A certain sofa costs $455.60. What should its - Sharp EL 738C | EL-738 Operation Manual - Page 59
values of any four known variables. 4. Move to the variable you wish to calculate, using the z and i keys, and press @ to calculate. Calculating the breakeven point Your company has developed a new product and plans to sell it at a price of $120 per unit. The variable cost per unit is $75.80 and - Sharp EL 738C | EL-738 Operation Manual - Page 60
Procedure Key operation Display Select breakeven calculations, and set all the variables 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 - Sharp EL 738C | EL-738 Operation Manual - Page 61
be displayed as . Chain Calculations A calculation result (ANS memory) can be used in a subsequent calculation. However, it cannot be recalled after entering multiple instructions. Example 6 + 4 = ANS ANS + 5 = 8 × 2 = ANS ANS2 = 44 + 37 = ANS ANS = Key operation s6 +4 = +5 = 8 x 2 = . ; = 44 - Sharp EL 738C | EL-738 Operation Manual - Page 62
Scientific Calculations Example sin 60 [°] = cos -π4 [rad] = tan-1 1 [g] = Key operation s . { 60 = ~ 1 1 . c ( . t 84 RAD -90 ≤ θ ≤ 90 - -π2 2 0 ≤ θ ≤ 180 0 GRAD -100 ≤ θ ≤ 100 0 ≤ θ ≤ 200 Example (cosh 1.5 + sinh 1.5)2 = tanh-1 -5 = 7 Key operation s ( . ] c1.5 + . ] {1.5 ) . ; = . ] 7 - Sharp EL 738C | EL-738 Operation Manual - Page 63
62500 28000 Random Functions This calculator has four kinds of random functions (the 2nd function of the - key). Random numbers A pseudo-random number, consisting of three significant digits from zero up to 0.999, can be generated by pressing . | 0 =. To generate further random numbers in succession - Sharp EL 738C | EL-738 Operation Manual - Page 64
to 14 digits. However, because calculation results are displayed in the form designated by the display notation and the 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 - Sharp EL 738C | EL-738 Operation Manual - Page 65
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 J (To enter multiples - Sharp EL 738C | EL-738 Operation Manual - Page 66
total of up to 100 statistical and/or cash flow data items. For single-variable data, a data set without a frequency is counted as one data item, and a data in the table to the right using the "Stat 0" sub-mode. DATA 30 40 40 50 Procedure Enter the "Stat 0" submode. Key operation s m 1 0 Display - Sharp EL 738C | EL-738 Operation Manual - Page 67
the data set number. Editing data • Display the data item you wish to modify by using z / 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 - Sharp EL 738C | EL-738 Operation Manual - Page 68
follows: DATA 30 40 40 50 DATA 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 x for a given y (estimate x´) can also be found. Quadratic regression calculation Section ቢ and ባ results, and coefficients a, b, and c in - Sharp EL 738C | EL-738 Operation Manual - Page 69
calculation takes place, it obtains all statistics - except coefficients a and b - from converted data rather than from entered data. Variables Content n Number Coefficient of quadratic regression equation r Correlation coefficient • Use i or f to perform a variable calculation in STAT mode. 68 - Sharp EL 738C | EL-738 Operation Manual - Page 70
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 Σx2 = f [ Í≈Œ= 4120000 sx = f 4 Sx= 1336 sx2 = . ; = ( 95 - i (95 - x ) - sx × 10 + 50 = = ) 8 i 4 x 10 + 50 = SxŒ= 17857 6443 69 - Sharp EL 738C | EL-738 Operation Manual - Page 71
2 Linear regression calculation Example DATA xy 25 Key operation m 1 1 2 > 5 J 25 J 12 24 12 > 24 J 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= - Sharp EL 738C | EL-738 Operation Manual - Page 72
3 Quadratic regression calculation Example DATA xy 12 41 Key operation m 1 2 12 > 41 J 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 - Sharp EL 738C | EL-738 Operation Manual - Page 73
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 - Sharp EL 738C | EL-738 Operation Manual - Page 74
date calculations") FD: The number of days following the settlement date in the coupon period described above (in TD). FD = TD - PD NP: The number of whole coupon periods between the settlement date and the redemption date (rounded up to the next highest whole number, if necessary). For one coupon - Sharp EL 738C | EL-738 Operation Manual - Page 75
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 Results Sum-of-the-yearsʼ digits method (SYD - Sharp EL 738C | EL-738 Operation Manual - Page 76
using the following formula: DAYS = (Y2 - Y1) × 360 + (M2 - M1) × 30 + (D2 - D1) Actual Percent change/Compound interest calculations where NEW = NEW PRC(FV), OLD = OLD PRC(PV), %CH = %(I/Y), PD = PERIODS(N) Error %CH ≤ -100 NEW × OLD ≤ 0 Cost/Sell/Margin/Markup calculations where MAR = MARGIN - Sharp EL 738C | EL-738 Operation Manual - Page 77
any of COUPON, REDEMPT, or PRICE contain negative values Depth error (Error 3): • The available number of buffers was exceeded. (There are 10 buffers for numeric values and 24 buffers for calculation instructions). • The number of entered cash flow and statistics data items combined exceeded 100. 76 - Sharp EL 738C | EL-738 Operation Manual - Page 78
was exceeded while calculating 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 - Sharp EL 738C | EL-738 Operation Manual - Page 79
singular points of functions. 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 - Sharp EL 738C | EL-738 Operation Manual - Page 80
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 < - - Sharp EL 738C | EL-738 Operation Manual - Page 81
the calculator. • The factory-installed battery may be exhausted before it reaches the service 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 - Sharp EL 738C | EL-738 Operation Manual - Page 82
screw. 6. Press the RESET switch located on the back of the calculator with the tip of a ball-point pen fig. 3 or similar object. Do not use an object with a breakable or sharp tip. (see fig. 4) • Make sure that the display appears as shown. If not, remove the battery, reinstall, and check the - Sharp EL 738C | EL-738 Operation Manual - Page 83
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://sharp-world.com/calculator/ 82 - Sharp EL 738C | EL-738 Operation Manual - Page 84
13 C/Y, 18, 22, 72, 77 Date format, 10, 44, 47, 52 Day and date calculations, 17, 18, 52-54, 74 Day-count method (ACT/360), 44, 52 DAYS, 52, 53, 75 DB, 9, 48, 74 DB (I/Y), 18, 48, 74 Decimal place, 8, 9, 63 DEG, 8, 9, 61, 78 Delete key, 12 DEPRECIATE, 48 Depreciation calculations, 17, 18, 48-50, 74 - Sharp EL 738C | EL-738 Operation Manual - Page 85
22, 72 PRICE, 58, 75 PRICE (PV), 18, 44, 45, 73, 76 Priority levels in calculations, 81, 82 PROFIT, 58 PV, 18, 22, 72 PWR, 64 P/Y, 18, 22, 72, 77 QUAD, 64 QUANTITY, 58 RAD, 8, 9, 61, 78 Random coin, 62 Random dice, 62 Random functions, 62-63 Random integer, 63 Random numbers, 62 RATE (I/Y), 18, 40 - Sharp EL 738C | EL-738 Operation Manual - Page 86
MEMO 85 - Sharp EL 738C | 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 EL 738C | EL-738 Operation Manual - Page 88
PRINTED IN CHINA / IMPRIMÉ EN CHINE / IMPRESO EN CHINA 06GGK (TINSE1258EHZZ)
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 |
 |
BUSINESS/FINANCIAL
CALCULATOR
OPERATION MANUAL
MODEL
EL-738