Sharp EL733A EL-733A Operation Manual - Page 22
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2. The vertical up- and down-arrows represent cash-flows. However, the EL-733A is admittedly weak when it comes to Up-arrows represent positive cash-flows, which is deciphering the jargon of a particular financial field into money coming in. Down-arrows represent negative i terms like n, i, PV, FV, PMT, or CFi and Ni. The cash-flows, which is money going out. t responsibility of translating the words into the right numbers in the right place falls primarily on your 3. Cash-flows can occur only at the beginning or ending of shoulders, and this is often the most difficult part of each period. Two or more cash-flows occurring at the coming up with exactly the right answer. In the same time must be netted together before they can be explanation and examples that follow, you will get a little keyed into the calculator. This means that, with the i practice at deciphering the jargon. exception of the first and last periods, only one cash-flow can occur per period. As long as your cash-flow schedules conform to the above The EL-733A Financial Functions And Terms three rules, you will be able to key them directly into your EL-733A for a solution. Often times, especially in complicated cash-flow situations, a little work may be involved in making a cash-flow schedule conform to those 1, The EL-733A has two main groups of financial functions: the Time-Value-Of-Money functions (TVM functions) and the Discounted Cash-Flow analysis functions. three rules. So keep reading. The TVM functions are designed to work with problems THE THREE PARTS OF A FINANCIAL SOLUTION that have a cash-flow at the beginning of the time line, a cash-flow at the end of the time line, and a stream of regular, level cash-flows in between. (The amount of any is uy The solution to every financial problem consists of three cash-flow can be zero.) general steps: (1) deciphering the jargon into terms that you understand, (2) drawing the cash-flow schedule (or picturing it in your mind), and (3) crunching the numbers. The Discounted Cash-Flow functions can usually be used to solve any problem that cannot be solved with the TVM functions. Now the EL-733A takes a very active role in the crunching the numbers part. It will give you accurate answers based on the information that you supply. Also, you may make some use of the EL-733A when constructing the cash-flow schedule. With situations like wrap-around mortgages and discounted contracts, it may take several Time-ValueOf-Money calculations to even arrive at the final cash-flow schedule. 49