Sharp EL733A EL-733A Operation Manual - Page 53

Sharp EL733A Manual

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Key in the interest rate. 10.5 M 4 M Result: 2.63 Key in the number of periods you wish to slide it: Now you can draw a cash-flow schedule that fits into the TVM registers. It should look like this: A PV = 500'000 3 Mn Key in 0 for the payment: 0 NTS 1 , 2 ,ii3 !Ir4 Is ir.6 i =10.5 + 12 n = 29 iir26iir27i284.29 30 31 32 And compute PV: Pv Result: 92'521.04 This value comes out positive, but you will have to store it as a negative. The TVM functions always assume that the FV is a return on a PV invested at some earlier time. When you are sliding cash-flows this assumption is not correct, so you have to keep track of the correct sign (positive or negative). Press: N (To slide a cash-flow to the right, you use the above process, except you enter the cash-flow as PV and compute FV to do the sliding.) PMT = -19'951.34 (three payments at the ir front of the lease) FV = -92'521.04 This cash-flow schedule shows the three payments that occur at the front of the lease so that you remember them when you are interpreting the result of this PV calculation. Both M and E have already been stored: 191951.34 1+1-I M 29 E (make sure that BGN is not on in the display) WW1 0 Result: 445'182.80 That PV includes the three payments at the front of the lease, so to see what the actual lease value is, add those payments in: IxM 102 103

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Key
in
the
interest
rate.
10.5
M
4
M
Result:
2.63
Key
in
the
number
of
periods
you
wish
to
slide
it:
3
Mn
Key
in
0
for
the
payment:
0
NTS
And
compute
PV:
Pv
Result:
92'521.04
This
value
comes
out
positive,
but
you
will
have
to
store
it
as
a
negative.
The
TVM
functions
always
assume
that
the
FV
is
a
return
on
a
PV
invested
at
some
earlier
time.
When
you
are
sliding
cash
-flows
this
assumption
is
not
correct,
so
you
have
to
keep
track
of
the
correct
sign
(positive
or
negative).
Press:
N
(To
slide
a
cash
-flow
to
the
right,
you
use
the
above
process,
except
you
enter
the
cash
-flow
as
PV
and
compute
FV
to
do
the
sliding.)
102
Now
you
can
draw
a
cash
-flow
schedule
that
fi
ts
into
the
TVM
registers.
It
should
look
like
this:
A
PV
=
500'000
i
=10.5
+ 12
n
=
29
1
,
2
,i
i3
!
I
r
4
Is
ir.
6
i
i
r
26
i
i
r
27i284
.
29
PMT
=
—19'951.34
(three
payments
at
the
ir
front
of
the
lease)
30
31
32
FV
=
—92'521.04
This
cash
-flow
schedule
shows
the
three
payments
that
occur
at
the
front
of
the
lease
so
that
you
remember
them
when
you
are
interpreting
the
result
of
this
PV
calculation.
Both
M
and
E
have
already
been
stored:
19
1
951.34
1+1-I
M
29
E
(make
sure
that
BGN
is
not
on
in
the
display)
WW1
0
Result:
445'182.80
That
PV
includes
the
three
payments
at
the
front
of
the
lease,
so
to
see
what
the
actual
lease
value
is,
add
those
payments
in:
Ix
M
103