Sharp EL733A EL-733A Operation Manual - Page 63

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On this cash-flow schedule, only the investments and the final value of the funds are represented with arrows. The periods that passed with no investment made are shown as 'zeros, " because you will key them into your calculator as zeros. Here are the keystrokes to describe that cash-flow schedule to your EL-733A. 2ndFI (a 5'000 1+/-1 fill 12 [2ndF) Ni [GCE{ IT) Group 0 Group 1 (12 zeros) 3200 1+1.-I 28 [2;1(16 Ni GC lE9 Group 2 Group 3 (28 zeros) 2'000 l+/-1 16 frinmmo Group 4 Group 5 (16 zeros) noo HI- 0 16 OM Ni ED Group 6 Group 7 (16 zeros) W750 0-1-1 8 2ndF Ni GC Group 8 Group 9 (8 zeros) 1'500 [+/-1 5 2ndF Norm CFi Group .0 Group .1 (5 zeros) 4'000 !+/-I 15 2ntl Ni m Group .2 Group .3 (15 zeros) 33'000.69 Group .4 Finally, calculate your return by pressing: Result: 0.73 IRR calculations can take time on your EL-733A, depending on how many cash-flow groups are entered. The calculator is approaching the answer through a numerical guessing process. Many guesses are required before it arrives at a solution. The final result is a periodic rate based on 24 half-month periods. To annualize this rate, multiply by 24 and you will get 17.55%. That is not a bad rate of return. You can convert this 17.55% rate from an annual rate compounded semi-monthly to an annual rate compounded monthly using the following keystrokes (for more information on interest rate conversions, see page 69): .r.h4 24 r2an q FEFF] inm) E 12 2ndF -Apqri E Result: 17.61 Again, that is not a bad return at all. Happy investing!

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On
this
cash
-flow
schedule,
only
the
invest-
ments
and
the
fi
nal
value
of
the
funds
are
represented
with
arrows.
The
periods
that
passed
with
no
investment
made
are
shown
as
'zeros,
"
because
you
will
key
them
into
your
calculator
as
zeros.
Here
are
the
keystrokes
to
describe
that
cash
-flow
schedule
to
your
EL
-733A.
2ndFI
(a
5'000
1+/-1
12
[2ndF)
Ni
[GCE{
IT)
3200
1+1.-I
28
[2;1(16
Ni
GC
2'000
l+/-1
16
fr
inmmo
noo
HI-
0
16
OM
Ni
ED
W750
0
-
1-1
8
2ndF
Ni
GC
1'500
[+/-1
fill
lE9
5
2ndF
Norm
CFi
4'000
!+/-I
15
2ntl
Ni
m
33'000.69
Group
0
Group
1
(12
zeros)
Group
2
Group
3
(28
zeros)
Group
4
Group
5
(16
zeros)
Group
6
Group
7
(16
zeros)
Group
8
Group
9
(8
zeros)
Group
.0
Group
.1
(5
zeros)
Group
.2
Group
.3
(15
zeros)
Group
.4
Finally,
calculate
your
return
by
pressing:
Result:
0.73
IRR
calculations
can
take
time
on
your
EL
-733A,
depending
on
how
many
cash
-flow
groups
are
entered.
The
calculator
is
approaching
the
answer
through
a
numerical
guessing
process.
Many
guesses
are
required
before
it
arrives
at
a
solution.
The
fi
nal
result
is
a
periodic
rate
based
on
24
half
-month
periods.
To
annualize
this
rate,
multiply
by
24
and
you
will
get
17.55%.
That
is
not
a
bad
rate
of
return.
You
can
convert
this
17.55%
rate
from
an
annual
rate
compounded
semi-monthly
to
an
annual
rate
compounded
monthly
using
the
following
keystrokes
(for
more
information
on
interest
rate
conversions,
see
page
69):
.r.h4
24
2n
raq
FEFF]
inm)
E
12
2ndF
-Apqri
E
Result:
17.61
Again,
that
is
not
a
bad
return
at
all.
Happy
investing!