Sharp EL-738 operation manual 3600, 20000, Fv=, Calculating future value

Page 27

3 Calculating future value

You will pay $200 at the end of each month for the next three years into a savings plan that earns 6.5% compounded quar- terly. What amount will you have at the end of period if you continue with the plan?

 

 

 

 

 

 

 

FV = ?

 

 

 

 

 

 

PV = 0

I/Y = 6.5% (quarterly)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

. . . . . .

 

 

 

 

 

 

 

 

 

 

 

PMT = –$200

PMT = –$200

 

 

N = 12 ⋅ 3 years = 36

 

 

 

Procedure

 

 

Key operation

 

 

Display

 

 

 

 

 

 

 

 

 

 

 

Set all the variables to

 

 

.b

 

 

000

default values.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Make sure ordinary annuity is set (BGN is not displayed).

Set the number of pay-

.w12 Q

P/Y=

ments per year to 12.

 

1200

 

 

 

 

 

Set the number of com-

i4 Q

C/Y=

pounding periods per

 

 

400

year to 4.

 

 

 

 

Quit the P/Y and C/Y

s

000

settings.

 

 

 

 

Calculate the total num-

3 .<N

ANS~N

ber of payments and

 

3600

store in N.

 

 

 

 

Enter the present value.

0 v

—~PV

 

 

 

 

000

 

 

 

Enter payment.

,200 u

(-2——)~PMT

 

 

-20000

 

 

 

Enter the annual inter-

6.5 f

6.5~I/Y 650

est rate.

 

Calculate the future

@T

FV= 792219

value.

 

 

 

 

Answer: You will have $7,922.19 at the end of the three-year period.

26

Page 26 Page 28
Image 27
Page 26 Page 28
Contents EL-738 Page Contents Operational Notes IntroductionUsing the .and Key Notations in This ManualKeys Resetting the Calculator In Case of Difficulty Resetting the calculatorPreparing to Use the Calculator Calculator and Display Layout Calculator layoutKey operation keys 2ndF Display layoutSelecting the display notation and number of decimal places SET UP MenuSelecting the angular unit see 33333330003 000Selecting the date format see Selecting a modeOperations available in each mode Operating ModesBasic Calculations 14000343 9000Delete key ⋅ ⋅Playback function Editing and Correcting an EntryMemory clear key Cursor keys192 ErrorsMemory use in each mode for memory calculations 500TVM variables Temporary memories A-H, X-ZIndependent memory M Last answer memory ANSStatistical variables Memory calculationsExample Key operation Financial calculations General InformationVariables shared among calculations Variables used in financial calculationsBasic variable operations TVM variables N, I/Y, PV, PMT, FVListed financial variables Category Display symbols Descriptions ENT and Comp symbolsCompound interest Cash flow diagramsVariables used in the TVM solver Setting the payment period payment dueVariable Corresponding Description Default Variable key TVM Time Value of Money SolverCalculating basic loan interest Basic examples for the TVM solver44000 120024000 5600000Calculating basic loan payments 4008000 125586Calculating future value 360020000 FV=376889 1002000 1000000Ordinary annuity Specifying payments dueOrdinary annuity END Annuity due BGN1624570 180030000000 360299500 240029950 14500Calculating down payment and amount to borrow 3400150000 62799514655892 3000090000 550Variable Description Default value Amortization CalculationsVariables used in amortization 8895148 616561700 104852203428 6001724476 3844574800 48275524Repeated cash flows Discounted Cash Flow AnalysisEntering cash flow data Single cash flowsConfirming and editing data 000*2200 300Inserting data 2500000Editing data Deleting dataNPV and IRR 3000000600000 Variables used in discounted cash flow analysisTo obtain IRR Procedure Key operation Display Bring up the initial disPlay in Normal mode To obtain NPVCalculating the present value of variable cash flows 2314662752 Setting the day-count method Bond CalculationsVariables used in bond calculations To obtain yield to maturity Yield I/Y To obtain bond price Price PV720 65010000 15-20239250 728Entering dates Key operation Description Setting the depreciation methodDepreciation Calculations Variables used in depreciation calculationsPage 3000 5000000Calculating straight-line depreciation To change EFF to APR 1956Conversion between APR and EFF To change APR to EFFVariables used in day and date calculations Day and Date CalculationsAnswer 228 days 10-200922800 Calculating number of daysProcedure Key operation Display Move to the last date Percent Change/Compound Interest Cal- culationsCalculate 800000 750000011600000 5467Variables used in cost/sell/margin/markup calcula- tions 980000113 Cost/Sell/Margin/Markup CalculationsDetermining selling price 455609500 88842Breakeven Calculations Variables used in breakeven calculationsCalculating the breakeven point 33937 15000007580 12000Chain Calculations Constant Calculations4500 087071 5000Random coin Random FunctionsRandom numbers Random dice532 Modify FunctionRandom integer Key operation Sub-mode Display Entering statistical dataFor a single-variable data set For a two-variable data set x value y value JEntering statistical data 1000 2000 Quadratic regression calculation Statistical Calculations and VariablesSingle-variable statistical calculations Linear regression calculationsVariables Content 53000 17857Single-variable statistical calculation Linear regression calculation Quadratic regression calculation Discounted cash flow analysis Financial Calculation FormulasTVM solver Amortization calculationsBond calculations Depreciation calculations Conversion between APR and EFFDay and date calculations Statistical Calcula- tion Formulas Cost/Sell/Margin/Markup calculationsBreakeven calculations Calculation error Error Errors and Calculation RangesError codes and error types Syntax error ErrorInput value error Error Equation too long ErrorNo solution Error Display error ErrorFunction Calculation range Calculation ranges of functionsInteger When to replace the battery Battery ReplacementReplacement procedure Automatic power-off functionPriority Levels in Calculations Specifications For more information about business/ financial calculatorsKey operation and calculation priority Index Formulas, 72-75 FV, 18, 22, 72 GRAD, 8, 9, 61 Memo
Top Page Image Contents