Sharp EL-738 operation manual 7500000, 11600000, 5467, 800000

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1 Calculating percent change

Sales in a company were $75,000 during the ﬁrst year of opera- tion. The second year’s sales were $116,000. What percentage greater were the second year’s sales than ﬁrst year’s sales?

In this calculation, the number of compound periods is set to 1 (default).

Procedure	Key operation	Display

Bring up the initial dis-	s	000
play in NORMAL mode.		000

Select percent change/	.B.b
compound interest
calculations, and set all		OLD PRC(PV)=
the variables to default		OLD PRC(PV)=
the variables to default		000
values.		000

Enter the old value.	75000 Q	OLD PRC(PV)=
		7500000

Enter the new value.	i116000 Q	NEW PRC(FV)=
		11600000
Calculate the percent	i@	%(I/Y)=
change.		5467
		5467

Answer: The second year’s sales increased by 54.67% over the ﬁrst year’s sales.

2 Calculating compound interest 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	Display

Bring up the initial dis-	s	000
play in NORMAL mode.		000

Select percent change/	.B.b
compound interest
calculations, and set all		OLD PRC(PV)=
the variables to default		OLD PRC(PV)=
values.		000
Enter the old value.	8000 Q	OLD PRC(PV)=
		800000

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Contents EL-738 Page Contents Introduction Operational NotesKeys Using the .andKey Notations in This Manual Preparing to Use the Calculator Resetting the Calculator In Case of DifﬁcultyResetting the calculator Key operation keys Calculator and Display LayoutCalculator layout Display layout 2ndFSET UP Menu Selecting the display notation and number of decimal places3333333 0003000 Selecting the angular unit seeSelecting a mode Operations available in each modeOperating Modes Selecting the date format see14000 3439000 Basic Calculations⋅ ⋅ Delete keyEditing and Correcting an Entry Memory clear keyCursor keys Playback functionErrors Memory use in each mode for memory calculations500 192Temporary memories A-H, X-Z Independent memory MLast answer memory ANS TVM variablesExample Key operation Statistical variablesMemory calculations General Information Financial calculationsVariables used in ﬁnancial calculations Variables shared among calculationsListed ﬁnancial variables Basic variable operationsTVM variables N, I/Y, PV, PMT, FV ENT and Comp symbols Category Display symbols DescriptionsCash ﬂow diagrams Compound interestSetting the payment period payment due Variable Corresponding Description Default Variable keyTVM Time Value of Money Solver Variables used in the TVM solverBasic examples for the TVM solver Calculating basic loan interest1200 240005600000 44000400 8000125586 Calculating basic loan payments3600 20000FV= Calculating future value100 20001000000 376889Specifying payments due Ordinary annuity ENDAnnuity due BGN Ordinary annuity1800 30000000360 16245702400 2995014500 2995003400 150000627995 Calculating down payment and amount to borrow30000 90000550 14655892Variables used in amortization Variable Description Default valueAmortization Calculations 61656 8895148104852 203428600 1700384457 480048275524 1724476Discounted Cash Flow Analysis Entering cash ﬂow dataSingle cash ﬂows Repeated cash ﬂows000*2 200300 Conﬁrming and editing data2500000 Editing dataDeleting data Inserting data3000000 600000Variables used in discounted cash ﬂow analysis NPV and IRRProcedure Key operation Display Bring up the initial dis Play in Normal modeTo obtain NPV To obtain IRR2314 Calculating the present value of variable cash ﬂows662752 Variables used in bond calculations Setting the day-count methodBond Calculations To obtain bond price Price PV To obtain yield to maturity Yield I/Y650 1000015-2023 720Entering dates 9250728 Setting the depreciation method Depreciation CalculationsVariables used in depreciation calculations Key operation DescriptionPage Calculating straight-line depreciation 30005000000 1956 Conversion between APR and EFFTo change APR to EFF To change EFF to APRDay and Date Calculations Variables used in day and date calculations10-2009 22800Calculating number of days Answer 228 daysCalculate Procedure Key operation Display Move to the last datePercent Change/Compound Interest Cal- culations 7500000 116000005467 800000980000 113Cost/Sell/Margin/Markup Calculations Variables used in cost/sell/margin/markup calcula- tions45560 950088842 Determining selling priceCalculating the breakeven point Breakeven CalculationsVariables used in breakeven calculations 1500000 758012000 33937Constant Calculations Chain Calculations087 0715000 4500Random Functions Random numbersRandom dice Random coinRandom integer 532Modify Function Entering statistical data For a single-variable data setFor a two-variable data set x value y value J Key operation Sub-mode DisplayEntering statistical data 1000 2000 Statistical Calculations and Variables Single-variable statistical calculationsLinear regression calculations Quadratic regression calculationVariables Content Single-variable statistical calculation 5300017857 Linear regression calculation Quadratic regression calculation Financial Calculation Formulas TVM solverAmortization calculations Discounted cash ﬂow analysisBond calculations Day and date calculations Depreciation calculationsConversion between APR and EFF Breakeven calculations Statistical Calcula- tion FormulasCost/Sell/Margin/Markup calculations Errors and Calculation Ranges Error codes and error typesSyntax error Error Calculation error ErrorEquation too long Error No solution ErrorDisplay error Error Input value error ErrorCalculation ranges of functions Function Calculation rangeInteger Battery Replacement When to replace the batteryPriority Levels in Calculations Replacement procedureAutomatic power-off function Key operation and calculation priority SpeciﬁcationsFor more information about business/ ﬁnancial calculators Index Formulas, 72-75 FV, 18, 22, 72 GRAD, 8, 9, 61 Memo