Sharp EL-5230, EL-5250 operation manual Price, Paybymnnormal, Print S, i 0 S e, Example, Result

	Chapter 8: Application Examples
Program code	Key operation
Print S	i 0 ; S e

Example

If you wish to buy furniture costing $3,000 with $500 as a down payment and pay the remainder in 11 month’s installments with a monthly interest rate of 1%, how much is the monthly payment?

4.Press j to return to the PROG mode menu.

5. Press 0, select the program
	PAYBYMN:NORMAL
‘PAYBYMN’ and press e.
	PRICE
	P=?

6.Enter 3000 for P, 500 for D, 11 for N and 1 for I.

Result

Your monthly payment is approx. $241.

1

S= 241.1351893

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