TVM Time Value of Money Solver, Basic operations | Sharp EL-738

TVM (Time Value of Money) Solver

Analyze equal and regular cash ﬂows. These include calcula- tions for mortgages, loans, leases, savings, annuities, and contracts or investments with regular payments.

Note: Discounted cash ﬂow analysis can be done using un- equal cash ﬂows (see page 37).

An amortization schedule can be calculated using the information stored in the TVM solver (see page 33).

Variables used in the TVM solver

	Variable	Corresponding	Description	Default
	Variable	variable key	Description	value
		variable key		value

	N	N	Total number of payments	1

	I/Y	f	Interest rate per year	0

	PV	v	Present value	0

	PMT	u	Payment	0

	FV	T	Future value	0

	P/Y	.w	Number of payments per year	1

	C/Y	.wi	Number of compounding	1
			periods per year

Setting the payment period (payment due)

You can toggle between ordinary annuity (payment at the end of the period) and annuity due (payment at the beginning of the period) using .". The default setting is ordinary annuity (BGN is not displayed).

Refer to page 28 for details.

Basic operations

Refer to page 19 for basic variable operations.

1.Press sto clear the display.

•Make sure the calculator is in NORMAL mode.

•All the TVM solver variables retain their previously entered values. If you wish to clear all the data, press .b.

2.Select ordinary annuity or annuity due using .".

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Sharp EL-738 TVM Time Value of Money Solver, Variables used in the TVM solver, Setting the payment period payment due

Contents

EL-738 Page Contents Operational Notes Introduction Keys 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 2ndF Display layout Selecting the display notation and number of decimal places SET UP Menu Selecting the angular unit see 33333330003 000 Selecting the date format see Selecting a modeOperations available in each mode Operating Modes Basic Calculations 14000343 9000 Delete key ⋅ ⋅ Playback function Editing and Correcting an EntryMemory clear key Cursor keys 192 ErrorsMemory use in each mode for memory calculations 500 TVM variables Temporary memories A-H, X-ZIndependent memory M Last answer memory ANS Example Key operation Statistical variablesMemory calculations Financial calculations General Information Variables shared among calculations Variables used in ﬁnancial calculations Listed ﬁnancial variables Basic variable operationsTVM variables N, I/Y, PV, PMT, FV Category Display symbols Descriptions ENT and Comp symbols Compound interest Cash ﬂow diagrams Variables used in the TVM solver Setting the payment period payment dueVariable Corresponding Description Default Variable key TVM Time Value of Money Solver Calculating basic loan interest Basic examples for the TVM solver 44000 120024000 5600000 Calculating basic loan payments 4008000 125586 Calculating future value 360020000 FV= 376889 1002000 1000000 Ordinary annuity Specifying payments dueOrdinary annuity END Annuity due BGN 1624570 180030000000 360 299500 240029950 14500 Calculating down payment and amount to borrow 3400150000 627995 14655892 3000090000 550 Variables used in amortization Variable Description Default valueAmortization Calculations 8895148 61656 1700 104852203428 600 1724476 3844574800 48275524 Repeated cash ﬂows Discounted Cash Flow AnalysisEntering cash ﬂow data Single cash ﬂows Conﬁrming and editing data 000*2200 300 Inserting data 2500000Editing data Deleting data NPV and IRR 3000000600000 Variables used in discounted cash ﬂow analysis To obtain IRR Procedure Key operation Display Bring up the initial disPlay in Normal mode To obtain NPV Calculating the present value of variable cash ﬂows 2314 662752 Variables used in bond calculations Setting the day-count methodBond Calculations To obtain yield to maturity Yield I/Y To obtain bond price Price PV 720 65010000 15-2023 Entering dates 9250728 Key operation Description Setting the depreciation methodDepreciation Calculations Variables used in depreciation calculationsPage Calculating straight-line depreciation 30005000000 To change EFF to APR 1956Conversion between APR and EFF To change APR to EFF Variables used in day and date calculations Day and Date Calculations Answer 228 days 10-200922800 Calculating number of days Calculate Procedure Key operation Display Move to the last datePercent Change/Compound Interest Cal- culations 800000 750000011600000 5467 Variables used in cost/sell/margin/markup calcula- tions 980000113 Cost/Sell/Margin/Markup Calculations Determining selling price 455609500 88842 Calculating the breakeven point Breakeven CalculationsVariables used in breakeven calculations 33937 15000007580 12000 Chain Calculations Constant Calculations 4500 087071 5000 Random coin Random FunctionsRandom numbers Random dice Random integer 532Modify Function Key operation Sub-mode Display Entering statistical dataFor a single-variable data set For a two-variable data set x value y value J Entering statistical data 1000 2000 Quadratic regression calculation Statistical Calculations and VariablesSingle-variable statistical calculations Linear regression calculations Variables Content Single-variable statistical calculation 5300017857 Linear regression calculation Quadratic regression calculation Discounted cash ﬂow analysis Financial Calculation FormulasTVM solver Amortization calculations Bond calculations Day and date calculations Depreciation calculationsConversion between APR and EFF Breakeven calculations Statistical Calcula- tion FormulasCost/Sell/Margin/Markup calculations Calculation error Error Errors and Calculation RangesError codes and error types Syntax error Error Input value error Error Equation too long ErrorNo solution Error Display error Error Function Calculation range Calculation ranges of functions Integer When to replace the battery Battery Replacement Priority 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