Sharp EL-738 operation manual Amortization Calculations, Variables used in amortization

Amortization Calculations

Calculate and create amortization schedules using values stored in the TVM solver.

Note: Prior to using amortization, you need to enter values into TVM variables.

Variables used in amortization

Variable	Description	Default value
AMRT P1	Start of payment (nth time)	1
AMRT P2	End of payment (nth time)	1
BALANCE	Remaining balance after payment	—
PRINCIPAL	Principal paid	—
INTEREST	Interest paid over the specified periods	—

•BALANCE, PRINCIPAL and INTEREST are calculated automatically, so no default values are set.

•AMRT P1 and AMRT P2 must be between 1 and 9,999.

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 .".

3.Enter the appropriate numeric values for the variables used in the TVM solver.

•Confirm the values of N, I/Y, PV, PMT, FV, P/Y and C/Y.

4. Press *to use amortiza-	AMRT P1=
tion calculation.

5. Enter a value for “AMRT P1”	100
and press Q.

6.Press i, enter a value for “AMRT P2” and press Q.

7.Display values for BALANCE, PRINCIPAL and INTEREST by pressing ionce for each. Each value is calculated automatically.

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