Procedure

Key operation

Display

 

 

 

Display the principal

i

ÍPRINCIPAL=

paid.

 

-104852

 

 

 

 

 

Display the interest

i

ÍINTEREST=

paid.

 

-203428

 

 

3.Calculate the amortization schedule for the second year.

Procedure

Key operation

Display

 

 

 

Change amortization

i6 Q

 

schedule to the second

 

 

 

 

year and enter 6 (Janu-

 

 

 

AMRT P1=

ary) for the starting

 

 

 

payment.

 

 

 

600

Enter 17 (December)

i

17

Q

AMRT P2=

 

for the ending payment.

 

 

 

1700

 

 

 

 

 

 

 

 

 

Display the remaining

i

 

 

BALANCE=

balance.

 

 

 

8633592

 

 

 

 

 

 

 

 

 

Display the principal

i

 

 

ÍPRINCIPAL=

paid.

 

 

 

-261556

 

 

 

 

 

 

 

 

 

Display the interest

i

 

 

ÍINTEREST=

paid.

 

 

 

-478316

 

 

 

 

4.Calculate the amortization schedule for the third year.

Procedure

Key operation

Display

 

 

 

Change amortization

i@i

 

schedule to the third

 

 

year and enter the next

 

AMRT P2=

12 months automati-

 

cally.

 

2900

Display the remaining

i

BALANCE=

balance.

 

8357421

 

 

 

 

 

Display the principal

i

ÍPRINCIPAL=

paid.

 

-276171

 

 

 

 

 

Display the interest

i

ÍINTEREST=

paid.

 

-463701

 

 

5.Repeat the above operation for the fourth and fifth years.

35

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Image 36
Sharp EL-738 operation manual 104852, 203428, 600, 1700, 8633592, 261556, 478316, 2900, 8357421, 276171, 463701