Try it, Set the TAB FSE 2 and FIX Respectively

Chapter 11: Financial Features

Try it! 2

If the monthly payments in the first example is limit to a fixed $800, how much must be the present value (PV) and the required amount of down payment.

(+)	PV = 300,000 – down payment
Cash flow		I = 5%	FV = 0
Cash flow
	1 2 3	Time flow	358 359 N = 360
(–)
(–)		PMT = 800
		PMT = 800

Set the TAB and

FSE (2 and FIX

respectively)

1.Press @;C2 D2 TAB is set to 2 and FSE is set to FIX.

2.Press C@g Aand E.

The previous TVM-SOLVER screen will appear with the cursor flashing on N.

3.Press }three times to move the cursor to PMT.

4.Press _800 and E. Be sure to enter the minus sign to indicate payment.

5.Move the cursor to PV.

6.Press @h.

7.PV will change to 149025.29

•This indicates that the total amount over 30 years will be $149,025.29 if the maximum monthly pay- ment is limited to $800.

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EL-9900 specifications

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Overall, the Sharp EL-9900 stands out as a versatile scientific calculator packed with features designed to meet the needs of students and professionals alike. Its robust functionality, clear display, and user-friendly design make it a reliable tool for anyone engaged in mathematical and scientific pursuits. Whether used for basic calculations or advanced problem-solving, the EL-9900 remains a powerhouse in the realm of scientific calculators.

Sharp EL-9900 operation manual Try it, Set the TAB FSE 2 and FIX Respectively

Models: EL-9900