Chapter 11: Financial Features

The following CALC functions, 08 Bal, 09 ΣPrn and 10 ΣInt require the values of I%, PV and PMT variables. Enter the values beforehand in the TVM- SOLVER function.

Example using the 08 and 10

calculations

You plan to purchase a house for the price of $300,000. The down payment is $100,000. Calculate the monthly payments for a 30- year loan at an annual interest rate of 5% for the remaining $200,000.

08 Bal ( Bal (number of payments [, decimal place to round])

Calculates loan balance.

Calculate the loan balance after 15 years (180 months).

09 ΣPrn ( ΣPrn (initial number of payments, end number of payments [, decimal place to round]).

Calculates the principal amount of the total payments.

Compare the principal amount of the total payments after 5 (1 to 60 months) and 10 years (61 to 120 months).

10 ΣInt ( ΣInt (Initial number of payments, end number of payments [, decimal place to round])

Calculates the sum of the interest on the payments.

Compare the sum of the interest on the payment sum after 5 years and 10 years.

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Sharp EL-9900 operation manual Example using the 08 Calculations, Bal Bal number of payments , decimal place to round
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EL-9900 specifications

The Sharp EL-9900 is a remarkable scientific calculator that exhibits a fusion of advanced features, cutting-edge technology, and an ergonomic design tailored for both students and professionals. One of the standout characteristics of the EL-9900 is its extensive range of functions, boasting over 550 built-in calculations that cover various mathematical and scientific disciplines. This calculator is particularly popular among engineering and physics students due to its ability to handle complex calculations with ease.

One of the key features of the EL-9900 is its 2-line display, which allows users to view both the input and the result simultaneously. This dual display enhances usability, especially when dealing with intermediate steps in calculations. The calculator also includes a built-in 12-digit LCD screen, which ensures clarity and precision in reading numbers, making it easier for users to work for extended periods without straining their eyes.

The EL-9900 is equipped with a wide array of mathematical functions, including trigonometric, logarithmic, and exponential functions. Notably, it supports fraction calculations, statistical analyses, and unit conversions. Its advanced programming capabilities, such as 36 programmable functions and the ability to store data, further enhance its functionality, allowing users to create custom calculations tailored to specific needs.

One of the more modern technologies incorporated into the EL-9900 is its solar-powered function, which is complemented by a battery backup, ensuring that the device remains operable in varied lighting conditions. This environmentally friendly design reduces the need for frequent battery replacements, making it a cost-effective choice for users.

In terms of design, the Sharp EL-9900 boasts a slim profile and lightweight construction, which makes it portable and easy to carry. Its durable casing ensures that it can withstand the rigors of daily use, whether in a classroom setting or a professional environment.

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.
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