User manual SHARP EL-738

[. . . ] MODEL EL-738 BUSINESS/FINANCIAL CALCULATOR OPERATION MANUAL NOTICE · SHARP makes no guarantee that this product or this manual is suitable or accurate for any purpose, commercial or otherwise. · Rules and practices in financial calculation vary according to country, locality, or financial institution. It is the consumer's responsibility to determine whether or not the results produced by this product conform to applicable rules and regulations. · SHARP will not be liable nor responsible for any incidental or consequential economic or property damage caused by misuse and/or malfunctions of this product and its peripherals, unless such liability is acknowledged by law. [. . . ] Now generate an amortization schedule from the first to the 48th payments. Procedure Key operation Display Change to amortization * 1 Q calculation and enter 1 for the starting payment. i AMRT P1= AMRT P2= 100 4800 BALANCE= 48275524 -1724476 i ÍPRINCIPAL= ÍINTEREST= i -16729460 Answer: The balloon payment after the 48th period would be $482, 755. 24. 36 Discounted Cash Flow Analysis Analyze unequal cash flows and calculate the net present value (NPV) and the internal rate of return (IRR). Note: Use the TVM solver for equal and regular cash flow analysis (see page 22). Entering cash flow data To find NPV and IRR using discounted cash flow analysis, enter cash flow data, one data item at a time, in the following format: Single cash flows Cash flow value J Repeated cash flows Cash flow value > frequency value J Notes: · Before entering data, press > . It is not possible to enter cash flow data when listed financial variables are shown on the display. · You can enter a total of up to 100 cash flow and/or statistical data items. A single cash flow value is counted as one data item, while a cash flow value with an associated frequency value is counted as two. · If you wish to correct a value before pressing J, press s to delete the entry and enter the correct value. Entering cash flow data Enter cash flow data according to the following cash flow diagram. $7, 000 $9, 000 $5, 000 $5, 000 $8, 000 ­$25, 000 37 Procedure Key operation Display Bring up the initial dis- s *1 play in NORMAL mode. , 25000 J 000 DATA SET:CF DATA SET:CF DATA SET:CF DATA SET:CF DATA SET:CF 000 * 100 200 300 400 2 7000 J 9000 J 5000 > 2 J 8000 J *1 *2 If there is cash flow data stored, press > . The format of the data set (cash flow and frequency values) number, which is initially set to "0. 00, " is dependent on calculator display notation settings. Confirming and editing data Confirming data Press > to display any previously entered cash flow data. The data is displayed in order by data item (identifier, number, and value). Use z/ i to display a data item from a previously entered data set. Cash flow identifier Data set number Cash flow value Data set number CF D--= -2500000 100 Frequency identifier CF N--= Frequency value 38 · Press . · Each data item is displayed in the form CF Dn= (cash flow value) or CF Nn= (frequency), where n indicates the data set number. Editing data · Display the data item you wish to modify by using z/ i, enter a new value and press J. · If a frequency value is set to zero, then the associated data set is deleted. Deleting data · Display the data item to be deleted by using z/i, and press . · If a cash flow value/frequency is deleted, the corresponding frequency/cash flow value is also deleted. Inserting data Using the z and i keys, specify the correct place to insert your new data by displaying the value that is to come directly after, and then press . A new data set with a cash flow value of zero and a frequency value of one will be inserted. Correcting cash flow data Currently the cash flow data is that shown in chart A. Chart A $7, 000 $9, 000 $5, 000 $5, 000 $8, 000 Chart B $7, 000 $9, 000 $6, 000 $5, 000 $8, 000 ­$25, 000 Procedure ­$30, 000 Key operation Display Display previously s> entered cash flow data. [. . . ] · When installing, orient the battery correctly, as indicated in the calculator. · The factory-installed battery may be exhausted before it reaches the service life stated in the specifications. Note on the erasure of memory contents When the battery is replaced, the memory contents are erased. Erasure can also occur if the calculator is defective or when it is repaired. [. . . ]