Amortization Calculations - Sharp EL-738 Operation Manual

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
AMRT P1
AMRT P2
BALANCE
ΣPRINCIPAL
ΣINTEREST
• BALANCE, ΣPRINCIPAL and ΣINTEREST 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 s to 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.
• Confi rm the values of N, I/Y, PV, PMT, FV, P/Y and C/Y.
4. Press * to use amortiza-
tion calculation.
5. Enter a value for "AMRT P1"
and press Q .
6. Press i , enter a value for "AMRT P2" and press Q .
7. Display values for BALANCE, ΣPRINCIPAL and ΣINTEREST
by pressing i once for each. Each value is calculated
automatically.
33
Description
Start of payment (nth time)
End of payment (nth time)
Remaining balance after payment
Principal paid
Interest paid over the specifi ed periods
Default value
AMRT P1=
1
1
—
—
—
100