Sharp PC-1500 Applications Manual page 92

All and more about Sharp PC-1500 at http:/lwww.PC-1500.info
SHARP
PROGRAM
TITLE
CA LCULATION FOR LOAN LIMITS
AND NUMBER OF INSTALLM ENTS
[ Outline] (Financial Area)
If you can keep afloat , so much the better.
PROGRAM NO.
P5- D-I
CE- I SO required
In
need of a loan , ho wever, you want
co
make it affordable. This program
calculates the limits of a p roper loan and the numbe r of payments based on you r
solvency . Start saving with efficient payment plans even on loans.
( Operating Guide
I
"A":
TI1e loan limits calculation is based on solvency (installment and No. of
installments.)
(Fractions smaller than the unit arc omitted.)
"13":
Calcuh1tion for the number of installments is also based on the loan and
solvency.
( Example
I
"'A":
Find the loan limits on condition of monthly solvency at
150.000., 12
%
annual interest and
8
years installment term.
Input: Annual re payment =
I 50.000 X
I
2
Install ment term
=
8
Annual
in
tercst
= 12 %
"B":
Assuming that
a
loan of
3
millio n is repaid with monthly solvency of
I 00,000 at 12% annual interest, a calcu latio n is made on how many
months are required for repayment.
Input: Loan
=
3,000,000
Mont hly installment
~ 100,000
Mon thl y interest = 12.;- 12%
[ Contents ] (Formulas)
Input
Output
Loan L imit Calculation
Each Installment (amount: a)
Numbe r of installments
(n times)
Interest (r
%)
Loan limits
. . a
( H " - 1 )
Loan lnmls = ( R _
1
) . R .
Number of Install men ts
Calculation
Loa n (Tot al amount :
A)
Each Installment (amount: a)
Inte rest (r %)
Nun1ber of installments
e
og a
- e
0
8
(a - A · ( R - 1 ) )
Number of installments=
tog
n
r
where R = I
+
100
Do not sale this PDF !!!
- 86 -
1