Sharp EL-738 Operation Manual page 25

Procedure
Set all the variables to
default values.
Make sure ordinary annuity is set (BGN is not displayed).
Set the number of pay-
ments per year to 12.
The number of compounding periods per year is automatically set to the
same value as P/Y.
Confi rm the number of
compounding periods
per year.
Quit the P/Y and C/Y
settings.
Calculate the total num-
ber of payments and
store in N.
Enter the present value.
Enter payment.
Enter the future value.
Calculate the annual
interest rate.
Answer: The annual interest rate is 7.17%.
Note: If you make a mistake, press L to erase the number
and enter the correct number to continue.
After pressing the TVM variable key, you must re-enter
values from the beginning.
Key operation
. b
12
. w
i
s
20
. < N
56000
v
440
, u
0
T
@ f
P/Y=
Q
C/Y=
ANS~N
56———~PV
(-44—)~PMT
—~FV
I/Y=
Display
000
1200
1200
000
24000
5600000
-44000
000
717
24