Sharp EL-738

33
AMRT P1=
100
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 Description Default value
AMRT P1 Start of payment (nth time) 1
AMRT P2 End of payment (nth time) 1
BALANCE Remaining balance after payment —
Σ
PRINCIPAL Principal paid —
Σ
INTEREST Interest paid over the specifi ed periods —
• BALANCE,
Σ
PRINCIPAL and
Σ
INTEREST 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,
Σ
PRINCIPAL and
Σ
INTEREST
by pressing
i
once for each. Each value is calculated
automatically.
3FinancialFunctionsCurrent.indd333FinancialFunctionsCurrent.indd33 06.7.108:38:27PM06.7.108:38:27PM