Sharp EL-9650 - Page 217

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FINANCIAL FUNCTIONS
[07 Irr] : Calculates the investment revenue rate.
Input method: Irr (initial investment, list of following collected investment)
<Example 7>
The investment revenue rate is calculated using example 5 by assuming an investment
of $28,000 for the sales plan. (The sales plan is considered entered in list L1 and TAB
is set to “2”).
1.
¬
2. Ï
FINANCE
B 0 7 — 28000 ,
Ï
) ®
• 12.42 is obtained as the answer. Thus, the investment
revenue rate for the above condition is 12.42%
* In the previous example, revenues following the investment
value (input using “-” symbol) were assumed to be positive. However, when the assumed
revenue is set to minus (in other words, more than two inverse symbols), the assumed revenue
rate must be entered at the end. Error is returned unless this is done.
Input method: Irr (Initial investment value, list of collected investment, assumed
revenue rate)
[08 Bal (] : Calculates payments.
Input method: Bal (number of payments, displayed number of decimals).
The displayed number of decimals is optional (TAB setting will be valid in this case).
<Example 8>
We will calculate the loan balance after 15 years (180 months), using the contents set
in example 1.
1.
¬
2. Ï
FINANCE
B 0 8 180 ) ®
Thus, the remaining loan balance is $135,767.82
[09 ΣPrn (] : Calculates the amount of principals in the
total payment.
Input method: ΣPrn (initial number of payments, end number of payments, displayed
number of decimals).
The displayed number of decimals is optional.
<Example 9>
We will compare the amount of principals in the total payment after 5 years (1 to 60)
and 10 years (61 to 120) using example 1.
EL-9650-(08)EN (197-210) 8/1/00, 9:09 AM207