Sharp el-9950

185
Chapter 9
Financial Features
The financial calculation features include capabilities for compound interest calculations.
Press
@
g
.
The financial menu screen will appear.
• SpeciestheTVM-SOLVERmode.
• Selectsanancialcalculationfunction
• Speciespaymentdue(topayatthebeginningorendofperiod)
• Determinesindividualsettings(inTVM-SOLVERmode)
1. Try it! 1
Youplantopurchaseahouseforapriceof
$300,000. The down payment is $100,000.
Calculatethemonthlypaymentsfora30-
yearloanatanannualinterestrateof5%
for the remaining $200,000.
• Ahorizontallineindicatesatimeow(lefttoright)dividedinto
even sections — months in this case. Each section indicates a
compound period and the total number of sections indicates the
total number of periods for payment.
1. Draw the following cash flow diagram to simplify the problem.
Cash flow
Present Value (PV) = 300,000
– 100,000
= 200,000
Future Value (FV) = 0
N = 12
× 30
= 360
PMT = ?
Time flow
I = 5%
359358231
(
+)
(
–)
Draw a cash
flow diagram on
paper