Sharp el-9950 - Try It! 2

189
Chapter 9: Financial Features
2. Try it! 2
If the monthly payments in the first example is limit to a fixed $800, how much
mustbethepresentvalue(PV)andtherequiredamountofdownpayment.
1. Press
@
; C
2
D
2
TABissetto2andFSEissettoFIX.
2. Press
C @
g
A
and
E
.
 ThepreviousTVM-SOLVER
screen will appear with the
cursorashingonN.
3. Press
}
threetimestomovethecursortoPMT.
4. Press
_
800 and
E
.
Be sure to enter the minus
sign to indicate payment.
5. MovethecursortoPV.
6. Press
@
h
.
7. PVwillchangeto149025.29
• Thisindicatesthatthe
total amount over 30 years
will be $149,025.29 if the
maximum monthly payment
is limited to $800.
Cash flow
PV = 300,000 – down payment
FV = 0
N = 360
PMT = 800
Time flow
I = 5%
359358231
(
+)
(
–)
Set the TAB and
FSE (2 and FIX
respectively)