Sharp PC-1500 - Page 92

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SHARP
PROG RAM
TITLE
CA L CULATION FOR LOAN LIM ITS
AND NUMBER OF IN STA LLM E NTS
[ Outline] (Financial Area)
If you can ke ep afloat , so mu ch the better.
PROGRAM NO.
P5 - D-I
CE- I SO required
In n ee d of a loan, howev er, yo u want co make it affor dable. This program
ca lculates the limit s of a pr oper loan and the numb er of payments based on you r
so lv ency. St art saving with effic ient payment plans even on loans.
( O pe rat ing Guide I
"A": TI1 e l oan limits c alculation is based on solvency (installment and No. of
installments.)
(Fr a ctions smaller than the unit arc omitted.)
"13": Calcuh1tion for the numb er of installme nts is also based on th e loan a nd
solven cy .
( Ex am ple I
"'A": Find the loan limits on condition of mon thly so lvency at 150.000., 12 %
annua l int erest and 8 years installment term.
Input: Annual re payme nt = I 50.000 X I 2
Install men t term = 8
Annual in tercst = 12 %
"B": Assuming that a l oan of 3 million is repa id with monthl y so lv ency of
I 00,000 at 12% annual interest, a ca lculation is mad e on how many
months are r eq uired for repayment.
I nput: Loan = 3,000,000
M on thly installment ~ 100 ,000
Mon thly inte r est = 12 .;- 12%
[ Contents ] (Formulas)
Inpu t
O
utpu t
Loan L imit Calculation
Each
Ins tallment (amount: a)
Numb er of installments
(n times)
Int erest (r %)
Loan limits
. . a ( H " - 1)
Loan lnml s = ( R _
1
) . R.
Number of In stall men ts
Calculation
Loa n (To t al amount : A)
Eac h Installment (a m ount: a)
Inter es t (r %)
Nun1ber of installments
e og a - e 0
8
(a - A · ( R - 1 ) )
N umber of inst allments=
tog n
r
where R = I +
1 00
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