Sharp PC-1500 - Page 95

All and more about Sharp PC-1500 at http://www.PC-1500.info
SHARP
PRO GRAM
T I TL E
I Outline I
COMPOUND ANNUITY RATE CALCULATION
PRO G RAM NO .
PS- 0-4
This program c(l! c ulat cs the cu rr e nt compound ann uity rate at the e ncl and
beginning
of a term , as we ll as the outstandin g amo unt at e ach term end.
I Operat ing Guide I
! cu l [TI · I. T enn end outs t anding amount input
2. I nteres t input
3. Term in put
4. No. o f installm ents input
5. Int er es t calculati on
6. Te rm calc ulation
fo ., 1 [!] · I . Calc ul ati on of curr ent price paya ble at term e nd
2. Calculation of c urr e nt price payab le at term beginning
1 .., 1 0 · I. Outs t anding amount at t erm end
I Example)
I. De termine th e curre nt annuity payable in 9 y ea rs with 90,000 at the e nd of a
6-m on th t erm , and an interes t rate of 5 %.
2. Detennin e the curre nt annu it y payable in 9 ye ars with 90 , 000 at t he begi nning
of a 6 -month term, and an int er est rate of 5 %.
3. Amount of five million loan is made at an interest rate of 8 % (two sett le men ts
per year), and repaid in 5 year inst allments at 6-month compound inte rest.
What is
an installment at term end?
· Inter es t un it : I (F r ac tions a re r ou nded-off.)
(No te: I and 2 arc de te rmined simultaneously so th at they can be co mpared .)
( Contents I (Formul as)
Interest rat e" Int er es t rat e+ No. of insta llm ents · I 00
- n
Y = I - (I nterest rate+ I)
n = Installment te rm
Cu r rent price al term end = O utstanding amount x Y + Interest rate
Cu rr ent pri ce at term beginning = Outstan ding amou nt x Y + Inter es t rate
x (Rat e+ I)
O ut sta nding amount at te rm e nd = Out standing amount x Intere st rntc + Y
(Fractions of am ounts arc rou nd ed-off.)
Do not sale this PDF !!!
- 89 -
1