Sharp EL-9900 EL-9900C - Page 198

Chapter 11: Financial Features • So, the required amount of down payment is $300,000 - $149,025.29 = $150,974.71. Using the TVM-SOLVER screen, you can obtain various results by inputting the known variables and then moving the cursor to the unknown variable and pressing @ h. The value where the cursor pointer is placed will be calculated from the known variables. Example Compare the principal interest total when accumulating an interest of 2.18% monthly on $100 for 5 years with payment due at the beginning of the period and at the end of the period. 1. Payment due at the beginning of the period 1. Press @ g C 2 and press E. 2. Press @ g A E. Payment due is now set to the beginning of the period. 3. Enter the values. 4. Move the cursor to FV and press @ h. 2. Payment due at the end of the period. 1. Press @ g C 1 and press E. 2. Press @ g A E. Payment due is now set to the beginning of the period. 3. Enter the values. 4. Move the cursor to FV and press @ h. 188