Sharp EL-120 Specifications download pdf (Page 34)

AMRT P1=

100

Amortization Calculations

Calculate and create amortization schedules using values

stored in the TVM solver.

Note: Prior to using amortization, you need to enter values into

TVM variables.

Variables used in amortization

Variable Description Default value

AMRT P1 Start of payment (nth time) 1

AMRT P2 End of payment (nth time) 1

BALANCE Remaining balance after payment —

PRINCIPAL Principal paid —

INTEREST Interest paid over the speciﬁ ed periods —

• BALANCE,

PRINCIPAL and

INTEREST are calculated

automatically, so no default values are set.

• AMRT P1 and AMRT P2 must be between 1 and 9,999.

Basic operations

Refer to page 19 for basic variable operations.

1. Press

to clear the display.

• Make sure the calculator is in NORMAL mode.

• All the TVM solver variables retain their previously entered

values. If you wish to clear all the data, press

2. Select ordinary annuity or annuity due using

3. Enter the appropriate numeric values for the variables used

in the TVM solver.

• Conﬁ rm the values of N, I/Y, PV, PMT, FV, P/Y and C/Y.

4. Press

to use amortiza-

tion calculation.

5. Enter a value for “AMRT P1”

and press

6. Press

, enter a value for “AMRT P2” and press

7. Display values for BALANCE,

PRINCIPAL and

INTEREST

by pressing

once for each. Each value is calculated

automatically.

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Sharp EL-120 Specifications Page 34

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