Sharp EL-5230 - Manual (Page 107)

105
Program code Key operation
Print S i 0 ; S e
Example
If you wish to buy furniture costing $3,000 with $500 as a down payment
and pay the remainder in 11 month’s installments with a monthly interest
rate of 1%, how much is the monthly payment?
4. Press j to return to the PROG mode menu.
5. Press 0, select the program
‘PAYBYMN’ and press e.
6. Enter 3000 for P, 500 for D, 11 for N and 1 for I.
Result
Your monthly payment is approx. $241.
Chapter 8: Application Examples
PAYBYMN:NORMAL
PRICE
P=?
1
S=
241.1351893