Page 2 - TICE
1 NO TICE • SHARP makes no guarantee that this pr oduct or this man ual is suitab le or accurate f or an y purpose , com- mer cial or otherwise . • Rules and practices in fi nancial calculation v a ry ac- cor ding to countr y , locality , or fi nancial institution. It is the consumer’ s responsibility...
Page 3 - Contents
2 Contents Intr oduction .................................................................. 3 Oper ational Notes ............................................................... 3 K e y Notations in This Man ual .............................................. 4 Chapter 1: Getting Star ted ...............
Page 4 - Introduction; Operational Notes
3 Introduction Thank y ou f or purchasing a SHARP Business/Financial Calcula- tor. After reading this man ual, store it in a con v enient location f or future ref erence . • Displa y of e xamples sho wn in this man ual ma y not look e x - actly the same as what is seen on the product. F or instance ...
Page 5 - Using
4 K e y Notations in This Man ual K e y oper ations are descr ibed in this man ual as f ollo ws: T o specify log : . h ..................... T o specify 1 : 1 or 1 ....................... T o specify xy : i V ..................... T o specify CLR-D : . ? ..................... T o specify ENT : Q T o...
Page 6 - Chapter 1; Getting Started; Preparing to Use the Calculator; Resetting the Calculator In Case of Diffi; The RESET operation will erase all data stored in; Resetting the calculator
5 Chapter 1 Getting Started Preparing to Use the Calculator Bef ore using y our calculator f or the fi rst time , you m ust reset (initializ e) it. Resetting the calculator Press the RESET s witch located on the bac k of the calculator with the tip of a ball-point pen or similar object. Do not use an...
Page 7 - Calculator la
6 Calculator and Displa y La y out Calculator la y out Cursor k e ys MODE k e y K e y oper ation key s SET UP key Displa y screen Pow e r ON/OFF and Clear k e y Displa y screen: The calculator displa y consists of a 12-char- acter dot matr ix char acter line and a 12-digit 7-segment char acter line ...
Page 9 - The SET UP Men; DSP; Selecting the displa
8 DEG / RAD / GRAD : Indicates which angular units are in use . It can be changed in the SET UP men u. : Appears when statistics mode is selected. M : Indicates that a n umer ical v alue is stored in the inde- pendent memor y (M). : Indicates that the v alue of the displa y ed v a riable has not bee...
Page 10 - operation
9 Selecting the fl oating point n u mber system in scien- tifi c notation The calculator has tw o settings f or displa ying a fl oating point n umber : FLO_A (FLO A T A) and FLO_B (FLO A T B). In each displa y set- ting, a n umber is automatically displa y ed in scientifi c notation outside the f ollo w...
Page 11 - Operating Modes; NORMAL
10 Selecting the date f ormat (see page 44) • US (Month-Da y-Year): ~ 3 0 (def ault setting) • EU (Da y-Month-Y ear): ~ 3 1 Operating Modes This calculator has tw o oper ating modes , which can be selected using the MODE k e y. Selecting a mode 1. Press m . The men u displa y appears . 2. Press 0 or...
Page 12 - Chapter 2; General Information; Basic Calculations; Entering n; Example; Clearing the Entr
11 Chapter 2 General Information Basic Calculations Entering n umber s and arithmetic operations • Use the n umber k e ys 0 to 9 , decimal point k e y . , and sign change k e y , to enter n umbers into the calcula- tor. T o clear the displa y or entr y, press s . • Use the S k e y to enter a v alue ...
Page 13 - Delete ke
12 * 1 N, I/Y , PV , PMT , and FV (P/Y and C/Y are not included.) * 2 Note that listed fi nancial v a riables shar ing common memor y with TVM v a riables, such as “COUPON (PMT)” used in bond calculations , are also cleared or restored to def ault settings . * 3 Listed v a riables used in fi nancial c...
Page 14 - Editing and Correcting an Entr; MEM
13 Memor y clear ke y Press . k to displa y the men u. • T o clear all (A-H, M, X-Z, ANS , TVM v a riables, listed fi nancial v a riables, cash fl o w data, and ST A T), press 0 0 or 0 = . • T o RESET the calculator , press 1 0 or 1 = . The RESET oper ation er ases all data stored in memor y, and rest...
Page 15 - Memor
14 Changing “15 ÷ 3 =” into “25 ÷ 13 =” Procedure K e y operation Displa y 15 ÷ 3 = s 15 8 3 = 15©3= 500 Enter the pla ybac k function. y 15©3 Switch to o v erwr ite mode . . d 15©3 Change “15” to “25” and mo v e the cur- sor to “3”. 2 y y 25©3 Change to inser t mode . . d 25©3 Change “3” to “13” an...
Page 18 - Chapter 3; Financial Functions; General Inf; Financial calculations
17 Chapter 3 Financial Functions General Inf ormation Financial calculations The f ollo wing fi nancial functions are a v ailab le . Use NORMAL mode to perf or m fi nancial calculations . TVM (Time V alue of Mone y) solver: Analyz e equal and regular cash fl o w s . These include calculations f or mor ...
Page 21 - The ENT and COMP symbols
20 The ENT and COMP symbols Listed fi nancial v a riables are categor iz ed b y whether the y are kno wn or unkno wn. When the v a riable is selected (displa y ed), the “ENT” and/or “COMP” symbols will appear to indicate that the current v a riable ma y be entered (kno wn v a riable) and/or calculate...
Page 23 - alue of Mone; ariab; BGN; Basic operations
22 TVM (Time V alue of Mone y) Solver Analyz e equal and regular cash fl o w s . These include calcula- tions f or mor tgages , loans , leases , sa vings , ann uities , and contr acts or in v estments with regular pa yments . Note: Discounted cash fl o w analysis can be done using un- equal cash fl o w...
Page 24 - Calculating basic loan interest
23 3. Enter v alues into TVM solv er v a riables. • Enter a v alue and press the appropr iate TVM v a riable k e y ( N , f , v , u , T ). • Press . w and then enter a v alue f or P/Y . The same v alue is automatically assigned to C/Y as w ell. V al- ues entered into P/Y or C/Y m ust be positiv e . A...
Page 25 - Ans
24 Procedure K e y operation Displa y Set all the v a riables to default v alues . . b 000 Mak e sure ordinar y ann uity is set ( BGN is not displa y ed). Set the n umber of pa y- ments per y ear to 12. . w 12 Q P/Y= 1200 The n umber of compounding per iods per y ear is automatically set to the same...
Page 29 - Specifying pa; y ann; Or
28 Specifying pa yments due ( . " ) This calculator can select ordinar y ann uity or ann uity due de- pending on the regular cash fl o w (pa yment) conditions . Ordinar y ann uity (END): This is the def ault setting f or fi nancial calculations . BGN is not displa y ed. A regular cash fl o w (pa ym...
Page 30 - Ann
29 Procedure K e y operation Displa y Enter the total n umber of pa yments . s 18 N 18~N 1800 Enter the future v alue . 300000 T 3—————~FV 3 0000000 Set the present v alue to z ero . 0 v —~PV 000 Enter the ann ual inter- est r ate. 3.6 f 3 .6~I/Y 3 60 Calculate pa yment. @ u P MT= -1624570 Ans wer: ...
Page 31 - Calculating the present v
30 Procedure K e y operation Displa y The n umber of compounding per iods per y ear is automatically set to 12. Press s to e xit the P/Y and C/Y settings . Enter the total n umber of pa yments . s 24 N 2 4~N 2 4 00 Enter the future v alue . 2995 x 10 . % T ANS~FV 2 99 50 Enter pa yment. , 145 u (-14...
Page 32 - Calculating do
31 4 Procedure K e y operation Displa y Set all the v a riables to default v alues . . b 000 Set to ann uity due ( BGN is displa y ed). . " 000 Set the n umber of pa y- ments per y ear to 12. . w 12 Q P/Y= 1200 The n umber of compounding per iods per y ear is automatically set to 12. Press s to ...
Page 33 - MT
32 Procedure K e y operation Displa y Set all the v a riables to default v alues . . b 000 Mak e sure ordinar y ann uity is set ( BGN is not displa y ed). Set the n umber of pa y- ments per y ear to 12. . w 12 Q P/Y= 1200 The n umber of compounding per iods per y ear is automatically set to 12. Pres...
Page 34 - AMRT; Amor
33 AMRT P 1= 1 00 Amor tization Calculations Calculate and create amor tization schedules using v alues stored in the TVM solv er . Note: Prior to using amor tization, y ou need to enter v alues into TVM v a riables. V ariab les used in amor tization V ariab le Description Default v alue AMR T P1 St...
Page 35 - AM
34 8. Press i to calculate the ne xt per iod of the amor tization schedule . 9. Repeat steps 5 to 7 abo v e . • If you press @ dur ing “AMR T P1” and “AMR T P2” entr y, the v alues f or the ne xt per iod of pa yment will be automatically calculated and displa y ed. • T o end amor tization calculatio...
Page 38 - Single cash fl; Entering cash fl
37 Discounted Cash Flo w Anal ysis Analyz e unequal cash fl o w s and calculate the net present v alue (NPV) and the inter nal r ate of retur n (IRR). Note: Use the TVM solv er f or equal and regular cash fl o w analysis (see page 22). Entering cash fl o w data T o fi nd NPV and IRR using discounted cas...
Page 39 - DATA; Confi
38 Procedure K e y operation Displa y Bring up the initial dis- play in NORMAL mode . s 000 Enter cash fl o w data. , 25000 J DATA S ET:CF 000 7000 J DATA S ET:CF 100 9000 J DATA S ET:CF 200 5000 > 2 J DATA S ET:CF 300 8000 J DATA S ET:CF 400 If there is cash fl o w data stored, press > . b to c...
Page 40 - Correcting cash fl; y operation
39 • Press . z or . i to jump to the fi rst or the last data item, respectiv ely. • Each data item is displa y ed in the f o rm CF D n = (cash fl o w v alue) or CF N n = (frequency), where n indicates the data set n umber . Editing data • Displa y the data item y ou wish to modify b y using z / i , en...
Page 41 - Net present v
40 Procedure K e y operation Displa y Change the fi rst cash fl o w v alue from –25,000 to –30,000. , 30000 J CFD—= -3000000 Change the frequency of 5000 from 2 to 1. i i i i i i i 1 J CFN3= 100 Add a ne w data set (6000) immediately before 5000. . e 6000 J CFD3= 600000 T o confi r m the corrections , ...
Page 42 - obtain NPV; Solving f
41 2. Enter cash fl o w data. • Ref er to page 37 f or instr uctions on enter ing cash fl o w data. 3. Press . < to begin discounted cash fl o w analysis . • If a pre viously entered cash fl o w v alue is displa y ed, press s to e xit and then press . < . 4. T o fi nd NPV or IRR, do the f ollo wing...
Page 43 - ATE
42 Procedure K e y operation Displa y Enter cash fl o w data. , 12000 J DATA SET:CF 000 3000 J DATA SET:CF 100 5000 > 3 J DATA SET:CF 200 4000 J DATA SET:CF 300 Retur n to the initial dis- play in NORMAL mode . s 000 If there is cash fl o w data stored, press > . b to clear it. 2. Calculate IRR....
Page 44 - Enter the cash fl; If there is cash fl
43 $80,000 $80,000 $80,000 $80,000 $80,000 –$20,000 –$50,000 –$50,000 –$100,000 –$50,000 1. Enter the cash fl o w data. Procedure K e y operation Displa y Bring up the initial dis- play in NORMAL mode . s 000 Enter cash fl o w data. , 50000 > 2 J DATA SET:CF 000 , 150000 J DATA SET:CF 1 00 80000 &g...
Page 45 - Bond Calculations; Setting the da
44 Bond Calculations Using bond calculations , you can obtain bond pr ices , yields to matur ity , and accr ued interest. V ariab les used in bond calculations V ariab le Description Default v alue COUPON (PMT) Ann ual coupon r ate (%) 0 REDEMPT (FV) Redemption v alue 0 M-D-Y 1 Settlement date (date...
Page 47 - Calculating bond price and accrued interest; YIEL
46 Calculating bond price and accrued interest A $100, 20-y ear , 6.5% coupon bond is issued to mature on A ugust 15, 2023. It w as sold on No v ember 3, 2006 to yield the purchaser 7.2% compounded semiann ually until matur ity . At what pr ice did the bond sell? Also calculate the accr ued coupon i...
Page 48 - PRI; Entering dates; Month entr
47 Procedure K e y operation Displa y Change the bond pr ice to $92.50. # i i i i i i 92.5 Q PRI C E(PV)= 9 25 0 Calculate the yield. z @ YIELD(I/Y)= 728 Ans wer: The yield will be 7.28%. Entering dates Ref er to the f ollo wing notes f or date entr y. • Enter using US date f o rmat (MM-DD-YYYY) or ...
Page 49 - Depreciation Calculations
48 Depreciation Calculations Using depreciation calculations , you can obtain depreciation base v alues using three types of calculation methods: the straight-line method, the sum-of-the-y ears’ digits method, and the declining balance method. V ariab les used in depreciation calculations V ariab le...
Page 51 - Calculating straight-line depreciation; START
50 Calculating straight-line depreciation In Apr il, y our compan y begins depreciation of a commercial b uilding with a 30-y ear lif e and no salv age v alue . The b uilding costs $1,500,000. Calculate the depreciation amount, remaining book v alue and remaining depreciab le v alue f or the third y...
Page 52 - hang; Con
51 Con ver sion between APR and EFF Interest r ates can be con v e rted betw een APR (ann ual, or nomi- nal percentage r ate) and EFF (eff ectiv e interest r ate). • The APR is an in v estment’ s ann ual r ate of interest when com- pounding happens only once a y ear . The interest r ate pr inted on ...
Page 54 - Finding a date
53 Calculating n u mber of da ys Calculate the n umber of da ys betw een December 25, 2008 and A ugust 10, 2009 (using US date f o rmat and the actual calen- dar). Procedure K e y operation Displa y Bring up the initial dis- play in NORMAL mode . s 000 Select da y and date calculations , and set all...
Page 55 - rcent Chang; OLD
54 Procedure K e y operation Displa y Mov e to the last date and calculate . z @ M-D-Y 2=[MO] 2-21-2011 Ans wer: The last date is F ebr uar y 21, 2011. P e rcent Chang e/Compound Interest Cal- culations Using percent change/compound interest calculations , you can deter mine the v alues of percentag...
Page 56 - Calculating compound interest rate
55 Calculating per cent c h ang e Sales in a compan y w ere $75,000 dur ing the fi rst y ear of oper a- tion. The second y ear’ s sales w ere $116,000. What percentage g reater w ere the second y ear’ s sales than fi rst y ear’ s sales? In this calculation, the n umber of compound per iods is set to 1...
Page 57 - gin/Markup Calculations
56 Procedure K e y operation Displa y Enter the ne w v alue . i 9800 Q NE W PRC( FV ) = 98 0000 Set the n umber of com- pound per iods to 18. i i 18 Q P E R IODS ( N ) = 18 00 Calculate the com- pound interest r ate. z @ % ( I/Y ) = 113 Ans wer: The compound interest r ate is 1.13%. Cost/Sell/Mar gi...
Page 58 - Determining selling price; MA
57 3. Enter the v alues of an y tw o kno wn v a riables as f ollo ws: Unkno wn v ariab le Kno wn v ariab les COST SELL, and MARGIN or MARK UP SELL COST , and MARGIN or MARK UP MARGIN COST and SELL MARK UP COST and SELL Because only either MARGIN or MARK UP is used in an y cost/sell/margin/mar kup ca...
Page 59 - Calculating the breake
58 Breake ven Calculations Using break e v en calculations , you can calculate fi x ed cost, v a ri- able cost per unit, unit pr ice, profi t and quantity . V ariab les used in breake ven calculations V ariab le Description Default v alue FIXED Fixed cost 0 V ARIABLE V a riable cost per unit 0 PRICE U...
Page 60 - VA; The break
59 Procedure K e y operation Displa y Select break e v en calculations , and set all the v a riables to def ault v alues . $ . b FIXED= 000 Enter fi x ed cost. 15000 Q FIXED= 15 00000 Enter v a riable cost per unit. i 75.80 Q VA R IABLE= 758 0 Enter unit pr ice. i 120 Q PR I C E= 12 000 Lea v e profi ...
Page 61 - Chapter 4; Scienti; Constant Calculations
60 Chapter 4 Scienti c Functions This calculator has a v a riety of functions . Press m 0 to select NORMAL mode and perf or m scientifi c calculations . • F or basic calculations , see page 11. • When a listed fi nancial v a riable is displa y ed, y ou can enter the result of a scientifi c calculation ...
Page 62 - Scientifi; tan; The r
61 Scientifi c Calculations Example K e y operation Displa y sin 60 [°] = s . { 60 = sin60= 087 cos — [r ad] = ~ 1 1 . c ( . t 8 4 ) = cos(π©4)= 071 tan –1 1 [g] = ~ 1 2 . 7 1 = tan - | 1= 5000 tan –1 1 [°] = ~ 1 0 . 7 1 = tan - | 1= 4500 • The r ange of the results of in v erse tr igonometr ic funct...
Page 63 - Random Functions; Random n
62 Example K e y operation Result 4! = 4 . o = 24 00 10 P 3 = 10 . q 3 = 7 2 000 5 C 2 = 5 . p 2 = 1 000 What is 25% of 500? 500 x 25 . % 12 500 What percentage of 400 is 120? 120 8 400 . % 3 000 500 + (500 × 25%) = 500 + 25 . % 6 2 500 400 – (400 × 30%) = 400 - 30 . % 2 8000 Random Functions This c...
Page 64 - Modify Function
63 Random integ er An integer betw een 0 and 99 can be gener ated r andomly b y pressing . | 3 = . T o gener ate fur ther r andom n umbers in succession, press = f or each n umber . Press s to e xit. Example K e y operation Displa y Pick a r andom n umber betw een z ero and 9.99. s . | 0 x 10 = RAND...
Page 65 - Chapter 5; Statistical Functions; Entering statistical data
64 Chapter 5 Statistical Functions Statistical calculations can be perf or med in ST A T mode . The symbol will be visib le if y ou are in ST A T mode . There are se v en sub-modes within ST A T mode , corresponding to each of the functions belo w: K e y operation Sub-mode Displa y m 1 0 m 1 1 m 1 2...
Page 66 - Stat
65 • Y ou can enter a total of up to 100 statistical and/or cash fl o w data items . F or single-v ar iable data, a data set without a frequency is counted as one data item, and a data set with an assigned frequency is counted as tw o data items . F or tw o- v a riable data, a data set without a freq...
Page 67 - Editing data
66 Confi rming and editing data • Use z / i to displa y a data item from a pre viously entered data set. • Press . z or . i to jump to the fi rst or last data item, respectiv ely. • Each data item is displa y ed in the f o rm : “X n = ( x v alue)”, “Y n = ( y v alue)”, or “FRQ n = (frequency)”, where ...
Page 68 - Editing statistical data; Statistical Calculations and; bx
67 Editing statistical data Change the pre viously entered data from page 65 as f ollo ws: Procedure K e y operation Displa y Displa y the statistical data. i X1= 3000 Change the “40, 2” data set to “45, 3”. i i 45 J i 3 J FRQ2= 300 Delete “50”. i . ? Stat — 000 Add “60”. 60 J DATA SET= 300 Statisti...
Page 69 - COMP
68 The estimate of y f or a giv en x (estimate y ´) and the estimate of x f or a giv en y (estimate x ´) can also be f ound. When there are tw o x v alues , the COMP symbol will appear . Press @ to s witch betw een x v alues . Exponential regression, logarithmic regression, po w- er regression, and ...
Page 70 - Sx
69 Single-v ariab le statistical calculation Example K e y operation Result m 1 0 . b Stat — 000 95 95 J DATA SET= 100 80 80 J DATA SET= 200 80 J DATA SET= 300 75 75 75 75 > 3 J DATA SET= 400 50 50 J DATA SET= 500 x = f = –x 7571 = x = f 2 1237 σ ≈= n = f n 700 n = x = f U 53000 Í≈= x 2 = f [ 412...
Page 71 - Linear regression calculation; Sy
70 Linear regression calculation Example K e y operation Result xy m 1 1 Stat 1 000 25 2 > 5 J DATA SET= 100 25 J DATA SET= 200 12 24 12 > 24 J DATA SET= 300 21 21 21 40 40 40 21 > 40 > 3 J DATA SET= 400 15 25 15 > 25 J DATA SET= 500 a = f a 105 a = b = f b 183 b = r = f r 100 r = sx ...
Page 72 - Quadratic regression calculation
71 Quadratic regression calculation Example K e y operation Result xy m 1 2 Stat 2 000 12 41 12 > 41 J DATA SET= 100 81 3 8 > 13 J DATA SET= 200 52 5 > 2 J DATA SET= 300 23 200 23 > 200 J DATA SET= 400 15 71 15 > 71 J DATA SET= 500 a = f a 536 a = b = f b -312 b = c = f a 050 c = x = ...
Page 73 - Appendix; Financial Calculation Form
72 Appendix Financial Calculation Form ulas TVM solver PMT , PV , FV , N Error I/Y If PMT = 0 then If N = 1 then If PMT 0 or N 1 then nd i using the fol- lowing equations: + Error i –1 Amor tization calculations Calculations (for PV , PMT , and i, see the TVM solver) END INT(1) = ROUND(–PV × i) BGN ...
Page 74 - Bond calculations; Standard Secur
73 Bond calculations In its bond calculations , this calculator conf or ms to r ules set up b y the book titled Standard Secur ities Calculation Methods , by J an Mayle, Secur ities Industr y Association, 1993. Bond calculation is based on the f ollo wing r ules: 1. Whene v er the redemption date ha...
Page 77 - Err; Syntax err
76 Err ors and Calculation Rang es Err ors An error will occur if an oper ation e xceeds the calculation r ang- es, or if a mathematically illegal oper ation is attempted. When an error occurs , pressing g or y automatically mo v es the cursor bac k to the place in the equation where the error oc- c...
Page 79 - Function
78 Calculation rang es of functions • Within the r anges specifi ed, this calculator is accur ate to within ±1 of the least signifi cant digit of the mantissa. Ho w e ve r, a calculation error increases in contin uous calculations due to accum ulation of each calculation error . (This is the same f or...
Page 81 - Notes on batter; Note on the erasure of memor; When to replace the batter
80 Batter y Replacement Notes on batter y replacement Improper handling of batter y can cause electrolyte leakage or e xplosion. Be sure to obser v e the f ollo wing handling r ules: • Mak e sure the ne w batter y is the correct type . • When installing, or ient the batter y correctly , as indicated...
Page 82 - Priority Le
81 Replacement pr ocedure 1. T u rn the po w er off b y pressing . c . 2. Loosen the scre w and remo v e the batter y co v e r. (see fi g. 1) 3. Remo v e the used batter y using a ball-point pen or similar object. Do not use a mechani- cal pencil or an y shar p or pointed object to remo v e the batte...
Page 83 - operation and calculation priority; Specifi; For more inf
82 K e y operation and calculation priority 5 + 2 x . { 30 + 25 x 5 . @ 3 = • P arenthesiz ed oper ations tak e precedence o ver other oper ations . Specifi cations Calculations: Financial calculations Gener al ar ithmetic calculations Scientifi c calculations Statistical calculations Calculation meth...
Page 84 - Inde
83 Inde x > , 37, 51, 64 + - x 8 , 4, 11 = , 11, 15 , , 11, 37, 61 ( ) , 11, 16, 61 < , 23 } : , 60, 61 % , 16, 62 B , 54 z i g y , 6, 13 ! P , 51 . , 11 t , 16, 61 ; , 61 : , 61 . , 4, 6, 7 & , 44, 45, 52 i , 4, 6, 7, 15 * , 33 / , 15, 16, 23 " , 22, 28, 33 # , 45 $ , 58 b , 12, 19 &l...
Page 86 - MEMO
