Sharp EL-5250 User Manual

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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?

Press j to return to the PROG mode menu.

Press 0, select the program
‘PAYBYMN’ and press e.

Enter 3000 for P, 500 for D, 11 for N and 1 for I.

Your monthly payment is approx. $241.

PAYBYMN:NORMAL
PRICE
P=?   

1            
S=
   241.1351893