HP 30b Professional, 20b Consultant Financial manual Canadian Mortgages TVM Canada, Dwn

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4 Canadian Mortgages: TVM Canada

:[

P/YR

DWN

C/YR

Figure 1 The Menu Map for the P/YR Menu

In Canada, interest rates for mortgages are, by law, given as a nominal interest rate, compounded twice yearly. This means that the compounding period for the per-period interest rate calculation differs from the compounding period when payments are made.

By default, the calculator performs calculations assuming that the number of compounding periods always equals the number of payments per year. You can, however, enable the TVM Canada option in the Mode menu, which enables you to select the number of compounding periods per year. For more information, refer to Chapter 1, Basic Features.

To open the P/YR menu, press :[. Note the following change in features with TVM Canada enabled:

1.The P/YR key opens a menu with two items: P/YR and C/YR in which you can specify the number of payments and compounding periods per year. See Figure 1.

2.In the Interest Conversion menu, the C/YR item is the same value as the C/YR item in the P/YR menu, and it no longer affects P/YR. However, note how if you now change the value of P/YR, the calculator automatically sets C/YR so it equals your new value assigned to P/YR. This means that if you modify P/YR, you also need to modify C/YR, if P/YR and C/YR are different values in your TVM problem.

Canadian Mortgages: TVM Canada 35

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Contents HP Part Number NW238-90001 Edition 1, December Legal Notice HP 20b Business Consultant HP 30b Business Professional Program menu On/Off/CancelLine, alphanumeric scrolling Common Mathematical Functions and Math MathPage Table of Contents Black-Scholes Menu Cash Flow Example Sample Cash Flow Diagrams Bonds Bond MenuAmortization Interest Conversion Menu Canadian Mortgage ExampleTurning the Calculator On and Off Basic FeaturesAdjusting the Display Contrast Welcome to your new HP Financial CalculatorCursor Mode Menu Setting PreferencesTwo Line Display Dd.mmyyyy Changing the Calculation Mode Primary, Secondary, and Tertiary Key Functions Equals Key Using the Input and Equals KeysAnnunciators Input KeyEditing and Clearing Entries On/CE Key Reset MenuMemory and the Memory Menu Accessing Menus and Menu MapsBasic Features DWN Fixed Cost Price Profit QuantityMathematical functions are located Mathematical CalculationsMathematical Functions Number Entry and DisplayAlgebraic Mode Chain ModeRPN Stack Reverse Polish Notation RPN ModeIor =, followed by an operation key Last Number See -2for an example using the last number functionO1c23 I56c U3I+ 4 x 5 + 5I6 3I4Duplicating a Number on the Stack RPN Stack and the Swap Operation One-Number Functions and the Math MenuMath Menu Random numberDWN Probability Sub-menu 12I 10IBinomial Functions 15I3hTwo-Number Functions Recall Arithmetic Storing and Recalling NumbersStoring and Recalling with Time Value of Money TVM Keys Rounding Numbers Recalling a Menu Item Value in a MenuPercentages Mathematical Calculations Time Value of Money TVM Keys Time Value of MoneyStores or calculates the amount of each periodic payment Calculating Payments on a Loan1400 00V 360NAmortization Principal Interest Nb Per Start BalanceCreating an Amortization Schedule 10YAmortization Example KeysDisplayDescription To open the Interest Conversion menu IConv press Interest Conversion Menu360 Using the Interest Conversion MenuDWN Canadian Mortgages TVM CanadaCanadian Mortgage Example O300 N6Y35 0000000.00 Cash FlowsCash Flow Example 4000 80005000 450000I 1150Mirr Analyzing Cash FlowsDWN Mirr Fmrr Inv. I% Safe I%Opens the NPV menu Editing Cash Flows Displays FMRR% Sample Cash Flow Diagrams Cash Flows Sample Cash Flow DiagramsSet.Date Mat.Date BondsCPN% Bond Menu42020 82010Bond Calculation Example =L1+ Stock price Strike price Time to maturity Risk-free % Black-Scholes Calculation MenuVolatility % Dividend % Call price Put price Black-Scholes Menu Volatility % input Black-Scholes Example 72I 80I85I 78IPress to scroll to Date Days Between Actual Cal.360 Date CalculationDate Calculation Menu Date Calculation Example3120 10I 2010Break-even Menu Break-evenBreak-even Example 100 00I 1500 00I250 300Percent Calculation Menu Business ProblemsPercent Calculation Examples 15I20I Is what % of 80? 80IPress Ito scroll through the options Sline DepreciationBook Value Depreciable Soyd Depreciation Menu00I 500 100Depreciation Example Depreciation Ax2+bx+c only Statistical OperationsData and Stats Menus Statistics Menu Items Description Std. Dev Statistics Example 4I1 75I 1I1 50I2I1 65I 3I1 60IStatistical Operations Programming the HP 30b ProgrammingKey Presses for Program Instructions Hold Hold Programming ExampleProgram Step Reassigning Menu Functions Followed by a label number to go Program Menu and Program EditingTo a specific label Creates label 03 in your program. You can Tests and Jump FunctionsUse the following keystrokes to enter the program Sub-Function Call Long Programs and Battery LifeISG , followed by 1 digit 05003$1Other Programming Functions DSEMessages Debugging a Program Calculates the volumeSaving, Restoring, and Modifying Mode Settings Solve L1hL1-L2= HoldProgramming Error Messages and Calculator Status Error MessagesError Messages Status ER Unique solution to IRR Not Found General Terms Warranty, Regulatory, and Contact InformationHP Limited Hardware Warranty and Customer Care Replacing the BatteriesWarranty, Regulatory, and Contact Information European Union Regulatory Notice ModificationsCanadian Notice Avis CanadienLow Voltage Directive 2006/95/EC EMC Directive 2004/108/EC Perchlorate Material special handling may apply Contact InformationCustomer Care 香港特別行政區 Martinica 08 5199 Country/Region Contact Vietnam +65-6272-5300 Viêt Nam Zambia Warranty, Regulatory, and Contact Information Symbols Debugging 85 Decimal CalendarCash flow Checksum 78 Combinations DateMargin Insert and delete keys Interest ConversionInternal rate of return Investment Rate Key Key presses Keyboard map and legend LanguagePercentages Permutations MathOn HP 30b Parentheses Percent CalculationStop 83 Store RPNThousands separator Time Value of Money
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30b Professional, 20b Consultant Financial specifications

The HP 30b Professional calculator is a versatile tool designed specifically for business professionals, engineers, and educators. This reliable calculator merges advanced technologies with user-friendly features, enabling users to perform complex calculations with ease. The HP 30b is appreciated for its robust design and functionality, making it a top choice among those who require a dependable calculating device for various applications.

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With a straightforward key layout and intuitive interface, the HP 30b is designed with user experience in mind. Whether in a classroom, office, or fieldwork scenario, users can easily navigate functions and access the features they need quickly. The HP 30b Professional calculator is truly an impressive blend of technology and practicality, making it an essential tool for anyone needing reliable performance in their daily calculations.
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