Contents
HP 10bII+ Financial Calculator User’s Guide
HP Part Number NW239-90001 Edition 1, May
Legal Notice
HP 10bII+ Financial Calculator
Keyboard Map Legend
Number
Table of Contents
Page
Page
III
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At a Glance
Basics of Key Functions
Shift Keys
Boxed Key Functions
Percentages
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Add 15% to
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Memory Keys
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GV4
J7GV
JYÏ
JG\Í
DSÙ
Time Value of Money TVM
TVM What if
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D7VÒ
How much can you borrow at a 9.5% interest rate?
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Amortization
Amortize the 1 st through 24 th loan payments
Depreciation
Interest Rate Conversion
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Cash Flows, IRR/YR, NPV, and NFV
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Date and Calendar
Bonds
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For more information on bond calculations, refer to , Bonds
Break-even
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\T \«
\e \«
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Probability
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Trigonometric Functions
Find Sin θ =.62 in degrees. If RAD is displayed, press
Convert the results to radians using Pi
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At a Glance
Manual Conventions and Examples
Power On and Off
Getting Started
Displayed text
Item before the / is the alternate
Shift Keys
Simple Arithmetic Calculations
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Operating Modes
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Calculations in Chain Mode
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Calculations in Algebraic Mode
Using Parentheses in Calculations
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Understanding the Display and Keyboard Cursor
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AD4
Clearing the Calculator
Annunciators
Clear All
Clearing Messages
INV
Statistics Keys
Input Key
Swap Key
Same as pressing
Math Functions
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One-Number Functions
Getting Started
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A7SGoR
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Two-Number Functions
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In-line Functions
Gd\¨
Jj\¨
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Arithmetic with One-and Two-number Functions
-23below lists the two-number functions of the calculator
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\Qv4
Last Answer
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\5D
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Specifying Displayed Decimal Places
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\54
\zyJG
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Messages
Business Percentage Keys
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Business Percentages
Percent key
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JGV1j§
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Margin and Markup Calculations
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Margin Calculations
Using Margin and Markup Together
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V1Gª
Using Stored Numbers in Calculations
Using Constants
Number Storage and Storage Register Arithmetic
Example Calculate 10 + 10%, 11 + 10%, and 25 + 10%
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Example Calculate 23
Using the M Register
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Using Numbered Registers
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JS7dVm
VS7J1
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\w7Y ADd7JV \wG
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YV7j \wD
G7V
\wPD
Picturing Financial Problems
How to approach a Financial Problem
Simple and Compound Interest
Signs of Cash Flows
Periods and Cash Flows
Simple Interest
Interest Rates
Compound Interest
Two Types of Financial Problems
Recognizing a TVM Problem
Recognizing a Cash Flow Problem
Cash flow diagram Borrower’s perspective
Cash flow diagram Investment in a mutual fund
Using the TVM Application
Time Value of Money Calculations
TVM Keys
Begin and End Modes
Loan Calculations
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J7VÒ
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1VÌ
DjVyÌ
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Savings Calculations
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Cash flow diagram Calculate the monthly lease payment
Lease Calculations
Cash flow diagram Calculate PV of the lease
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Step Find the present value of the buy option
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Step Add the results of ’ ’ and ’ ’
To Amortize
Amort key on the HP 10bII+ allows you to calculate
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Jdægy
JJ7VÒ
Jygvï
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Amortize the 1st, 25th, and 54th payments
Investments With Different Compounding Periods
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Interest Rate Conversions
First Bank
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S7SD\Ó
Compounding and Payment Periods Differ
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Resetting the TVM Keys
Depreciation
Depreciation Keys
Item in the selected format
Inputs 5 for the expected useful life
Depreciation example using Declining Balance Keys
How to Use the Cash Flow Application
Cash Flow Calculations
Clearing the Cash Flow Memory
Number1 ¤
Cash Flow Calculations
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Calculating Internal Rate of Return
NPV and IRR/YR Discounting Cash Flows
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Organizing Cash Flows
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Initial cash flow and cash flow groups
Viewing and Editing Cash Flows
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Calculating Net Present Value and Net Future Value
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Cash flow diagram Calculates NPV
Automatic Storage of IRR/YR and NPV
Calendar Formats and Date Calculations
Calendar Format
Date Format
Using the Input key
Date Calculations and Number of Days
Date Calculation
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To enter the data for this example using the Ækey
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\5S
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Using the Ækey
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Bonds
Bond Keys
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Resetting the bond keys
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Break-even
Break-even Keys
Break-even example
Calculating the projected maximum fixed cost
Resetting the Break-even keys
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\k\«
\h\«
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Clearing Statistical Data
Entering Statistical Data
Two-Variable Statistics and Weighted Mean
One-Variable Statistics
Viewing and Editing Statistical Data
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Summary of Statistical Calculations
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Weighted Mean
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Probability Calculations
Factorial
Permutations
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Advanced Probability Distributions
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Normal Lower Tail Probability
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Inverse of Normal Lower Tail Probability
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Students T Probability Lower Tail
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Inverse of Student’s t Probability Lower Tail
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Conversions from Lower Tail
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Returns desired value of z
Statistical Calculations
Additional Examples
Setting a Sales Price
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Business Applications
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Yield of a Discounted or Premium Mortgage
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Annual Percentage Rate for a Loan With Fees
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Canadian Mortgages
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What if … TVM Calculations
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Savings
Stores effective rate as annual
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Gains That Go Untaxed Until Withdrawal
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Cash Flow Examples
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Wrap-Around Mortgages
Cash flow diagram Wrap-around mortgage
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Installing Batteries
Power and Batteries
Low Power Annunciator
Appendix a Batteries and Answers to Common Questions
Calculator won’t turn on
Determining if the Calculator Requires Service
Resetting the calculator
Erasing the calculator’s memory
See Determining If the Calculator Requires Service
Answers to Common Questions
Environmental Limits
Appendix B More About Calculations
IRR/YR Calculations
Equations
Amortization
Payment Mode Factor S = 0 for End mode 1 for Begin mode
Time Value of Money TVM
Interest Rate Conversions
Cash-Flow Calculations
Bonds
For more than one coupon period to redemption
Depreciation
Statistics
Forecasting
Cashflow memory was cleared
Appendix C Messages
Memory has been erased Ch
Tvm registers were cleared
Bond registers were cleared
Statistical memory and registers were cleared
Limited Hardware Warranty Period
Warranty, Regulatory, and Contact Information
HP Limited Hardware Warranty and Customer Care
Replacing the Batteries
General Terms
Exclusions
Modifications
Canadian Notice
Avis Canadien
European Union Regulatory Notice
Germany
Perchlorate Material special handling may apply
Customer Care Contact Information
香港特別行
ไทย
Tobago Tunisia Turkey Türkiye Turks 01-800-711-2884
Warranty, Regulatory, and Contact Information
Warranty, Regulatory, and Contact Information
Chain mode
Advance payments Algebraic mode
Battery
Error messages Factorial
Keyboard
In-line functions Interest
Interest rate conversions Investments
Keys
Modes
Trigonometric functions Troubleshooting
Warranty
Operating modes Parentheses