How much should you pay for the contract if you wish to yield a yearly rate of 15% on your investment?

Figure 6 Cash flow diagram (Calculate the amount)

The following example uses the Æand ¤keys to enter the cash flow amount and repeat value simultaneously. When the cash flow count is 1 for a given cash flow amount, the cash

flow amount may be entered simply by pressing the amount followed by ¤, as the default for the count is 1. However, when using the Ækey to enter the cash flow amount, you must

then follow Æwith the repeat value followed by ¤, even if the repeat value is 1. This

process is shown here to demonstrate this application and for consistency with entering the data for the example.

Table 8-7 Entering uneven cash flows

KeysDisplay Description

]O:

CFLO CLR

Clear cash flow memory.

 

 

(message flashes,

 

 

then disappears)

 

 

 

 

JG\Í

12.00

Set payments per year.

 

 

 

 

:ÆY¤

4.00

Input initial cash flow of zero and

 

 

(CFn 0 flashes, then

the repeat value.

 

disappears)

 

 

 

 

V:::ÆJ¤

(CFn 1 flashes, then

repeat value. Note the N

 

1.00

Input second cash flow amount and

 

disappears)

annunciator.

 

 

 

:ÆY¤

4.00

Input third cash flow amount and

 

 

(CFn 2 flashes, then

repeat value.

 

disappears)

 

 

 

 

V:::ÆG¤

(CFn 3 flashes, then

repeat value.

 

2.00

Input fourth cash flow amount and

 

disappears)

 

 

 

 

96 Cash Flow Calculations

Page 103 Page 105
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Image 104
HP 10bII+ Financial manual Æy¤, Væj¤, Væg¤
Page 103 Page 105

10bII+ Financial specifications

The HP 10bII+ Financial Calculator is a versatile and powerful tool designed to meet the needs of finance students, professionals, and anyone involved in financial planning and analysis. Known for its compactness and user-friendly interface, this calculator incorporates a range of features specifically tailored for financial calculations, making it an essential gadget for banking, real estate, and investment analysis.

At the heart of the HP 10bII+ is its ability to perform a wide variety of financial functions, including time value of money calculations, cash flow analysis, bond pricing, and depreciation. Its built-in functions facilitate the computation of interest rates, present and future values, net present value (NPV), internal rate of return (IRR), and annuities. This array of functionalities allows users to tackle complex financial problems with ease.

One of the standout technologies in the HP 10bII+ is its RPN (Reverse Polish Notation) input system, which allows for efficient data entry and calculation. Users can perform consecutive calculations without the need for parentheses, streamlining the process significantly. Alternatively, the calculator can also function with a standard algebraic input, catering to different user preferences.

The design of the HP 10bII+ is sleek and compact, making it highly portable and easy to handle. With a large, easy-to-read display, it ensures that users can view their calculations clearly, even in low-light environments. The keys are well-spaced and tactile, allowing for a comfortable typing experience during intensive calculations.

The calculator also offers a range of memory functions, enabling users to store and recall important values easily. This is particularly useful for financial professionals who must deal with multiple calculations and refer back to previous results frequently.

Additionally, the HP 10bII+ is powered by two AAA batteries, providing a long battery life that ensures reliability during extended use. It also features an automatic shut-off function, which conserves battery life when the calculator is not in use.

In summary, the HP 10bII+ Financial Calculator is a high-performance device that combines essential financial functions with user-friendly design and robust technology. Whether for educational purposes or professional finance work, its capabilities make it an invaluable asset for anyone dealing with financial calculations and decision-making.
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