9 Calendar Formats and Date Calculations

Calendar Format

The calendar options for bonds and date calculations are Actual (ACT) and 360. Press

to toggle between these options. The default setting, Actual, is based on a 365-

day calendar. The alternate setting, 360, is based on a 360-day calendar. It is important to note date and bond calculations return different values for each of these settings, so verify the calendar mode is appropriate for your problem before you begin.

Table 9-1 Date and Calendar Keys

Keys

Description

 

 

Enters dates in DD.MMYYYY or MM.DDYYYY formats. D.MY is the default.

 

Numbers at the far right of a calculated date indicate days of the week. 1

 

is for Monday; 7 is for Sunday.

Toggles between 360-and 365-day (Actual) calendars.

Calculates the date and day, past or future, that is a given number of days from a given date. Note the returned result is always calculated on the 365-day calendar (Actual), regardless of the calendar setting.

Calculates the number of days between two dates. Based on your current setting, returned result is calculated on either the 365-day (Actual) or the 360-day calendar.

Date Format

The valid range of dates for the calendar functions of the HP 10bII+ is October 15, 1582 through December 31, 9999. For the date, the number of days between two dates, and bond calculations, dates may be entered and displayed either in month-day-year (M.DY) or day- month-year (D.MY) formats. In addition to a different display mode for the date and date calculations, these functions also return different values based on the 365-day (ACT) and 360- day (360) calendars.

Press to toggle between the formats. The default setting is day-month-year (dd.mmyyyy).

Press to toggle between the 360-and 365-day (actual) calendars.

To specify the number of displayed decimal places:

1.Press \5.

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HP 10bII+ Financial manual Calendar Formats and Date Calculations, Date Format

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.