Jg\Í, Dsù, Jyï, Time Value of Money TVM

Time Value of Money (TVM)

Enter any four of the five values and solve for the fifth.

A negative sign in the display represents money paid out, and money received is positive.

Table 1-11 Keys for TVM calculations

Keys	Description

]OJ	Clears TVM memory and the current P_YR is
	displayed.
Ù	Number of payments.
	Number of payments.

\Ú	Multiplies a value by the number of payments
	per year and stores as N.
Ò	Interest per year.
	Interest per year.

Ï	Present value.
	Present value.

Ì	Payment.
	Payment.

É	Future value.
	Future value.

\¯	Begin or End mode.

\Í	Number of payments per year mode.

If you borrow 14,000 (PV) for 360 months (N) at 10% interest (I/YR), what is the monthly repayment?

Set to End mode. Press \¯if BEGIN annunciator is displayed.

Table 1-12 Calculating the monthly payment

KeysDisplayDescription

]OJ	TVM CLR (message flashes, then	Clears TVM memory and
	TVM CLR (message flashes, then	Clears TVM memory and
	disappears)	displays the current P_YR.

JG\Í	12.00	Sets payments per year.
	12.00	Sets payments per year.

DS:Ù	360.00	Enters number of payments.
	360.00	Enters number of payments.

J:Ò	10.00	Enters interest per year.
	10.00	Enters interest per year.

JY:::Ï	14,000.00	Enters present value.
	14,000.00	Enters present value.

6 At a Glance...

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.

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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.

HP 10bII+ Financial manual Jg\Í, Dsù, Jyï, Time Value of Money TVM

Models: 10bII+ Financial

Time Value of Money (TVM)

JG\Í

DS:Ù

JY:::Ï

10bII+ Financial specifications