Environmental Limits

Q:How can I change the sign of a number in a list of cash flows?

A:You must edit or replace the cash flow entry (Ch. 8 Cash Flow Calculations).

Q:What does PEND in the display mean?

A:An arithmetic operation is pending (in progress).

Q:What does INPUT in the display mean?

A:The Ækey has been pressed (Ch. 2 Getting Started).

Q:Why is IRR/YR larger than I expected?

A:This is IRR per year. To see a periodic IRR, divide IRR/YR by P/YR.

To maintain product reliability, you should avoid getting the calculator wet and observe the following temperature and humidity limits:

•Operating temperature: 0° to 40°C (32° to 104°F).

•Storage temperature: -20° to 65°C (-4° to 149°F).

•Operating and storage humidity: 90% relative humidity at 40°C (104°F) maximum.

IV Appendix A: Batteries and Answers to Common Questions

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HP 10bII+ Financial manual Environmental Limits

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.

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 At a Glance JGDBasics of Key Functions Shift Keys Boxed Key Functions Percentages Jj7V1JV§4 Add 15% to DDÃ JVÀGG¼ Memory Keys GV4 GG4J7GV JYÏ JG\ÍDSÙ Time Value of Money TVM TVM What if JyÌD7VÒ How much can you borrow at a 9.5% interest rate? Amortization JæjgAmortize the 1 st through 24 th loan payments Depreciation Interest Rate Conversion \½\« Cash Flows, IRR/YR, NPV, and NFV JÆG¤ Yy¤Yj¤ GD¤ VG4 G7GgGJDate and Calendar Bonds Y7jVÔ S7jVÎFor more information on bond calculations, refer to , Bonds Break-even \h \« \k \«\T \« \e \« SÆJS¡ GÆV¡YÆd¡ \T\« 17GV4 \5V7VF Probability Trigonometric Functions 7SGFind Sin θ =.62 in degrees. If RAD is displayed, press Convert the results to radians using Pi \aJg At a Glance Manual Conventions and Examples Power On and OffGetting Started Displayed text Item before the / is the alternate Shift Keys Simple Arithmetic Calculations GY7jJ1SG7Yj4JdPJG7Sg4 Operating Modes S7dPV7DVa Calculations in Chain Mode1JJV7V4 7dJ4 Da\qgVA Calculations in Algebraic ModeUsing Parentheses in Calculations JG\n Understanding the Display and Keyboard Cursor JVyAD4 Clearing the Calculator Clear All AnnunciatorsClearing Messages INV Statistics Keys Input KeySwap Key Same as pressing Math Functions Gd7GV\BD7Vj1G7DS\b One-Number Functions Getting Started J1SC \5YJVc 7DVoR YP\ A7SGoR\5G PY7V\2 Two-Number Functions J7GVrc17VdrC In-line Functions Gd\¨ Jj\¨JjÆ Gd1DD Arithmetic with One-and Two-number Functions -23below lists the two-number functions of the calculator G7V\K JGV\QD4 GG1JY\¨ VAJ7GV4\Qv4 Last Answer 7JGVS4 \5DYV7SP Specifying Displayed Decimal Places \54 Jaj4\zyJG D7gjSVYD Messages Business Percentage Keys GV§Business Percentages Percent key DJS7g4 JGV1j§GdJ7j\¨ Jgpvæ Margin and Markup Calculations GvvàJdÀ Margin Calculations D7SÀ Using Margin and Markup TogetherJVÃ V1Gª Using Stored Numbers in CalculationsUsing Constants Number Storage and Storage Register Arithmetic Example Calculate 10 + 10%, 11 + 10%, and 25 + 10% J1J§ª\QDª Example Calculate 23 VV\¨DGª Using the M RegisterYV4 JY7GVm Using Numbered RegistersJjs JS7dVm VS7J1 YjV7S\w7Y ADd7JV \wG V7Y G7V YV7j \wD\wPD Picturing Financial Problems How to approach a Financial Problem Simple and Compound Interest Signs of Cash FlowsPeriods 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 Time Value of Money Calculations Using the TVM ApplicationTVM Keys Begin and End Modes Loan Calculations Jyva DpjgùJ7VÒ JVÏ DjVyÌ 1VÌ1JV4 DDyÌ J7VÒ1JG4 JjGVÏ GV\ÚG7gÒ 1vÌ4 YgÙSavings Calculations GyÏ J7GÒ GY\Í GyÌ JV\Ú S7DÒYyÏ Cash flow diagram Calculate the monthly lease payment Lease Calculations Cash flow diagram Calculate PV of the lease JVÉ 1vÌy4 YjÙGYyÌ Step Find the present value of the buy option 1p4 JVyÉStep Add the results of ’ ’ and ’ ’ To Amortize Amort key on the HP 10bII+ allows you to calculate J7jVÒ JJ7VÒ JdægyJygvï VYÆ GVÆAmortize the 1st, 25th, and 54th payments Investments With Different Compounding Periods S7j\ÓInterest Rate Conversions First Bank DS\Í S7SV\ÓS7SD\Ó Compounding and Payment Periods Differ DSV\Í GVyÌ 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 Gy¤ Vy¤Calculating Internal Rate of Return NPV and IRR/YR Discounting Cash Flows JJjSV7Gd¤AJG Organizing Cash Flows JJy¤ Initial cash flow and cash flow groups Viewing and Editing Cash Flows 11GÆ 1JGyÆ1G JVÆ1GÆCalculating Net Present Value and Net Future Value VÆJ¤ ÆY¤VÆG¤ JÆJ¤ JVÆJ¤Æd¤ JVÒ Cash flow diagram Calculates NPV Automatic Storage of IRR/YR and NPV Calendar Format Calendar Formats and Date CalculationsDate Format Using the Input key Date Calculations and Number of Days Date Calculation \ÇJ4 To enter the data for this example using the ÆkeyJG7JgGJJ ÆJ\Ç DJ7JGJ4 \5SY7SGJ\Ä J7JjGJG J7JjGJGÆ Using the ÆkeyS7YGJV\Ä Bonds Bond Keys Y7GgGJ JYË S7YGGV7VÎ JJÑ J7JVGG Resetting the bond keysY7JVGJG Break-even Break-even Keys Break-even example Calculating the projected maximum fixed cost Resetting the Break-even keys \e\« \k\«\h\« \Z\« Clearing Statistical Data Entering Statistical Data Two-Variable Statistics and Weighted Mean One-Variable Statistics Viewing and Editing Statistical Data DVÆVJV¡ DGÆYJV¡YD\W\5G DjÆSgV¡ YDÆJGD¡YV\W Summary of Statistical Calculations D7V¡ Y7V¡D7GV¡ D7jV¡ JjjÆgD¡ JdDÆd¡JgGÆgJ¡ JgVÆjj¡ 400 DÆJJ¡ VÆGGSV¡ GÆJY¡JÆdG¡ VÆGgd¡ Weighted Mean VJÆgg¡ VÆVY¡VVÆDG¡ VJSÆdG¡ Factorial Probability CalculationsPermutations V9D4 VD4VÆD VÆD9 YG\w6 Advanced Probability Distributions J7jyF Normal Lower Tail Probability 7GVoF Inverse of Normal Lower Tail Probability GÆJ7gSyI GIJ7gSy4Students T Probability Lower Tail GSÆ7VoI GSoI7V4Inverse of Student’s t Probability Lower Tail Y1J4 Conversions from Lower Tail J7GyF PG4 Returns desired value of z Statistical Calculations Additional Examples Setting a Sales Price\qJ1\q GaJ4 Business Applications DÆJDS¡ JÆJ¡GÆJJGJ¡ YÆJSjV¡ VÆGVd¡ \qDA Gpdspj\q\qJ AG\n YVsPJ§ AJPJ4 Jg§YVjG7gy Yield of a Discounted or Premium Mortgage G7VÒ VÙAYGÙJdyÏ Annual Percentage Rate for a Loan With Fees JGÒ JSÏAG§Ï AD§Ï YV\«§4 AJGPJSaDP 1YVÏ PvÙ4 JgvïD7VÒ Jjvï ÉD\Ú JG\ÓJDÏ Canadian Mortgages DVVVyÌ JJ7GÒWhat if … TVM Calculations VÏ4 GS\ÍPvÙ1 Savings Stores effective rate as annual Jyyù Gains That Go Untaxed Until Withdrawal PJV§4 DVÙYòìï Cash Flow Examples G7JjVAGgDyÌ Wrap-Around Mortgages Cash flow diagram Wrap-around mortgage GGVJ7GG GG\¥ DVy¤VÌyAjVY VÌy¤ Installing Batteries Power and BatteriesLow Power Annunciator Appendix a Batteries and Answers to Common Questions Calculator won’t turn on Determining if the Calculator Requires ServiceResetting the calculator Erasing the calculator’s memory See Determining If the Calculator Requires Service Answers to Common Questions Environmental Limits IRR/YR Calculations Appendix B More About CalculationsEquations Amortization Payment Mode Factor S = 0 for End mode 1 for Begin modeTime 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 MessagesMemory 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 InformationHP Limited Hardware Warranty and Customer Care Replacing the Batteries General Terms Exclusions Modifications Avis Canadien Canadian NoticeEuropean 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 modeBattery Error messages Factorial Keyboard In-line functions InterestInterest rate conversions Investments Keys Modes Trigonometric functions TroubleshootingWarranty Operating modes Parentheses