Table 1-23 Calculating NPV and NFV

Keys

Display

Description

 

 

 

\½\«

643.88

Calculates NFV.

 

 

 

For more information on cash flows, refer to chapter 8, Cash Flow Calculations in the HP 10bII+ Financial Calculator User’s Guide.

Date and Calendar

Table 1-24 Keys used for dates and calendar functions

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. Based on your current setting, returned result is calculated using either 360-day or 365-day (Actual).

Calculates the number of days between two dates. Returned result is always calculated based on the 365-day calendar (Actual).

If the current date is February 28 2010, what is the date 52 days from now? Calculate the date using the 365-day calendar (actual) and the M.DY settings.

If 360 is displayed, press . If D.MY is displayed, press .

Table 1-25

Calculating the date

 

 

 

 

 

 

Keys

 

Display

Description

 

 

 

G7GgG:J:

2.28

Inputs the date in the

 

 

 

 

 

selected format.

 

 

 

 

 

VG4

4-21-2010 3

Inputs the number of days

 

 

and calculates the date along with the day of the week.

For more information on date and calendar functions, refer to chapter 9, Calendar Formats and Date Calculations.

At a Glance... 13

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HP 10bII+ Financial manual G7GgGJ, VG4, Date and Calendar

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.