YjÙ, GYyÌ, 1vÌy4 | HP 10bII+ Financial instruction

This solution requires four steps:

1.Calculate the present value of the 47 monthly payments: (4 × 12) - 1 = 47.

2.Add the value of the additional advance payment.

3.Find the present value of the buy option.

4.Sum the values calculated in steps 2 and 3.

Step 1

Find the present value of the monthly payments.

Set to Begin mode. Press \¯if BEGIN annunciator is not displayed.

Table 6-13	Calculating the present value

Keys		Display	Description

JG\Í		12.00	Sets payments per year.


YjÙ		47.00	Stores number of payments.


GY::yÌ		-2,400.00	Stores monthly payment.


:É		0.00	Stores FV for Step 1.


dÒ		9.00	Stores interest rate.


Ï		95,477.55	Calculates the present value of
			47 monthly payments.

Step 2

Add the additional advance payment to PV. Store the answer.

Table 6-14 Adding the advance payment

		Keys		Display	Description

		1vÌy4			payment
				97,877.55	Adds additional advance.

		s		97,877.55	Stores result in M register.
				97,877.55	Stores result in M register.

Step 3
Find the present value of the buy option.
	Table 6-15		Calculating the present value of the last cash flow

	Keys			Display	Description

	YgÙ			48.00	Stores month when buy option
	YgÙ				occurs.

Time Value of Money Calculations 73

10bII+ Financial specifications

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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 YjÙ, GYyÌ, 1vÌy4, Step Find the present value of the buy option

Models: 10bII+ Financial

JG\Í

YjÙ

GY::yÌ

1vÌy4

Step 3

Find the present value of the buy option.

YgÙ

10bII+ Financial specifications