Table 1-27 Bond calculation

Keys

Display

Description

 

 

 

S7:YG:G:

6-4-2020 4

Inputs the

 

maturity date.

 

 

 

 

 

S7jV]Î

6.75

Inputs CPN%.

 

 

 

 

J::]Ë

100.00

Inputs call

 

 

 

value. Optional,

 

 

as default is

 

 

100.

 

 

 

Y7jV]Ô

4.75

Inputs Yield%.

 

 

 

 

115.89

Calculates the

 

 

 

price.

 

 

 

1]Û

2.69

Displays the

 

 

 

current value for

 

 

accrued

 

 

interest.

 

 

 

4

118.59

Returns total

 

price (value of price + value of accrued interest). The net price for the bond is 118.59.

For more information on bond calculations, refer to chapter 10, Bonds in the HP 10bII+ Financial Calculator User’s Guide.

Getting Started

25

Page 31
Image 31
HP 10bII+ Financial manual S7YGG, S7jVÎ, Y7jVÔ

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.