user’s guide
Notice
REGISTER YOUR PRODUCT AT: www.register.hp.com
Welcome to the HP 10BII
Hewlett-PackardQuality
Features
Contents
Page
Page
Page
Page
Page
At a Glance
Basics—Ata Glance
Percentages—Ata Glance
Memory Keys—Ata Glance…
Time Value of Money (TVM)—Ata Glance…
TVM What if…—Ata Glance…
Amortization—Ata Glance…
Interest Rate Conversion—Ata Glance…
IRR/YR and NPV—Ata Glance…
Statistics—Ata Glance…
QXPEHU0 QXPEHUA
0A
0A
*4
–10.00
1,420.00
Keyboard Map
Page
Getting Started
Power On and Off
Adjusting the Display Contrast
Simple Arithmetic Calculations
QXPEHUNH\VWDUWVDQHZFDOFXODWLRQ
"d
3UHVVLQJ GLVSOD\V
ï
&DOFXODWHï
$GGV
Understanding the Display and Keyboard
Cursor
Clearing the Calculator
Clearing Memory
Annunciators
Shift Key
Statistics Key
INPUT Key
SWAP Key
Math Functions
QXPEHU
Display Format of Numbers
Specifying Displayed Decimal Places
Scientific Notation
Displaying the Full Precision of Numbers
Interchanging the Period and Comma
Rounding Numbers
Messages
Business Percentages
Percent Key
Finding a Percent
Adding or Subtracting a Percent
Percent Change
Margin and Markup Calculations
Margin Calculations
Markup on Cost Calculations
Using Margin and Markup Together
Number Storage and Arithmetic
Using Stored Numbers in Calculations
Using Constants
Operation
6WRUHV´QXPEHUµDVFRQVWDQW
6WRUHV´²QXPEHUµDVFRQVWDQW
6WRUHV´ïQXPEHUµDVFRQVWDQW
6WRUHV´¸QXPEHUµDVFRQVWDQW
Using the M Register
Using Numbered Registers
Doing Arithmetic Inside Registers
*!"UHJLVWHUQXPEHU
*!dUHJLVWHUQXPEHU
Doing Arithmetic
Power Operator
Using Parentheses in Calculations
µ
d*
1RFDOFXODWLRQ\HW
&DOFXODWHV²
&DOFXODWHV
Picturing Financial Problems
How to approach a Financial Problem
Signs of Cash Flows
Periods and Cash Flows
Simple and Compound Interest
Simple Interest
Compound Interest
Interest Rates
Two Types of Financial Problems
Recognizing a TVM Problem
PV = 150,000.00
I/YR = 7.5%
N = 360 (30 × 12)
PMT = -1,041.40
FV = -10,000.00
Recognizing a Cash Flow Problem
Page
Time Value of Money Calculations
Using the TVM Application
Clearing TVM
Begin and End Modes
Loan Calculations
*b
"P
6WRUHVQXPEHURI
SHULRGVLQORDQ
13,000.00
\HDUV
.7.50
(2 –930.00
6WRUHVLQWHUHVWUDWH
133,006.39
Example: A Mortgage With a Balloon Payment. <RX·YHREWDLQHGD
6ROYHWKLVSUREOHPXVLQJWZRVWHSV
&DOFXODWHWKHORDQSD\PHQWXVLQJD\HDUWHUP
&DOFXODWHWKHUHPDLQLQJEDODQFHDIWHU\HDUV
Step 1. )LUVWFDOFXODWHWKHORDQSD\PHQWXVLQJD\HDUWHUP
WKHQVWRUHV
P 48.006WRUHV\HDUWHUP
P
/ –163,388.39
2 –164,812.45
Savings Calculations
6HWVPWR\HDUV
3,035.28
\HDUV
I/YR = 6.3%
N = 360 (15 years × 24 half-months)
FV
SHU\HDU
(2
–80.00
6WRUHVUHJXODU
GHSRVLWV
Lease Calculations
FV = 7,500.00
Money received
by lessor
is positive
I/YR = 10%
PV
I/YR = 9%
N
PMT = -2,400.00
(48th payment due up front)
(2
–2,400.00
6WRUHVPRQWKO\
95,477.55
YDOXHRIPRQWKO\
Amortization
PER
180,000.00
6WRUHVIXWXUHYDOXH
–1,289.54
0 12
–1,579.82
$PRUWL]HWKHVHFRQG\HDU
–1,706.69
–13,767.79
176,713.49
'LVSOD\V35,1DQGWKH
25–
–220.21
–90.21
9,193.28
54–
Interest Rate Conversions
Investments With Different Compounding Periods
Compounding and Payment Periods Differ
Step 1. &DOFXODWHWKHHTXLYDOHQWUDWHZLWKPRQWKO\FRPSRXQGLQJ
SHULRGVSHU\HDU
Step 2. &DOFXODWHWKHIXWXUHYDOXH
6WRUHVSUHVHQWYDOXH
6WRUHVSD\PHQW
2,519.61
Cash Flow Calculations
How to Use the Cash Flow Application
11,765.29
Flows received
are positive
-2,000.00
Flows paid out
11,765.29
QRPLQDO\LHOG
0RQWKO\\LHOG
76 6: Cash Flow Calculations
NPV and IRR/YR: Discontinuing Cash Flows
Organizing Cash Flows
Entering Cash Flows
Viewing and Replacing Cash Flows
Calculating Net Present Value
I/YR = 15%
10,000
5,000
7,500
WKH,NH\
RFFXUUHQFHV
5,000.00
IORZ
FDOFXODWHWKHQHWSUHVHQWYDOXH
27,199.92
H[DPSOHRQSDJH
7KLVUHVXOWVKRZVWKDWLI\RXZDQWD\LHOGRISHU\HDU\RXVKRXOGSD\
NPV = 27,199.92
Calculating Internal Rate of Return
Automatic Storage of IRR/YR and NPV
Statistical Calculations
Clearing Statistical Data
Entering Statistical Data
One-VariableStatistics
Two-VariableStatistics and Weighted Mean
Correcting Statistical Data
Correcting One-VariableData
Correcting Two-VariableData
Summary of Statistical Calculations
Mean, Standard Deviations, and Summation Statistics
A
A
d)+
*T
'LVSOD\VΣ[ 'LVSOD\VQ
Linear Regression and Estimation
(QWHUWKH[\GDWDXVLQJWKHLQVWUXFWLRQVRQSDJH
(QWHUWKHNQRZQ[YDOXHRU\YDOXH
Week
Minutes of Advertising
Sales
0A
IRUFRQVHFXWLYHZHHNV
0A
*4
'LVSOD\VVORSH
Weighted Mean
Page
Additional Examples
Business Applications
Setting a Sales Price
Forecasting Based on History
Cost of Not Taking a Cash Discount
Loans and Mortgages
Simple Annual Interest
Continuous Compounding
Yield of a Discounted (or Premium) Mortgage
Step 1. &DOFXODWH3070DNHVXUH)9
( –100,000.00
6WRUHVRULJLQDODPRXQWRI
PRUWJDJH
DIWHU\HDUV
Annual Percentage Rate for a Loan With Fees
7KHORDQZLOOEH
–1,230.26
&DOFXODWHVSD\PHQW
156,800
6XEWUDFWVSRLQWV
&DOFXODWHV$35
Loan With a Partial (Odd) First Period
Automobile Loan
Canadian Mortgages
What if … TVM Calculations
–3,555.00
(QWHUVQHZSD\PHQW
IRUHYHU\WZRZHHNV
ELZHHNO\SD\PHQWV
WRSD\RIIORDQ
Savings
Saving for College Costs
DQQXDOUDWH
2 15,000.00
DQQXQFLDWRULVQRWGLVSOD\HG
6WRUHVDQQXDO
ZLWKGUDZDO
Gains That Go Untaxed Until Withdrawal
6HWWR%HJLQPRGH3UHVV*OLIBEGINDQQXQFLDWRULVQRWGLVSOD\HG
P
VWDUWZLWK
DQQXDOSD\PHQW
387,640.45
2"P
Value of a Taxable Retirement Account
Cash Flow Examples
Wrap-AroundMortgages
1
1 ²
CF0
–35,000.00
2(, CF1
Net Future Value
CF6
–29,203.14
YDOXH139
39
34,800.58
Assistance, Batteries, and Service
Answers to Common Questions
Environmental Limits
Power and Batteries
Low Power Annunciator
Battery Specifications
Installing Batteries
Accessing the battery compartment
LQFRUUHFWO\UHSODFHG
Warning 5HSODFHRQO\ZLWKWKHVDPHW\SHRIEDWWHU\RUZLWK
KD]DUGRXVFKHPLFDOV
,QVHUWWKHQHZEDWWHULHVPDNLQJVXUHWKDWWKHSRVLWLYHVLJQ
RQHDFKEDWWHU\LVIDFLQJRXWZDUG
Determining if the Calculator Requires Service
Limited One-YearWarranty
What Is Covered
What Is Not Covered
Consumer Transactions in the United Kingdom
If the Calculator Requires Service
Obtaining Service
Service Charge
Shipping Instructions
Warranty on Service
Service Agreements
Regulatory Information
End-userterms and conditions
HP 10B II Calculator
Warranty period: 12 months
HP warrants to you, the
Hewlett-Packard
For consumer transactions in Australia and New Zealand
Page
More About Calculations
IRR/YR Calculations
Possible Outcomes of Calculating IRR/YR
Halting and Restarting IRR/YR
Entering a Guess for IRR/YR
Effect of Using Σ– to Correct Data
Range of Numbers
Equations
Margin and Markup Calculations
Time Value of Money (TVM)
Amortization
Interest Rate Conversions
Cash-FlowCalculations
Statistics
Page
Messages
running
5XQQLQJ$FDOFXODWLRQLVLQSURFHVV
UFLO
8QGHUIORZ$QLQWHUPHGLDWHUHVXOWLQ790LVWRRVPDOOIRUWKH+3
138 C: Messages
Index
Special Keys
O
BEGIN ,
%X\RXWYDOXH
&DQDGLDQPRUWJDJHV
H[DPSOHV
*XDUDQWHH
*XHVVLQJ,55<5
,QLWLDOFDVKIORZ
0
INT
139
URXQGLQJ
VWRULQJ
2GGILUVWSD\PHQW
W
6KLIWNH\
6LJQFKDQJLQJ
6LPSOHLQWHUHVW 6ORSH 6TXDUHURRW 6TXDUHV 6WDQGDUGGHYLDWLRQ ,
SRSXODWLRQ VDPSOH
STAT ,