HP 10BII Financial Calculator

Product Information

Before diving into how to use a financial calculator, you must first master the time value of money. The white letters are the primary functions, while the gold and purple letters indicate alternative functions for the same key. However, the layout and the core calculations for math and the time value of money are the same and everything covered in this article will also apply to the HP 10BII+. It is an ideal tool for teaching the power of compounding interest, analyzing potential deals or business ventures, or just doing math problems, and sharing the results of your work with others. It’s also common for people to get stuck with basic but confusing settings such as the payments per year setting.

The clear all function will immediately clear out all of your prior work so you can start a new problem with a clean slate. Several additional scientific functions were also added, such as trigonometric and hyperbolic functions, their inverses, and several additional statistical regression models. Modeled after the extremely popular 10bII Financial Calculator by Hewlett Packard, the 10bii Financial Calculator combines precise mathematics, intuitive display, and ease-of-use in one compact package. If you look closely at the other keys on the financial calculator you’ll notice that they have white letters, gold letters, and purple letters.Below we’ll go over how to use each of the 5 keys individually and also go over some practice problems. The 10bii Financial Calculator's keypad has been specially designed to be easy to use and easy to see. For instance, the keyboard layout is different, with two separate shift keys, and the available numbered-storage registers is reduced from 15 to 10. So, now we know 4 out of the 5 time value of money components and we can easily solve for the 5th unknown interest rate component, which turns out to be 6. The 10bii Financial Calculator is a versatile and powerful financial calculator which features more than 105 different functions for financial analysis, business, statistics, and general mathematics.

Atmel is conducting additional review of the discontinuance notice and will reissue notice upon completion of the review" (PDF). Whether you are a seasoned investor or you just have questions about paying off your credit card, refinancing your home, or planning your 401(k) contributions, the 10bii Financial Calculator has the answers to YOUR financial questions! But first, lets discuss how to avoid a common mistake people make when using a financial calculator.In a survey of the PropertyMetrics audience the HP 10BII was the most popular financial calculator used, so for the purposes of this article we’ll be focusing on the HP 10BII. It allows you to easily calculate loan payments, interest rates, amortization, time value of money, investment value, and more using a combination of powerful and intuitive equation-writing functionality and helpful worksheets. To solve for the number of periods, let’s take another variation of the present value problem above.

Now that we have a good understanding of how the HP 10BII financial calculator is organized and we’ve also gone over some regularly used functionality, let’s dive into the time value of money. Now that we have a general feel for how the financial calculator is organized, let’s go over some frequently used functions and useful settings you should understand. As you work through different problems on your financial calculator, one of the easiest ways to make a mistake is to not clear out your existing work from other problems. Time value of money is the economic principle that a dollar received today has greater value than a dollar received in the future. As an aside, both the HP 10BII and the TI BA2 Plus have excellent emulator apps for iOS and Android devices.Two versions of the 10B were produced, the first version came with orange lettering around the keys and used an 1LU7 HP Saturn processor, the later model (in 2000) with teal-green labels.

It’s not used much in business schools today but it’s still has a strong following among seasoned veterans.Notice the gold text on the ON button, which indicates this is a secondary function for the same button that needs to be preceded by the Gold key. However, this does not auto-adjust the N and PMT components (you still have to do this manually), which makes this function cause more problems than it’s worth. just calculate the natural log of your number, and then divide it by the natural log of the new base. When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings.