HP 10BII Financial Calculator

Product Information

This is particularly useful when you are calculating multiple figures that then later need to be used in a final calculation. 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. The 10bii Financial Calculator is truly powerful enough for the professional but accessible enough for everyone.

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. After a quick check it appears that the number of periods and the rate are actually expressed in different compounding periods, which of course presents a conflict. Modeled after the extremely popular HP 10bII Financial Calculator, the 10bii Financial Calculator app combines precise mathematics, intuitive display, and ease-of-use in one compact package.Calculate Time Value of Money (Length of Term, Present Value, Nominal Interest, Loan Payments, Future Value) and see the cash flow diagram produced for you via the Graph TVM key. The time value of money keys are located along the top of the calculator and correspond to the 5 components of all time value of money problems (N, I, PV, PMT, and FV). There are many features of the HP 10BII that we did not cover in this article, but the elements we discussed will give you a solid foundation. Below we’ll go over how to use each of the 5 keys individually and also go over some practice problems. All you have to do is use the ON Button to turn it on or the Gold Key first then the ON button to turn it off.

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. 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. Before diving into how to use a financial calculator, you must first master the time value of money. To solve for the number of periods, let’s take another variation of the present value problem above.For a more in depth look at the logic and intuition behind the time value of money, check out What You Should Know About The Time Value of Money. 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. A common task when using a financial calculator, especially when working with the time value of money functions, is changing the sign of a number.

Probably one of the most handy tools to run a quick analysis from my phone reverse engineering a mortgage if I am missing a piece of data. 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+. The part number and physical appearance of model 2 didn't change except for a "Rev 2" plate on the bottom side.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. Early production runs were of poor quality; newer calculators have apparently solved this shortcoming. 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. Special thanks to our interns, Brian LaBarbera and Greg Rucker for helping us to create this great app for you!

The HP 10BII financial calculator has a built in settings for payments per year that attempts to auto-adjust the interest rate based on how many periods there are in a year. By expanding on HP's traditional presentation, the 10bii Financial Calculator allows quick and intuitive building and visualization of TVM (Time Value of Money) calculations and Uneven Cash Flow scenarios and lets you type in whole equations for easy review and one-touch evaluation. This is a straightforward process on the HP 10BII but it does involve a lot of steps that can be cumbersome and sometimes annoying.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. HP also produces the HP 10BII+ which includes some minor improvements and some more advanced functionality such as probability distribution calculations. To solve this problem simply identify the 4 known components and then use the HP 10BII financial calculator to find the 5th unknown component. Well, now that we know 4 out of the 5 components we can simply plug them in and solve for N, which is 10 years.