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HP 10BII Financial Calculator

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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. The second in 2007, branded as "10bII", had a silver bezel and blue statistical shift button and key labels.

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. 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.If you’re just getting started, the first choice you’ll need to make is which financial calculator to actually use. This is one of the newer and most popular Texas Instrument financial calculators and is also widely used in business schools and the finance industry. It’s not used much in business schools today but it’s still has a strong following among seasoned veterans. As an aside, both the HP 10BII and the TI BA2 Plus have excellent emulator apps for iOS and Android devices. Time value of money is the economic principle that a dollar received today has greater value than a dollar received in the future.

All of the other fancy-looking keys might make things confusing at first, but these math functions should make you feel right at home. 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. So, assuming you have your financial calculator set to 1 payment per year and you’ve cleared all registers, let’s go through some example problems to demonstrate how to use the time value of money functions on the HP 10BII financial calculator.Below we’ll go over how to use each of the 5 keys individually and also go over some practice problems.

HP also produces the HP 10BII+ which includes some minor improvements and some more advanced functionality such as probability distribution calculations. When solving for time value of money problems it’s critical that the frequency of the N, I, and PMT components match. 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.Several additional scientific functions were also added, such as trigonometric and hyperbolic functions, their inverses, and several additional statistical regression models. To solve for the interest rate, let’s take a look at a variation on the present value problem above. In this article we’ll solve all of these problems by taking a deep dive into how to use a financial calculator. 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). So, before learning how to use a financial calculator, it’s critical to first master the logic and intuition behind the time value of money.

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