HP 10BII Financial Calculator

Product Information

The clear all function will immediately clear out all of your prior work so you can start a new problem with a clean slate. 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. It’s not used much in business schools today but it’s still has a strong following among seasoned veterans.

This is a straightforward process on the HP 10BII but it does involve a lot of steps that can be cumbersome and sometimes annoying. The white letters are the primary functions, while the gold and purple letters indicate alternative functions for the same key. 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. Special thanks to our interns, Brian LaBarbera and Greg Rucker for helping us to create this great app for you! In this article we’ll solve all of these problems by taking a deep dive into how to use a financial calculator.One of the most common problems people make when using a financial calculator is inputting inconsistent time value of money components. Before diving into how to use a financial calculator, you must first master the time value of money. Usually the people wielding this small machine have been running financial calculations longer than most of us young(er) professionals have been alive.

The second in 2007, branded as "10bII", had a silver bezel and blue statistical shift button and key labels. For instance, the keyboard layout is different, with two separate shift keys, and the available numbered-storage registers is reduced from 15 to 10.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. 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. Yet, it’s surprising how many commercial real estate and finance professionals still don’t know how to properly use a financial calculator. 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. 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.

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.In 2015, the internal hardware of the HP 10bII+ changed to use an Atmel ATSAM4LC2CA processor with ARM Cortex-M4 core. You can use any of these alternate functions at any time by simply pressing the appropriate shift key (gold key for example) and then pressing the function key with the gold label that you want to use. 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.

just calculate the natural log of your number, and then divide it by the natural log of the new base. Assuming you’re comfortable with the concepts of the time value of money (in particular the 5 components of all time value of money problems), the time value of money keys on the 10BII are very intuitive to use. These financial calculators are not widely used in finance and commercial real estate and therefore are not recommended. As an aside, both the HP 10BII and the TI BA2 Plus have excellent emulator apps for iOS and Android devices. 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).Assuming you’re comfortable with the time value of money, let’s next get familiar with the layout of the HP 10BII financial calculator. But first, lets discuss how to avoid a common mistake people make when using a financial calculator. 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! You can set the payments per year setting to 1 by simply pressing the 1 key, then the gold key, and finally the PMT key.