HP 10BII Financial Calculator

Product Information

This is one of the newer Hewlett Packard models and is widely used in business schools as well as in the finance industry. 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). Atmel is conducting additional review of the discontinuance notice and will reissue notice upon completion of the review" (PDF).

Early production runs were of poor quality; newer calculators have apparently solved this shortcoming. One of the most common problems people make when using a financial calculator is inputting inconsistent time value of money components. 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. 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.To solve for the number of periods, let’s take another variation of the present value problem above. For instance, the keyboard layout is different, with two separate shift keys, and the available numbered-storage registers is reduced from 15 to 10. 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. When solving for time value of money problems it’s critical that the frequency of the N, I, and PMT components match. Special thanks to our interns, Brian LaBarbera and Greg Rucker for helping us to create this great app for you!

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.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. 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. 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. All of the other fancy-looking keys might make things confusing at first, but these math functions should make you feel right at home.

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.The 10bii Financial Calculator is powerful enough for the professional but accessible enough for everyone. The white letters are the primary functions, while the gold and purple letters indicate alternative functions for the same key. This is particularly useful when you are calculating multiple figures that then later need to be used in a final calculation. 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.