HP 10BII Financial Calculator

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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. This is one of the newer Hewlett Packard models and is widely used in business schools as well as in the finance industry. 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 2011, the 10bII was replaced by the HP 10bII+ (NW239AA) model 1 (codenamed "Bluestar" [3]) with expanded capabilities.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 clear all function will immediately clear out all of your prior work so you can start a new problem with a clean slate. Before diving into how to use a financial calculator, you must first master the time value of money. In finance and commercial real estate it’s simply expected that you know how to use a financial calculator.

We’ll discuss everything you need to know about getting started, we’ll cover some routine calculations, and we’ll also tackle some common mistakes and misconceptions. Early production runs were of poor quality; newer calculators have apparently solved this shortcoming. To solve this problem simply identify the 4 known components and then use the HP 10BII financial calculator to find the 5th unknown component. 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.All of the other fancy-looking keys might make things confusing at first, but these math functions should make you feel right at home. 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+. Usually the people wielding this small machine have been running financial calculations longer than most of us young(er) professionals have been alive.