HP 10BII Financial Calculator ˇˆ˙

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HP 10BII Financial Calculator

Quick Reference Guide

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H[orange label]

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Turns calculator on. Displays shift annunciator (6+,)7). Discontinues shift. Erases last character. Clears display. Clears statistics memory. Clears all memory. Turns calculator off.

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Stores a constant operation. Stores a value in the M register (memory location). Recalls a value from the M register. Adds a value to the number stored in the M register. Stores a value in a numbered register. Recalls a value from a numbered register.

Multiply 17, 22, and 25 by 7, storing "? 7" as a constant operation.

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17@7K = 22= 25=

Stores "? 7". Multiplies 17 ? 7. Multiplies 22 ? 7. Multiplies 25 ? 7.

Store 519 in register 2, then recall it.

519H?2 C :2

Stores in register 2. Clears display. Recalls register 2.

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Enter any four of the five values and solve for the fifth. A negative sign in the display represents money paid out; money received is positive.

n L $ P M Hm H?

Number of payments. Interest per year. Present value. Payment. Future value. Begin or End mode. Number of payments per year mode

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b

Percent.

U Cost.

? Price.

{ Margin

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Markup

Add 15% to $17.50.

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17.50+ 15b=

Enters number. Adds 15%.

Find the margin if cost is $15.00 and selling price is $22.00.

15U 22? {

Enters cost. Enters price. Calculates margin.

If the cost is $20.00 and the markup is 33%, what is the selling price?

20U 33; ?

Enters cost. Enters markup. Calculates price.

If you borrow $14,000 (PV) for 360 months (N) at 10% interest (I/YR), what is the monthly repayment? Set to End mode. Press Hm if %(*,1 annunciator is displayed.

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12H? 360n 10L 14000 $ 0M P

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Sets payments per year. Enters payments. Enters interest per year. Enters present value.

Enters future value. Calculates payment if paid at end of period.

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It is not necessary to reenter TVM values for each example. Using the values from the previous page, how much can you borrow if you want a payment of $100.00?

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100FP $

?

Enters new payment amount. (Money paid out is negative.) Calculates amount you can borrow.

How much can you borrow at a 9.5% interest rate?

9.5L

Enters new interest rate.

$

Calculates new present

value for $100.00 payment

and 9.5% interest.

10L

Reenters original interest rate.

14000$

Reenters original present value.

P

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Calculates original

payment.

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After calculating a payment using Time Value of Money (TVM), enter the periods to amortize and press H!. Then press =to continually cycle through the interest, principal, and balance values (indicated by the 35,1, ,17, and %$/ annunciators respectively). Using the TVM example from the previous page, amortize a single payment and then a range of payments. Amortize the 20th payment of the loan.

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20N H!

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Enters period to amortize. Displays period to amortize. Displays principal. Displays interest. (Money paid out is negative.) Displays balance.

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Find the annual effective interest rate of 10% nominal interest compounded monthly.

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10H& 12H? Hx

Enters nominal rate. Enters payments per year. Calculates annual effective interest.

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