HP 10bII User manual

HP 10BII
Financial Calculator
Quick Reference Guide
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  
O Turns calculator on.
H[orange label]  Displays shift annunciator
().
H Discontinues shift.
123p  Erases last character.
C Clears display.
Hª  Clears statistics memory.
HD  Clears all memory.
Hu Turns calculator off.

Add 15% to $17.50.
Find the margin if cost is $15.00 and selling price is $22.00.
If the cost is $20.00 and the markup is 33%, what is the selling price?
bPercent. {Margin
UCost. ;Markup
£Price.
  
17.50+  Enters number.
15b=  Adds 15%.
15U  Enters cost.
22£  Enters price.
{ Calculates margin.
20U  Enters cost.
33;  Enters markup.
£ Calculates price.

Multiply 17, 22, and 25 by 7, storing “× 7” as a constant operation.
Store 519 in register 2, then recall it.
KStores 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.
H? Stores a value in a numbered register.
:Recalls a value from a numbered register.
  
17@7K  Stores “× 7”.
=  Multiplies 17 × 7.
22=  Multiplies 22 × 7.
25=  Multiplies 25 × 7.
519H?2  Stores in register 2.
C Clears display.
:2  Recalls register 2.
 !"
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.
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nNumber of payments.
LInterest per year.
$Present value.
PPayment.
MFuture value.
Hm Begin or End mode.
H¢ Number of payments per year mode
If you borrow $14,000 (PV) for 360 months (N) at 10% interest (I/YR),
what is the monthly repayment?
Set to End mode. Press Hm if #$%annunciator is displayed.
  
12H¢  Sets payments per year.
360n  Enters payments.
10L  Enters interest per year.
14000
$ Enters present value.
0M  Enters future value.
P 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?
How much can you borrow at a 9.5% interest rate?
  
100FP  Enters new payment
amount. (Money paid out is
negative.)
$ Calculates amount you can
borrow.
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 Calculates original
payment.
*+
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 ,%,%, 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.

  
20N  Enters period to amortize.
H!  Displays period to
amortize.
= Displays principal.
= Displays interest. (Money
paid out is negative.)
= Displays balance.

Amortize the 1st through 12th loan payments.
,.
To convert between nominal and effective interest rates, enter the
known rate and the number of periods per year, then solve for the
unknown rate.
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1N12  Enters range of periods to amortize.
H!  Displays range of payments.
= Displays principal.
= Displays interest.
= Displays balance.
H& Nominal interest percent.
Hx Effective interest percent.
H¢ Periods per year.

Find the annual effective interest rate of 10% nominal interest
compounded monthly.
,,/0,1%

  
10H&  Enters nominal rate.
12H¢  Enters payments per year.
Hx  Calculates annual effective interest.
H¢ Number of periods per year (default is 12).
JCash flows, up to 15 ( jis the cash flow number).
Ha Number of consecutive times cash flow joccurs.
HW Internal rate of return per year.
Hl Net present value.

If you have an initial cash outflow of $40,000, followed by monthly
cash inflows of $4,700, $7,000, $7,000, and $23,000, what is the IRR/
YR? What is the IRR per month?
What is the NPV if the discount rate is 10%?
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HD  Clears all memory.
12H¢  Sets payments per year.
40000FJ  Enters initial outflow.
4700J  Enters first cash flow.
7000J  Enters second cash flow.
2Ha  Enters number of consecu-
tive times cash flow occurs.
23000J  Enters third cash flow.
HW  Calculates IRR/YR.
¤12=  Calculates IRR per month.
10L  Enters I/YR.
Hl  Calculates NPV.


Hª Clear statistical registers.
number _Enter one-variable statistical data.
number H^ Delete one-variable statistical data.
number1 Nnumber2 _Enter two-variable statistical data.
number1 Nnumber2
H^ Delete two-variable statistical data.
HBH© Means of xand y.
Hc Mean of xweighted by y.
HXH© Sample standard deviations of xand
y.
HkH© Population standard deviations of x
and y.
y-value HQH© Estimate of xand correlation
coefficient.
x-value HR Estimate of y.
0HRH© y-intercept and slope.
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