Hp 10bii User manual

HP

10BII

Business

Calculator

Owner’s

Manual

UJ

packar

Notice

For

warranty,

terms

and

conditions,

and

regulatory

information

for

this

calculator,

see

pages

122

to

127.

This

manual

and

any

examples

contained

herein

are

provided

as-is

and

are

subject

to

change

without

notice.

Hewlett-Packard

Company

makes

no

warranty

of

any

kind with

regard

to

this

manual,

including,

but

not

limited

to,

the

implied

warranties

of

merchantability

and

fitness

for

a

particular

purpose.

Hewlett-

Packard

Company

shall

not

be

liable

for

any

errors

or

for

incidental

or

consequential

damages

in

connection

with

the

furnishing,

performance,

or

use

of

this

manual

or

the

keystroke

programs

contained

hercin.

©

Hewlett-Packard

Company

2000.

All

rights

reserved.

Reproduction,

adaptation,

or

translation

of

this

manual

is

prohibited

without

prior

written

permission

of

Hewlett-Packard

Company,

except

as

allowed

under

copyright

laws.

‘The

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control

your

calculator

are

copyrighted

and

all

rights

are

reserved.

Reproduction,

adaptation,

or

translation

of

those

programs

without

prior

written

permission

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Hewlett-Packard

Company

is

also

prohibited.

Australian

Calculator

Operation

351

Burwood

Highway

Forest

Hill,

Victoria,

3131,

Australia

Welcome

to

the

HP

10Bil

Your

HP

10BII

reflects

the

superior

quality

and

attention

to

detail

in

engineering

and

manufacturing

that

have

distinguished

Hewlett-Packard

products

for

60

years.

Hewlett-Packard

stands

behind

this

calculator—we

offer

expertise

to

support

its

use

(see

inside

the

back

cover)

and

worldwide

service.

Hewlett-Packard

Quality

Our

calculators

are

made

to

excel

and

to

be

easy

to

use.

This

calculator

is

designed

to

withstand

the

drops,

vibrations,

pollutants

(smog,

ozone),

temperature

extremes,

and

humidity

variations

that

it

may

encounter

in

everyday

work

life.

"The

calculator

and

its

manual

have

been

designed

and

tested

for

ease

of

use.

We

added

many

examples

to

highlight

the

varied

uses

of

the

calculator.

Low-power

electronics

and

an

advanced

power

management

system

gives

extended

battery

life.

The

microprocessor

has

been

optimized

for

fast

and

reliable

computations

using

15

digits

internally

for

precise

results.

Extensive

research

has

created

a

design

that

has

minimized

the

adverse

effects

of

static

electricity,

a

potential

cause

of

malfunctions

and

data

loss

in

calculators.

Welcome

to

the

НР

1081

3

Features

The

features

of

the

HP

10BII

and

the

manual

reflect

the

needs

and

wishes

of

many

customers:

=

A

large

12-character

display.

=

An

At-a-Glance

section

in

the

manual

for

quick

reference.

=

Applications

to

solve

business

and

financial

tasks:

*

Time

Value

of

Money.

Loans,

savings,

leases,

and

amortization

schedules.

*

Interest

Conversion.

Nominal

and

effective

rates.

*

Cash

Flows.

Net

present

value

and

internal

rate

of

return.

*

Business

Percentages.

Percent

change,

markup,

and

margin

calculations.

*

Statistics.

Mean,

standard

deviation,

correlation

coefficient,

and

linear

regression

forecasting,

plus

other

statistical

calculations.

=

Enough

memory

to

store

an

initial

cash

flow

and

14

cash

flow

groups,

with

up

to

99

cash

flows

per

group.

Ten

numbered

storage

registers.

Easy

access

to

functions

saves

keystrokes

and

adds

convenience.

*

Auto-increment

capability

for

amortization

schedules.

*

Labels

for

amortization

and

cash

flows.

*

Automatic

constant.

•

3-key

memory.

m

Many

examples

are

included

in

the

manual

so

you

can

combine

them

for

your

specific

needs.

4

Welcome

to

the

HP

1081

Contents

1i

Ata

Glance...

11

Basics—At

a

Glance...

12

Percentages—At

a

Glance...

13

Memory

Keys—At

a

Glance...

14

Time

Value

of

Money

(TVM)—At

a

Glance...

15

ТУМ

What

if...—At

a

Glance...

16

=

Amorüzation—At

a

Glance...

17

Interest

Rate

Conversion—At

a

Glance...

18

IRR/YR

and

NPV—Ata

Glance...

19

Statistics-—At

a

Glance...

21

Keyboard

Map

1

23

Getting

Started

23

Power

On

and

Off

23

Adjusting

the

Display

Contrast

23

Simple

Arithmetic

Calculations

25

Understanding

the

Display

and

Keyboard

25

Cursor

25

Clearing

the

Calculator

25

Clearing

Memory

26

Annunciators

27

Shift

Key

27

Statistics

Key

28

INPUT

Key

28

SWAP

Key

28

Math

Functions

29

Display

Format

of

Numbers

30

Specifying

Displayed

Decimal

Places

30

Scientific

Notation

31

Displaying

the

Full

Precision

of

Numbers

31

Interchanging

the

Period

and

Comma

32

Rounding

Numbers

32

Messages

Contents

5

Business

Percentages

33

Percent

Key

33

Finding

a

Percent

34

Adding

or

Subtracting

a

Percent

34

Percent

Change

35

Margin

and

Markup

Calculations

35

Margin

Calculations

35

Markup

on

Cost

Calculations

36

Using

Margin

and

Markup

Together

3

37

Number

Storage

and

Arithmetic

37

Using

Stored

Numbers

in

Calculations

37

Using

Constants

39

Using

the

M

Register

40

Using

Numbered

Registers

41

Doing

Arithmetic

Inside

Registers

42

Doing

Arithmetic

43

Power

Operator

43

Using

Parentheses

in

Calculations

4

45

Picturing

Financial

Problems

45

How

to

approach

a

Financial

Problem

46

Signs

of

Cash

Flows

47

Periods

and

Cash

Flows

47

Simple

and

Compound

Interest

47

Simple

Interest

48

Compound

Interest

49

Interest

Rates

49

Two

Types

of

Financial

Problems

49

Recognizing

a

TVM

Problem

51

Recognizing

a

Cash

Flow

Problem

6

Contents

53

Time

Value

of

Money

Calculations

53

Using

the

ТУМ

Application

54

Clearing

TVM

55

Begin

and

End

Modes

55

Loan

Calculations

60

Savings

Calculations

63

Lease

Calculations

67

Amortization

72

Interest

Rate

Conversions

72

Investments

With

Different

Compounding

Periods

73

Compounding

and

Payment

Periods

Differ

75

Cash

Flow

Calculations

75

Ном

to

Use

the

Cash

Flow

Application

77

NPV

and

IRR/YR:

Discontinuing

Cash

Flows

77

Organizing

Cash

Flows

78

Entering

Cash

Flows

79

Viewing

and

Replacing

Cash

Flows

80

Calculating

Net

Present

Value

83

Calculating

Internal

Rate

of

Return

84

Automatic

Storage

of

IRR/YR

and

NPV

85

Statistical

Calculations

85

Clearing

Statistical

Data

86

Entering

Statistical

Data

86

One-Variable

Statistics

86

Two-Variable

Statistics

and

Weighted

Mean

87

Correcting

Statistical

Data

87

Correcting

One-Variable

Data

87

Correcting

Two-Variable

Data

87

Summary

of

Statistical

Calculations

88

Mean,

Standard

Deviations,

and

Summation

Statistics

90

Linear

Regression

and

Estimation

93

Weighted

Mean

Contents

7

Additional

Examples

95

Business

Applications

95

Setting

a

Sales

Price

96

Forecasting

Based

on

History

97

Cost

of

Not

Taking

a

Cash

Discount

98

Loans

and

Mortgages

98

Simple

Annual

Interest

98

Continuous

Compounding

99

Yield

of

a

Discounted

(or

Premium)

Mortgage

101

Annual

Percentage

Rate

for

a

Loan

With

Fees

103

Loan

With

a

Partial

(Odd)

First

Period

104

Automobile

Loan

105

Canadian

Mortgages

106

Whatif...

ТУМ

Calculations

108

Savings

108

Saving

for

College

Costs

110

Gains

That

Go

Untaxed

Until

Withdrawal

112

Value

of

a

Taxable

Retirement

Account

113

Cash

Flow

Examples

113

Wrap-Around

Mortgages

115

Net

Future

Value

A

117

Assistance,

Batterles,

and

Service

117

Answers

to

Common

Questions

118

Environmental

Limits

119

Power

and

Batteries

119

Іоу

Power

Annunciator

119

Battery

Specifications

119

Installing

Batteries

121

Determining

if

the

Calculator

Requires

Service

122

Limited

One-Year

Warranty

122

What

Is

Covered

122

What

Is

Not

Covered

123

Consumer

Transactions

in

the

United

Kingdom

8

Contents

123

If

the

Calculator

Requires

Service

123

Obtaining

Service

124

Service

Charge

124

Shipping

Instructions

124

Warranty

on

Service

125

Service

Agreements

125

Regulatory

Information

126

End-user

terms

and

conditions

129

More

About

Calculations

129

IRR/YR

Calculations

129

Possible

Outcomes

of

Calculating

IRR/YR

130

Halting

and

Restarting

IRR/YR

130

Entering

a

Guess

for

IRR/YR

131

Effect

of

Using

Z-

to

Correct

Data

131

Range

of

Numbers

132

Equations

132

Margin

and

Markup

Calculations

132

Time

Value

of

Money

(ТУМ)

132

Amortization

133

Interest

Rate

Conversions

134

Cash-Flow

Calculations

135

Statistics

137

Messages

139

Index

Contents

9

Page

10

is

blank

At

a

Glance...

This

section

is

designed

for

you

if

you're

already

familiar

with

calculator

operation

or

financial

concepts.

You

can

use

it

for

quick

reference.

The

rest

of

the

manual

is

filled

with

explanations

and

examples

of

the

concepts

presented

in

this

section.

Basics—At

a

Glance...

Keys:

Display:

Description:

@

0.00

Turns

calculator

on.

Clorange

label]

0.00

Displays

shift

annunciator

(SHIFT).

eo

0.00

Discontinues

shift.

@@@@

12_

Erases

last

character.

0.00

Clears

display.

[аа

сты]

0.00

Clears

statistics

memory.

=

77)

0.00

Clears

all

memory.

Әб

Turns

calculator

off.

AtaGlance..

11

Percentages—At

a

Glance...

Percent.

Cost.

Price.

Margin.

Markup.

Add

15%

to

$17.50.

Keys:

Display:

Description:

000909

17.50

Enters

number.

CX

20.13

Adds

15%.

Find

the

margin

if

the

cost

is

$15.00

and

selling

price

is

$22.00..

COGO

GSP

15.00

Enters

cost.

ООо

22.00

Enters

price.

31.82

Calculates

margin.

If

the

cost

is

$20.00

and

the

markup

is

33%,

what

is

the

selling

price?

@@@

20.00

Enters

cost.

aow

33.00

Enters

markup.

(RO

26.60

Calculates

price.

12

AtaGlance...

Memory

Keys—At

a

Glance...

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

“X

7”

as

a

constant

operation.

Keys:

Display:

Description:

ОФФО

7.00

Stores

“Х

7”

asa

constant

operation.

G

119.00

Multiplies

17

X

7.

ооо

154.00

Multiplies

22

x

7.

еее]

175.00

Multiplies

25

х

7.

Store

519

іа

register

2,

then

recall

it.

Cocona

519.00

Stores

in

register

2.

©

0.00

Clears

display.

519.00

Recalls

register

2.

Ata

Glance..

13

Time

Value

of

Money

(TVM)—At

a

Glance...

Number

of

payments.

Interest

per

year.

Present

value.

Payment.

Future

value.

Begin

or

End

mode.

Number

of

payments

per

year

mode.

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.

If

you

borrow

$14,000

(PV)

for

360

months

(N)

at

10%

interest

(I/

YR),

Set

to

End

mode.

Press

QE

if

BEGIN

annunciator

is

displayed.

what

is

the

monthly

repayment?

Keys:

Display:

Фое

12.00

@@(@%

360.00

@@@®

10.00

OQ@OO00M

14,000.00

OM

0.00

END

—122.86

14

Ata

Glance...

Description:

Sets

payments

per

year.

Enters

number

of

payments.

Enters

interest

per

year.

Enters

present

value.

Enters

future

value.

Calculates

payment

if

paid

at

end

of

period.

TVM

What

...—At

a

Glance...

Display:

—100.00

11,395.08

It

is

not

necessary

to

reenter

ТУМ

values

for

each

example.

Using

the

values

you

just

entered

(page

14),

how

much

can

you

borrow

if

you

want

a

payment

of

$100.00?

Description:

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?

@0Oaa

@

@@@®

@)@@@@@?

€

9.50

11,892.67

10.00

14,000.00

—122.86

Enters

new

interest

rate.

Calculates

new

present

value

for

$100.00

payment

and

9.5%

interest.

Reenters

original

interest

rate.

Reenters

original

present

valuc.

Calculates

original

payment.

AtaGlance..

15

Amortization—At

a

Glance...

LI]

After

calculating

a

payment

using

Time

Value

of

Money

шоо!

(ГУМ),

enter

the

periods

to

amortize

and

press

QE).

590905)

Then

press

(=)го

continually

cycle

through

the

principal,

|OOCCOO|

interest,

and

balance

values

(indicated

by

the

PRIN,

INT,

55588)

and

BAL

annunciators

respectively).

cose)

Using

the

example

(page

14),

amortize

a

single

payment

and

then

a

range

of

payments.

Amortize

the

20"

payment

of

the

loan.

Keys:

Display:

Description:

QOS)

20.00

Enters

period

to

amortize.

Qe)

20-20

Displays

period

to

amortize.

G

-7.25

Displays

principal.

е

—115.61

Displays

interest.

(Money

paid

out

is

negative.)

©

13,865.83

Displays

balance.

Amortize

the

1°“

through

12"

loan

payments.

06200

12_

Enters

range

of

periods

to

amortize.

Qe

1-12

Displays

range

of

periods

(payments).

©

-77.82

Displays

principal.

©

—1,396.50

Displays

interest.

(Money

paid

out

is

negative.)

©

13,922.18

Displays

balance.

16

Ata

Glance...

Interest

Rate

Conversion—At

a

Glance...

оез

Nominal

interest

percent.

Qes

Effective

interest

percent.

Periods

per

year.

То

convert

between

nominal

and

effective

interest

rates,

enter

the

known

rate

and

the

number

of

periods

per

year,

then

solve

for

the

unknown

rate.

Find

the

annual

effective

interest

rate

of

10%

nominal

interest

compounded

monthly.

Keys:

Display:

CO

Dor)

10.00

@@ыЫ@®

12.00

ев

10.47

Description:

Enters

nominal

rate.

Enters

payments

per

year.

Calculates

annual

effective

interest.

Ata

Glance...

17

IRR/YR

and

NPV—At

a

Glance...

Number

of

periods

per

year

(default

is

12).

Cash

flows,

up

to

15

(^j"

identifies

the

cash flow

number).

Number

of

consecutive

times

cash

flow

“j”

occurs.

Internal

rate

of

return

per

year.

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?

Keys:

Display:

Description:

Qe

0.00

Clears

all

memory.

Фое

12.00

Sets

payments

per

year.

@OOODBHA

-40,000.00

Enters

initial

outflow.

(00000006)

4,700.00

Enters

first

cash

flow.

0000@

7,000.00

Enters

second

cash

flow.

GOV

2.00

Enters

number

of

consec-

utive

times

cash

flow

occurs.

@@@@@@

23,000.00

Enters

third

cash

flow.

om

15.96

Calculates

IRR/YR.

(eS

1.33

Calculates

IRR

per

month.

What

is

the

NPV

if

the

discount

rate

is

10%?

COGO

10.00

Enters

I/

YR.

Qe

622.85

Calculates

NPV.

18

Ata

Glance...

Statistics—At

a

Glance...

Clear

statistical

registers.

number

Œ

Enter

one-variable

statistical

data.

number

OE)

Delete

one-variable

statistical

data.

number?

663)

number2

Œ

Enter

two-variable

statistical

data.

number!

бл)

number2

QE)

—

Delete

two-variable

statistical

data.

овес

Means

of

x

and

у

OB

Mean

of

x

weighted

by

у

Qv

Sample

standard

deviations

of

x

and

у.

севә

Population

standard

deviations

of

х

and

у

value

Estimate

of

x

and

correlation

coefficient.

x-value

Cai)

Estimate

of

x

(Dev)

intercept

and

slope.

Using

the

following

data,

find

the

means

of

x

and

у,

the

sample

standard

deviations

of

x

and

у,

and

the

y-intercept

and

the

slope

of

the

linear

regression

forecast

line.

Then,

use

summation

statistics

to

find

»

and

Ex.

N

x

data

4

|

6

y-data

50

90

160

Ata

Glance...

19

Keys:

ес

290%

20609069

©6000

eo

20

Ata

Glance...

Display:

0.00

1.00

2.00

3.00

4.00

100.00

27.50

3.00

1,420.00

Description:

Clears

statistics

registers.

Enters

first

x,y

pair.

Enters

second

x,y

pair.

Enters

third

x,y

pair.

Displays

mean

of

x.

Displays

mean

of

y.

Displays

sample

stan-

dard

deviation

of

x.

Displays

sample

stan-

dard

deviation

of

у

Displays

y-intercept

of

regression

line

(pre-

dicted

y

value

for

x

=

0).

Displays

slope

of

regression

line.

Displays

л,

number

of

data

points

entered.

Displays

xy,

sum

of

the

products

of

x-

and

J-values.

HP 10bII User manual

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