hp 10BII financial calculator

users guide

Edition 1 HP part number F1902-90001
: title_English-050105.doc

: 1/2

Notice
REGISTER YOUR PRODUCT AT: www.register.hp.com 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, NON-INFRINGEMENT AND FITNESS FOR A PARTICULAR PURPOSE. HEWLETT-PACKARD CO. 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 EXAMPLES CONTAINED HEREIN.
Copyright 1988, 1989, 2001, 2004 Hewlett-Packard Development Company, L.P. Reproduction, adaptation, or translation of this manual is prohibited without prior written permission of Hewlett-Packard Company, except as allowed under the copyright laws.
Hewlett-Packard Company 4995 Murphy Canyon Rd, Suite 301 San Diego,CA 92123

Printing History

Edition 1 May 2003
: 10BII_English(MP02-2)-040917(Print) : 2/2
10B.book Page 3 Wednesday, June 21, 2000 5:19 PM

Welcome to the HP 10BII

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Hewlett-Packard Quality

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10B.book Page 4 Wednesday, June 21, 2000 5:19 PM

Features

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12_ 77.82 1,396.50

H B 1 H B 1

20.20 7.25 115.61

13,865.83
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13,922.18

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at_a_glance.fm Page 17 Sunday, June 25, 2000 2:21 PM
Interest Rate ConversionAt a Glance
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B B B B B B

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10.00 12.00 10.47

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at_a_glance.fm Page 18 Sunday, June 25, 2000 2:21 PM
IRR/YR and NPVAt a Glance

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B8B "@D "%D %D Bg !D BW 1 d F Bx
0.00 12.00 40,000.00 4,700.00 7,000.00 2.00

23,000.00 15.96 1.33

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10.00 622.85

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fm Page 19 Sunday, June 25, 2000 2:21 PM

StatisticsAt a Glance

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at_a_glance.fm Page 20 Sunday, June 25, 2000 2:21 PM
Bj H#e "H'e $H$e B6 Bi BX Bi BR Bi A" A'
0.00 1.00 2.00 3.00 4.00 100.00 2.00
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1,420.00

fm Page 21 Sunday, June 25, 2000 2:21 PM

Keyboard Map

Time value of money (page 53) Separate two numbers (page 28) Percent (page 33) Constant (page 37) Store and recall (page 40) Change sign (page 24) Statistics key (page 27) Shift key (page 27) Clear display, cancel operation (page 25) 10. Clear all memory (page 25) 11. On (page 87) 12. Statistical functions (page 87)
1. 2. 3. 4. 5. 6. 7. 8. 9.
13. n through xy: statistical summation registers (page 88) 14. 3-key memory (page 39) 15. Backspace (page 25) 16. Accumulate statistical data (page 86) 17. Cash flows (page 75) 18. Business functions: margin, markup, cost, price (page 35) 19. Interest conversion (page 72) 20. Amortization (page 67) 21. Annunciator lines (page 26)
fm Page 22 Sunday, June 25, 2000 2:21 PM
10B.book Page 23 Wednesday, June 21, 2000 5:19 PM

Getting Started

Power On and Off
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Adjusting the Display Contrast
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Simple Arithmetic Calculations

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Simple Interest

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10B.book Page 48 Wednesday, June 21, 2000 5:19 PM

Compound Interest

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1,005.00

1,010.03

1,015.1,020.1,025.26 3

-1,000.00

-1,005.00

-1,010.03

-1,015.08

-1,020.16
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10B.book Page 49 Wednesday, June 21, 2000 5:19 PM

Interest Rates

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5: Time Value of Money Calculations
.book Page 54 Wednesday, June 21, 2000 5:19 PM
F P G B P B By B (B ( (F ( (P (G (B

Key Stores or Calculates

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Clearing TVM

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Page 55 Wednesday, June 21, 2000 5:19 PM

Begin and End Modes

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4,572.80

297,640.27
Yield of a Discounted (or Premium) Mortgage
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8: Additional Examples 99
10B.book Page 100 Wednesday, June 21, 2000 5:19 PM
Example. $Q LQYHVWRU ZLVKHV WR SXUFKDVH D PRUWJDJH WDNHQ
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12.00 9.00 240.00

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B 'F B @ G P

100,000.00 0.00 899.73
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Step 2. (QWHU WKH QHZ YDOXH IRU 1 LQGLFDWLQJ ZKHQ WKH EDOORRQ RFFXUV WKHQ ILQG )9 WKH DPRXQW RI WKH EDOORRQ

899.73

60.00 88,706.74
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100 8: Additional Examples
10B.book Page 101 Wednesday, June 21, 2000 5:19 PM
Step 3. (QWHU DFWXDO FXUUHQW YDOXHV IRU 1 DQG 39 WKHQ ILQG WKH QHZ
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(" %'@ F

18.00 79,000.00 20.72
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Annual Percentage Rate for a Loan With Fees
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Example: APR for a Loan With Fees. $ ERUURZHU LV FKDUJHG WZR
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12.00 8.50 360.00

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B &#F !B $

160,000.00
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8: Additional Examples 101
.book Page 102 Wednesday, June 21, 2000 5:19 PM

G P ( F

1,230.26 160,000.00 156,800 8.72
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Example: Interest-Only Loan With Fee. $ \HDU
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12.00 12.00 120.00

B F B @G
1,000,000.00 1,000,000.00

P ( ! F

10,000.00 1,000,000.00 970,000.00 12.53
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Loan With a Partial (Odd) First Period
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$15,000 I/YR = 9%

Year 1

Year 2

Year 3

Year 4

'B B B
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I/YR = 9% 1 PMT = ? 4

FV from previous calculation. 144
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1.00 35.00 8.18 0.00 2,000.00
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8: Additional Examples 111
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Value of a Taxable Retirement Account
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Cash Flow Examples

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8: Additional Examples 113
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118 A: Assistance, Batteries, and Service
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Power and Batteries

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Accessing the battery compartment A: Assistance, Batteries, and Service 119
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124 A: Assistance, Batteries, and Service
10B.book Page 125 Wednesday, June 21, 2000 5:19 PM

Service Agreements

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A: Assistance, Batteries, and Service 125
Disposal of Waste Equipment by Users in Private Household in the European Union
This symbol on the product or on its packaging indicates that this product must not be disposed of with your other household waste. Instead, it is your responsibility to dispose of your waste equipment by handing it over to a designated collection point for the recycling of waste electrical and electronic equipment. The separate collection and recycling of your waste equipment at the time of disposal will help to conserve natural resources and ensure that it is recycled in a manner that protects human health and the environment. For more information about where you can drop off your waste equipment for recycling, please contact your local city office, your household waste disposal service or the shop where you purchased the product.

End-user terms and conditions
HP 10B II Calculator Warranty period: 12 months 1. HP warrants to you, the end-user customer, that HP hardware, accessories and supplies will be free from defects in materials and workmanship after the date of purchase, for the period specified above. If HP receives notice of such defects during the warranty period, HP will, at its option, either repair or replace products which prove to be defective. Replacement products may be either new or like-new. 2. HP warrants to you that HP software will not fail to execute its programming instructions after the date of purchase, for the period specified above, due to defects in material and workmanship when properly installed and used. If HP receives notice of such defects
126 A: Assistance, Batteries, and Service
during the warranty period, HP will replace software media which does not execute its programming instructions due to such defects. 3. HP does not warrant that the operation of HP products will be uninterrupted or error free. If HP is unable, within a reasonable time, to repair or replace any product to a condition as warranted, you will be entitled to a refund of the purchase price upon prompt return of the product. 4. HP products may contain remanufactured parts equivalent to new in performance or may have been subject to incidental use. 5. Warranty does not apply to defects resulting from (a) improper or inadequate maintenance or calibration, (b) software, interfacing, parts or supplies not supplied by HP, (c) unauthorized modification or misuse, (d) operation outside of the published environmental specifications for the product, or (e) improper site preparation or maintenance. 6. Hewlett-Packard makes no other express warranty or condition whether written or oral. To the extent allowed by local law, any implied warranty or condition of merchantability, satisfactory quality, or fitness for a particular purpose is limited to the duration of the express warranty set forth above. Some countries, states or provinces do not allow limitations on the duration of an implied warranty, so the above limitation or exclusion might not apply to you. This warranty gives you specific legal rights and you might also have other rights that vary from country to country, state to state, or province to province. 7. To the extent allowed by local law, the remedies in this warranty statement are your sole and exclusive remedies. Except as indicated above, in no event will Hewlett-Packard or its suppliers be liable for loss of data or for direct, special, incidental, consequential (including lost profit or data), or other damage, whether based in contract, tort, or otherwise. Some countries, States or provinces do not allow the exclusion or limitation of incidental or consequential damages, so the above limitation or exclusion may not apply to you. 8. For consumer transactions in Australia and New Zealand: the warranty terms contained in this statement, except to the extent lawfully permitted, do not exclude, restrict or modify and are in addition to the mandatory statutory rights applicable to the sale of this product to you.

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Cash-Flow Calculations

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Statistics

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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.

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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. 'LVSOD\
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.H\V
12H 360n 10L 14000 $ 0M P
'HVFULSWLRQ Sets payments per year. Enters payments. Enters interest per year. Enters present value. Enters future value. Calculates payment if paid at end of period.
Multiply 17, 22, and 25 by 7, storing 7 as a constant operation.H\V

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'HVFULSWLRQ Stores 7. Multiplies 17 7. Multiplies 22 7. Multiplies 25 7. Stores in register 2. Clears display. Recalls register 2.
Number of payments. Interest per year. Present value. Payment. Future value. Begin or End mode. Number of payments per year mode
Store 519 in register 2, then recall it.

519H?2 C :2

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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?.H\V 'LVSOD\ 'HVFULSWLRQ 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 Calculates original payment.

100FP

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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.H\V

20N H! = = =

Amortize the 1st through 12th loan payments.

1N12 H! = = =

Enters range of periods to amortize. Displays range of payments. Displays principal. Displays interest. Displays balance.
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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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'HVFULSWLRQ Enters period to amortize. Displays period to amortize. Displays principal. Displays interest. (Money paid out is negative.) Displays balance.
Nominal interest percent. Effective interest percent. Periods per year.
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Find the annual effective interest rate of 10% nominal interest compounded monthly.H\V 'LVSOD\ 'HVFULSWLRQ 10H& Enters nominal rate. 12H Enters payments per year. Hx Calculates annual effective interest.
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?.H\V
HD 12H 40000FJ 4700J 7000J 2Ha 23000J HW 12=

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'HVFULSWLRQ Clears all memory. Sets payments per year. Enters initial outflow. Enters first cash flow. Enters second cash flow. Enters number of consecutive times cash flow occurs. Enters third cash flow. Calculates IRR/YR. Calculates IRR per month. Enters I/YR. Calculates NPV.

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number _ number H^ number1 Nnumber2 _ number1 Nnumber2

H^ HBH Hc HXH HkH

Clear statistical registers. Enter one-variable statistical data. Delete one-variable statistical data. Enter two-variable statistical data. Delete two-variable statistical data. Means of x and y. Mean of x weighted by y. Sample standard deviations of x and y. Population standard deviations of x and y. Estimate of x and correlation coefficient. Estimate of y. y-intercept and slope.
Number of periods per year (default is 12). Cash flows, up to 15 ( j is the cash flow number). Number of consecutive times cash flow j occurs. Internal rate of return per year. Net present value.

y-value HQH x-value HR

What is the NPV if the discount rate is 10%?

10L Hl