HP 10BII Financial Calculator

Product Information

The second in 2007, branded as "10bII", had a silver bezel and blue statistical shift button and key labels. 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. The 10bii Financial Calculator is powerful enough for the professional but accessible enough for everyone.

The HP 10BII financial calculator has a built in settings for payments per year that attempts to auto-adjust the interest rate based on how many periods there are in a year. Modeled after the extremely popular 10bII Financial Calculator by Hewlett Packard, the 10bii Financial Calculator combines precise mathematics, intuitive display, and ease-of-use in one compact package. There are many features of the HP 10BII that we did not cover in this article, but the elements we discussed will give you a solid foundation. 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.To solve this problem simply identify the 4 known components and then use the HP 10BII financial calculator to find the 5th unknown component. After a quick check it appears that the number of periods and the rate are actually expressed in different compounding periods, which of course presents a conflict. As an aside, both the HP 10BII and the TI BA2 Plus have excellent emulator apps for iOS and Android devices.

Usually the people wielding this small machine have been running financial calculations longer than most of us young(er) professionals have been alive. A common task when using a financial calculator, especially when working with the time value of money functions, is changing the sign of a number. Well, now that we know 4 out of the 5 components we can simply plug them in and solve for N, which is 10 years.

Assuming you’re comfortable with the concepts of the time value of money (in particular the 5 components of all time value of money problems), the time value of money keys on the 10BII are very intuitive to use. But first, lets discuss how to avoid a common mistake people make when using a financial calculator. The 10bii Financial Calculator is a versatile and powerful financial calculator which features more than 105 different functions for financial analysis, business, statistics, and general mathematics. The clear all function will immediately clear out all of your prior work so you can start a new problem with a clean slate. All you have to do is use the ON Button to turn it on or the Gold Key first then the ON button to turn it off.

If you’re just getting started, the first choice you’ll need to make is which financial calculator to actually use. When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. Below we’ll go over how to use each of the 5 keys individually and also go over some practice problems.However, this does not auto-adjust the N and PMT components (you still have to do this manually), which makes this function cause more problems than it’s worth. For example, if the number of periods (N) in the problem is monthly, then the interest rate (I) and payments per period (PMT) must also be expressed monthly. Assuming you’re comfortable with the time value of money, let’s next get familiar with the layout of the HP 10BII financial calculator.