HP 10bII+ Financial Calculator User’s Guide

[Pages:187]HP 10bII+ Financial Calculator User's Guide

HP Part Number: NW239-90001 Edition 1, May 2010

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Legal Notice

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. In this regard, HP shall not be liable for technical or editorial errors or omissions contained in the manual. 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 examples contained herein. Copyright ? 2010 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 Palo Alto, CA 94304 USA

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HP 10bII+ Financial Calculator

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Keyboard Map Legend

Number

Primary Functions

(row of keys)

(white)

\ SHIFT Down

(orange functions on key bevel)

] SHIFT Up

(blue functions above keys)

1

12 character, seven-

segment screen display

2

Time Value of Money Payments per year,

Bond calculations

(TVM)

interest conversion,

amortization,

3

Input key, markup, cost, Date and change of Calendar and coupon

price and margin

days, IRR per year, NPV, payment schedules,

beginning/end of

settlement and maturity

payment period

dates (bonds)

4

K memory register, Swap, percent change, Break-even calculation

percent, cash flow

cash flow count, delete

amount, statistics entry, statistics, round

backspace

5

Change sign, recall Scientific notation, store, Depreciation,

and memory

clear statistics,

hyperbolic and

parentheses

trigonometric functions

6

Shift (blue, up)

Shift (orange, down)

7

Numbered keys: 1, and Statistics, weighted

Statistical functions and

4-9

mean and estimation regression modes

8

Clearing functions

Clearing functions

Clearing functions

9

On

Off

Operating modes

10

Numbered keys: 0 and Common mathematical Probability functions

2-3, decimal

functions

11

Mathematical functions Common mathematical Trigonometric functions

functions, parentheses

12

Annunciators

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Table of Contents

Legal Notice............................................................................................................... ii HP 10bII+ Financial Calculator.................................................................................... iii Keyboard Map Legend ............................................................................................... iv

1 At a Glance........................................................................................................................ 1

Basics of Key Functions................................................................................................1 Shift Keys...................................................................................................................2 Boxed Key Functions ...................................................................................................2 Percentages ...............................................................................................................3 Memory Keys .............................................................................................................4 Time Value of Money (TVM) .........................................................................................6 TVM What if... ...........................................................................................................7 Amortization ..............................................................................................................8 Depreciation ..............................................................................................................9 Interest Rate Conversion.............................................................................................10 Cash Flows, IRR/YR, NPV, and NFV ...........................................................................11 Date and Calendar ...................................................................................................13 Bonds ......................................................................................................................14 Break-even ...............................................................................................................16 Statistical Calculations ...............................................................................................17 Probability ...............................................................................................................19 Trigonometric Functions .............................................................................................20

2 Getting Started................................................................................................................. 23

Power On and Off ....................................................................................................23 Manual Conventions and Examples.............................................................................23 Basics of Key Functions..............................................................................................24 Shift Keys.................................................................................................................25 Boxed Key Functions .................................................................................................25 Simple Arithmetic Calculations....................................................................................26 Understanding the Display and Keyboard ....................................................................29 Cursor .....................................................................................................................29 Clearing the Calculator..............................................................................................29 Annunciators ............................................................................................................30 Input Key .................................................................................................................32 Swap Key ................................................................................................................32 Statistics Keys ...........................................................................................................32 Time Value of Money (TVM), Cash Flows, Bond, and Break-even Keys ............................33 Math Functions .........................................................................................................33 Trigonometric and Hyperbolic Functions and Modes .....................................................35 Pi ............................................................................................................................36 Hyperbolic Functions .................................................................................................36 Two-Number Functions ..............................................................................................37 In-line Functions ........................................................................................................37

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Arithmetic with One-and Two-number Functions............................................................ 39 Last Answer ............................................................................................................. 41 Display Format of Numbers ....................................................................................... 41 Scientific Notation .................................................................................................... 43 Interchanging the Period and Comma ......................................................................... 43 Rounding Numbers................................................................................................... 43 Messages ................................................................................................................ 44

3 Business Percentages.........................................................................................................45

The Business Percentage Keys .................................................................................... 45 Percent key .............................................................................................................. 45 Margin and Markup Calculations ............................................................................... 47

4 Number Storage and Storage Register Arithmetic ...............................................................49

Using Stored Numbers in Calculations ........................................................................ 49

5 Picturing Financial Problems ..............................................................................................55

How to approach a Financial Problem ........................................................................ 55 Signs of Cash Flows ................................................................................................. 56 Periods and Cash Flows ............................................................................................ 56 Simple and Compound Interest................................................................................... 56 Interest Rates............................................................................................................ 57 Two Types of Financial Problems ................................................................................ 58 Recognizing a Cash Flow Problem ............................................................................. 59

6 Time Value of Money Calculations .....................................................................................61

Using the TVM Application ........................................................................................ 61 The TVM Keys .......................................................................................................... 61 Begin and End Modes............................................................................................... 62 Loan Calculations ..................................................................................................... 62 Savings Calculations................................................................................................. 67 Lease Calculations .................................................................................................... 71 Amortization ............................................................................................................ 74 Interest Rate Conversions ........................................................................................... 79 Resetting the TVM Keys ............................................................................................. 82

7 Depreciation .....................................................................................................................83

The Depreciation Keys .............................................................................................. 83 Resetting the TVM Keys ............................................................................................. 86

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8 Cash Flow Calculations ..................................................................................................... 87

How to Use the Cash Flow Application........................................................................87 Clearing the Cash Flow Memory.................................................................................88 Calculating Internal Rate of Return...............................................................................90 NPV and IRR/YR: Discounting Cash Flows ...................................................................91 Organizing Cash Flows .............................................................................................91 Viewing and Editing Cash Flows.................................................................................93 Calculating Net Present Value and Net Future Value .....................................................95 Automatic Storage of IRR/YR and NPV ........................................................................98

9 Calendar Formats and Date Calculations ........................................................................... 99

Calendar Format.......................................................................................................99 Date Format .............................................................................................................99 Date Calculations and Number of Days .....................................................................101 Number of Days .....................................................................................................102

10 Bonds .......................................................................................................................... 105

The Bond Keys........................................................................................................105 Resetting the bond keys ...........................................................................................108

11 Break-even .................................................................................................................. 109

The Break-even Keys................................................................................................109 Resetting the Break-even keys ...................................................................................112

12 Statistical Calculations .................................................................................................. 113

Clearing Statistical Data ..........................................................................................114 Entering Statistical Data ...........................................................................................114 Viewing and Editing Statistical Data ..........................................................................116 Summary of Statistical Calculations ...........................................................................119 Mean, Standard Deviations, and Summation Statistics .................................................120 Linear Regression, Estimation, and Regression Modes..................................................121 Weighted Mean .....................................................................................................124 Regression Models and Variables .............................................................................125 Probability Calculations ...........................................................................................126 Factorial ................................................................................................................126 Permutations...........................................................................................................126 Combinations .........................................................................................................127 Random Number and Seed......................................................................................127 Advanced Probability Distributions ............................................................................128 Normal Lower Tail Probability ..................................................................................129 Inverse of Normal Lower Tail Probability ....................................................................130 Student's T Probability Lower Tail ..............................................................................131

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Inverse of Student's t Probability Lower Tail................................................................ 132 Conversions from Lower Tail .................................................................................... 133

13 Additional Examples .....................................................................................................137

Business Applications.............................................................................................. 137 Loans and Mortgages ............................................................................................. 139 Savings ................................................................................................................. 148 Cash Flow Examples............................................................................................... 152

14 Appendix A: Batteries and Answers to Common Questions ..................................................I

Power and Batteries ..................................................................................................... I Low Power Annunciator................................................................................................ I Installing Batteries........................................................................................................ I Determining if the Calculator Requires Service ................................................................II Answers to Common Questions ....................................................................................III Environmental Limits................................................................................................... IV

15 Appendix B: More About Calculations .................................................................................I

IRR/YR Calculations..................................................................................................... I Equations ................................................................................................................... I

16 Appendix C: Messages .......................................................................................................I

17 Warranty, Regulatory, and Contact Information .................................................................1

Replacing the Batteries ................................................................................................ 1 HP Limited Hardware Warranty and Customer Care....................................................... 1 Limited Hardware Warranty Period .............................................................................. 1 General Terms ........................................................................................................... 2 Exclusions.................................................................................................................. 2 Regulatory Information ................................................................................................ 3 Federal Communications Commission Notice................................................................. 3 Modifications............................................................................................................. 3 Declaration of Conformity for Products Marked with FCC Logo, United States Only ............ 4 Canadian Notice ....................................................................................................... 4 Avis Canadien ........................................................................................................... 4 European Union Regulatory Notice............................................................................... 4 Japanese Notice ........................................................................................................ 5 Disposal of Waste Equipment by Users in Private Household in the European Union ........... 5 Perchlorate Material - special handling may apply.......................................................... 6 Customer Care........................................................................................................... 6 Contact Information .................................................................................................... 6

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