HP 10BII Financial Calculator

Product Information

The 10bii Financial Calculator is powerful enough for the professional but accessible enough for everyone. Atmel is conducting additional review of the discontinuance notice and will reissue notice upon completion of the review" (PDF). If you look closely at the other keys on the financial calculator you’ll notice that they have white letters, gold letters, and purple letters. So, before learning how to use a financial calculator, it’s critical to first master the logic and intuition behind the time value of money. These financial calculators are not widely used in finance and commercial real estate and therefore are not recommended.

Sometimes it’s because they didn’t learn it correctly the first time, and other times it’s because they simply forgot how to use a financial calculator to perform a less frequently used calculation. 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. By expanding on HP's traditional presentation, the 10bii Financial Calculator allows quick and intuitive building and visualization of TVM (Time Value of Money) calculations and Uneven Cash Flow scenarios and lets you type in whole equations for easy review and one-touch evaluation. Several additional scientific functions were also added, such as trigonometric and hyperbolic functions, their inverses, and several additional statistical regression models.In 2015, the internal hardware of the HP 10bII+ changed to use an Atmel ATSAM4LC2CA processor with ARM Cortex-M4 core.

But first, lets discuss how to avoid a common mistake people make when using a financial calculator. 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.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. Now that we have a general feel for how the financial calculator is organized, let’s go over some frequently used functions and useful settings you should understand. To solve this problem simply identify the 4 known components and then use the HP 10BII financial calculator to find the 5th unknown component. 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.

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. The 10bii Financial Calculator is truly powerful enough for the professional but accessible enough for everyone. The successor HP 10BII (F1902A), which was introduced in 2001, has both cosmetic and architectural changes from its predecessor. So, assuming you have your financial calculator set to 1 payment per year and you’ve cleared all registers, let’s go through some example problems to demonstrate how to use the time value of money functions on the HP 10BII financial calculator.For instance, the keyboard layout is different, with two separate shift keys, and the available numbered-storage registers is reduced from 15 to 10. Now that we have a good understanding of how the HP 10BII financial calculator is organized and we’ve also gone over some regularly used functionality, let’s dive into the time value of money.