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Please try again.Please try again.Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. If you are a seller for this product, would you like to suggest updates through seller support ? To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. It also analyzes reviews to verify trustworthiness. Please try again later. Michael 5.0 out of 5 stars. These calculators differ slightly, so you may prefer the HP 10BII tutorial. This tutorial will demonstrate how to use the financial functions to handle time value of money problems and make financial math easy. I will keep the examples rather elementary, but understanding the basics is all that is necessary to learn the calculator. The 10B comes from the factory set to assume monthly compounding. That's fine, I suppose, but its better to set it to assume annual compounding and then make manual adjustments when you enter numbers. Why? Well, the compounding assumption is hidden from view and in my experience people tend to forget to set it to the correct assumption. Of course, most people don't recognize a wrong answer when they get one, so they blithely forge ahead. To fix this problem press 1 (once per year) then Shift and finally PMT. To check that it has taken, press Shift and then C (clear all).By default the 10B displays only two decimal places. This is not enough. Personally, I like to see five decimal places, but you may prefer some other number. That's it, the calculator is ready to go. If it isn't there, please.(JavaScript must be enabled to view this email address) and I'll try to answer the question. How much will you have accumulated at the end of this time period. Before entering the data you need to make sure that the financial registers (each key is nothing more than a memory register) are clear.
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Otherwise, you may find that numbers left over from previous problems will interfere with the solution to this one. Press Shift Input to clear the memory. Now to find the future value simply press FV. The answer you get should be 161.05. Of these, you will always be given 3 or 4 and asked to solve for the other. In this case, we have a 4-variable problem and were given 3 of them (N, i, and PV) and had to solve for the 4th (FV). To solve these problems you simply enter the variables that you know in the appropriate keys and then press the other key to get the answer. Had you entered 0.10, the future value would have come out to 100.501 — obviously incorrect. This was on purpose. Most financial calculators (and spreadsheets) follow the Cash Flow Sign Convention. This is simply a way of keeping the direction of the cash flow straight. Cash inflows are entered as positive numbers and cash outflows are entered as negative numbers.For example, suppose that we wanted to find out the future value if we left the money invested for 10 years instead of 5. Simply enter 10 into N and solve for FV. You'll find that the answer is 259.37. One important thing to remember is that the present value will always (unless the interest rate is negative) be less than the future value. Keep that in mind because it can help you to spot incorrect answers due to a wrong input. Let's try a new problem: If you believe that you can earn an average annual rate of return of 8 per year, how much money would you need to invest today as a lump sum to achieve your goal. We want to find the present value. That is a lot of money to invest all at once, but we'll see on the next page that you can lessen the pain by investing smaller amounts each year. If you know the interest rate, then we can solve for the amount of time that it will take for the present value to grow to the future value by solving for N. Assume that you can earn 9 per year on your investment.
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However, we can easily find the exact answer using the HP 10B calculator. Now solve for N and you will see that it will take 8.04 years for your money to double. If you don't make either the PV or FV a negative number (and the other one positive), then you will get No Solution on the screen instead of the answer. That is because, if both numbers are positive, the calculator thinks that you are getting a benefit without making any investment. If you get this error, just press C to clear it and then fix the problem by changing the sign of either PV or FV. Maybe you have recently sold an investment and would like to know what your compound average annual rate of return was. Or, perhaps you are thinking of making an investment and you would like to know what rate of return you need to earn to reach a certain future value. Let's return to our college savings problem from above, but we'll change it slightly. Therefore, we will enter -20,000 into PV, and 100,000 into FV. Therefore, in order to reach the same goal, you would need to earn a higher interest rate. This requires that you understand the calculations that the calculator is doing and the relationships between the variables. If you don't, you will quickly learn that if you enter wrong numbers you will get wrong answers. Remember, the calculator only knows what you tell it, it doesn't know what you really meant. Yet, it’s surprising how many commercial real estate and finance professionals still don’t know how to properly use a financial calculator. 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. It’s also common for people to get stuck with basic but confusing settings such as the payments per year setting. In this article we’ll solve all of these problems by taking a deep dive into how to use a financial calculator.
We’ll discuss everything you need to know about getting started, we’ll cover some routine calculations, and we’ll also tackle some common mistakes and misconceptions. What’s The Best Financial Calculator to Use. If you’re just getting started, the first choice you’ll need to make is which financial calculator to actually use. Here are the most popular financial calculators used in commercial real estate and finance today: HP 10BII. This is one of the newer Hewlett Packard models and is widely used in business schools as well as in the finance industry. The colors are also slightly different. TI BA2 Plus. This is one of the newer and most popular Texas Instrument financial calculators and is also widely used in business schools and the finance industry. HP 12C. This is one of the older Hewlett Packard financial calculators. It’s not used much in business schools today but it’s still has a strong following among seasoned veterans. Usually the people wielding this small machine have been running financial calculations longer than most of us young(er) professionals have been alive. Other financial calculators include the HP17BII, the HP19BII, and the HP20b. These financial calculators are not widely used in finance and commercial real estate and therefore are not recommended. If you’re just starting out it’s really a toss up between the HP 10BII and the TI BA2 Plus. In a survey of the PropertyMetrics audience the HP 10BII was the most popular financial calculator used, so for the purposes of this article we’ll be focusing on the HP 10BII. If you’d like us to cover another model in a future article, let us know in the comments. As an aside, both the HP 10BII and the TI BA2 Plus have excellent emulator apps for iOS and Android devices. Why You Need to First Master The Time Value of Money Before diving into how to use a financial calculator, you must first master the time value of money.
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The time value of money is a fundamental building block in finance and commercial real estate. A financial calculator is simply a tool that facilitates time value of money calculations. 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. Time value of money is the economic principle that a dollar received today has greater value than a dollar received in the future. What’s the intuition behind this principle. Why does money have time value. What are the components of all time value of money problems? These are all great questions and unfortunately outside of the scope of this article. 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. How the HP 10BII Financial Calculator is Organized Assuming you’re comfortable with the time value of money, let’s next get familiar with the layout of the HP 10BII financial calculator. Basic Math Functions The most frequently used buttons will certainly be the math keys. These math keys work just like they do on a regular non-financial calculator. All of the other fancy-looking keys might make things confusing at first, but these math functions should make you feel right at home. As you can see these are easy to find and we have clearly labelled this section in red below. Math functions on the HP 10BII. Time Value of Money Functions The time value of money keys are located along the top of the calculator and correspond to the 5 components of all time value of money problems (N, I, PV, PMT, and FV). We’ll cover how to use these keys in more detail below, but here’s where these keys are located on the HP 10BII: Time value of money functions on the HP 10BII. Gold and Purple Keys You probably already noticed the solid purple and gold keys. These frequently used keys are needed to shift through different functions for the same key.
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. The white letters are the primary functions, while the gold and purple letters indicate alternative functions for the same key. You can use any of these alternate functions at any time by simply pressing the appropriate shift key (gold key for example) and then pressing the function key with the gold label that you want to use. We’ll demonstrate this process below, but here’s where these keys are located in case they didn’t already stand out to you: Gold and purple keys on the HP 10BII How to Use Basic Functions and Settings 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. How to Turn Your Financial Calculator On and Off Turning the HP 10BII on and off is pretty simple. 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. Notice the gold text on the ON button, which indicates this is a secondary function for the same button that needs to be preceded by the Gold key. How to turn the HP 10BII on How to turn the HP 10BII off How to Clear All Registers As you work through different problems on your financial calculator, one of the easiest ways to make a mistake is to not clear out your existing work from other problems. The clear all function will immediately clear out all of your prior work so you can start a new problem with a clean slate. To accomplish this all you need to do is simply press the Gold key followed by the C key. First, we’ll go over the memory register key, which just stores one value at a time. To use the M register, simply input or calculate a number, then hit the M register key as show below.
To recall a value stored on the M register, simply press the RM or recall memory key: How to store value in the memory register How to recall value from the memory register How to Store and Recall Multiple Values From Memory If you want to store multiple values then you’ll need to use a different approach. This is particularly useful when you are calculating multiple figures that then later need to be used in a final calculation. To do this you’ll need to use the store and recall key as shown below: Store and recall key on the HP 10BII To store a number using this approach, use the following procedure: Input or calculate a number Press the gold key Press the STO key Press a number (0-9) where you’d like to store the value This is a straightforward process on the HP 10BII but it does involve a lot of steps that can be cumbersome and sometimes annoying. This is one area where the TI BA2 Plus offers a much faster and simpler solution since the store and recall keys are two separate buttons (no extra shift key is required). The TI BA2 Plus is outside of the scope of this article, but if you’ll be storing and recalling multiple numbers like this on a regular basis, then you’ll probably like the TI BA2 Plus better.
Recalling a stored value is a lot easier: Press the RCL button Press a number (0-9) where you previously stored a value How to Use A Financial Calculator Online Course A complete online course that teaches you how to use an HP 10BII financial calculator step-by-step with easy-to-follow videos and commercial real estate specific examples Learn the HP 10BII financial calculator step by step No prior finance knowledge required Includes a complete time value of money crash course Includes commercial real estate specific problems and solutions Enroll Now How to Use The Time Value of Money Keys 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. This is, after all, what a financial calculator is built for. 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. The best way to master using the time value of money keys on the 10BII is to simply practice. Below we’ll go over how to use each of the 5 keys individually and also go over some practice problems. But first, lets discuss how to avoid a common mistake people make when using a financial calculator. Consistency of The Time Value of Money Components One of the most common problems people make when using a financial calculator is inputting inconsistent time value of money components. When solving for time value of money problems it’s critical that the frequency of the N, I, and PMT components match. 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.
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 this reason it’s better to set payments per year to 1 and then totally ignore this setting. You’ll need manually adjust the components in each problem so that they match in frequency, but this will result in fewer errors. You can set the payments per year setting to 1 by simply pressing the 1 key, then the gold key, and finally the PMT key. HP 10BII payments per year 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. What should you pay for it today in order to earn 6.5 annually? To solve this time value of money problem let’s take a look at the 4 variables that we know. To solve this problem simply identify the 4 known components and then use the HP 10BII financial calculator to find the 5th unknown component. It’s negative because it’s leaving our pocket when we put it into the investment. The number of periods N is 7 years, and the rate I is 5. The N and I components are both expressed annually, so they are consistent. To resolve this let’s adjust the N and I components so they are both expressed monthly. Because it isn’t explicitly given, we know that the payment amount is implied to be 0. The number of periods N is given to us as 10 years. The interest rate is 6.5 annually because this is how much we earn each year. How far into the future. 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. We specifically focused on the HP 10BII and detailed how the calculator is organized, how to perform common calculations and functions, and finally we covered how to use the time value of money keys along with step by step examples.
Additionally, we took a look at some common mistakes people make when learning how to use a financial calculator and we showed you how to avoid making these errors. Learning how to use a financial calculator is not a quick process and it does take time. 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. Filed Under: Articles Primary Sidebar What is PropertyMetrics. PropertyMetrics provides web-based software for commercial real estate analysis and presentation. Recent Posts How to Calculate an Interest Reserve for a Construction Loan Eleven Types of Risk in Commercial Real Estate How The Single Net Lease Works What is Force Majeure and How Does it Work. PropertyMetrics is an excellent source of information with professional grade software for analysis and presentation. The presentation and information provided is astute and always to the point with great clarity. I have to also compliment your company on clearly explaining valuation concepts to me. To put this into context, I asked my professor in my investment class last week if he knew of a way to value an income property using discounted cash flow analysis. Long story short.you guys are smarter than my professor. As the head of a local Taxpayers Association with a considerable amount of municipal real estate, your data provides me with the information needed to show how much current lease terms cost the town in lost revenue, making my task much easier. Drop us a line and let us know. If you continue to use this site we will assume that you are happy with it. OK. Discover everything Scribd has to offer, including books and audiobooks from major publishers. Report this Document Download Now save Save hp.10b business calculator manual.pdf For Later 0 ratings 0 found this document useful (0 votes) 26 views 72 pages hp.10b business calculator manual.
pdf Uploaded by Queremosabarrabas A Barrabas Description: Full description save Save hp.10b business calculator manual.pdf For Later 0 0 found this document useful, Mark this document as useful 0 0 found this document not useful, Mark this document as not useful Embed Share Print Download Now Jump to Page You are on page 1 of 72 Search inside document Browse Books Site Directory Site Language: English Change Language English Change Language. Condition is New. Shipped with USPS Parcel Select Ground. Please know me that product packaging is damaged. This handy business machine works well as part of your school, work, and household calculating accessories. With it, you calculate cash flows, find forecasts, determine a loan payment, and figure out percentages in an instant. Save lots of valuable time and possible frustration by letting this system do the figuring for you. It features more than 100 functions for business, statistics, math, and finance operations. Despite its power, this tool is only 1 inch thick and 10 inches long, allowing you to have it on hand no matter where your business may take you. It’s sturdy enough to slip into your briefcase and go with you anywhere you need it. It's even rugged enough to handle life in a student’s backpack, an environment that many calculators have difficulty surviving.The HP10BII financial calculator is perfect for experienced financiers, but it’s also ideal for novices. It has an algebraic entry system, and the keyboard has a highly intuitive layout. All number and function keys are simple to locate and use, making this model a pleasure to work with. Simply enter a number and proceed with the calculation. Press the clear entry key to type in your desired change or to start a new problem. Press another button to store your final result if you want to refer to it later. This system also has a 12-character, seven-segment LCD screen display that is easy to read.
You don’t have to squint or guess when you want to check your results in a hurry. The 10BII has built-in software that easily calculates loan payments, interest rates, amortization, and more. Additional available calculations handle discounted cash flow analyses and provide time value of money (TVM) for savings, loans, and leases. Also calculate IRR, NPV, and NFV with up to 45 data points as well as break-even quantity, or figure out costs for a customer order using the PMT option. Additional simple-to-use options allow you to easily project earnings and determine the value of an investment. This device allows you to take a look at the interest rate, present value, or future value of virtually anything. Statistical analysis is cumulative. Figure standard deviation, mean, and weighted mean in addition to forecasts and the correlation coefficient. The system’s analysis is register-based, and it has 15 important functions. The calendar function makes it simple to schedule payments and figure out maturity dates for bonds. It makes the determination based on the year you input. This useful and complete financial calculator simplifies money calculations of all sorts. Make quick work of a range of numerical information with the Hewlett Packard 10BII. Of course, this device handlews basic math, but it is also efficient at solving equations for science class, calculating real estate figures, and computing statistics. It performs both simple and complicated math quickly and accurately, so you don’t have to wait to get your results. I needed a calculator that could keep up with my fast key pressing during a certification exam, for example. This calculator does just that. The product looks and feels solid. The contrast of the screen can be adjusted and the numbers show up clearly. Prior I had purchased a Texas BA II Plus and it was complete junk. It had severe issues with registering key presses quickly. This calculator replaced the BA II Plus I had and I am very satisfied.
This was the calculator being used by the professor. The calculator is very easy to use and comes with a manual that gives some very good examples of using the different financial functions. Calculating TMV and EARs were a cinch. This is definitely a good product to buy for a finance class. Despite it's title, this is a financial calculator and I would not describe it as a scientific calculator. If trying to use this calculator as a true scientic calculator, then I would recommend going for other models. The scientific mode is not that great. It is as good as the Texas Instruments BA II. The HP10Bii calculator has a nice keyboard and LCD display. I bought this one to keep in my car - I already have one at home and in the office. It's easy to use and candidly it can do more than I will ever need. Verisign. Groups Discussions Quotes Ask the Author To see what your friends thought of this book,This book is not yet featured on Listopia.There are no discussion topics on this book yet. This tutorial will demonstrate how to use theThe 10B comesHowever, it is probably better to set itTo fix this problem press 1 (once per year) then theTo check that it has taken, press By default the 10B displays only two decimal places. Otherwise, you may find that numbers left over from previous problems willPress Shift then Input to clear the memory. Next,The answer you get should be 161.05. Of these, you will In this case, we have a 4-variable problem and. To solve these problems you simplyHad you entered 0.10, theThis was done becauseThis is simplyCash inflows are entered as positive numbers andYou'll find that the answer is 259.37. Press Shift Input to clear the financial keys. Enter the numbers into. Now press the PV key toThe answer is -6,417.6577. Again, this is negative because it represents the amount youHow much would you have to repay. All we need to do is toHowever, that is difficult, so we'll use the cash flow key (CF j ) instead.
All we need toAgain, clear the financial keys first. Now, press 0 then CF j,Now, enter 12Realize that one way to find the future value of any set of cashNext, find the future value of that single present value amount and you have your. Now press the FV key and you'll see that the futureWhat is the NPV? IRR? For the NPV we must supply a discount rate, so enter 12. You'll find that the NPV is. This time. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.Their focus has been on high-end scientific, engineering and complex financial uses.The corporation recognized two opportunities: it might be possible to automate the instrumentation that HP was producing, and HP's customer base were likely to buy a product that could replace the slide rules and adding machines that they were now using for computation.Some of them could be used (via HP-IL ) to control the instruments other Hewlett Packard divisions produced.The longest running product in the HP calculator line, it remains in production.Uses the Saturn chip set.Included a programming language with looping and branching.It had approximately 7 kilobytes of programmable memory which could be used for formulas or notes.First HP graphing calculator, and introduced the Forth -like RPL, programmable keys, and symbolic equation solving, with 2 KB of user memory. Book-style design (flip-open cover) with keys on both interior halves.Introduced a file system for storing variables, functions, and user programs in the form of a multi-level tree. Functionally a direct predecessor to the HP-48 series, which returned to a more traditional physical design based on the HP-41.Included a programming language with looping and branching. An inexpensive variation on the 19C printer.Built in Black-Scholes Equation, FMRR and MIRR. Powered by ARM processor. Multiple input methods including RPN, chain algebraic, and normal.First with integration and Root Finding.
It does not support RPN.It included a two line display (dot addressable) and featured built-in matrix and complex number mathematics.Based on the functionality of the HP-28S, but with a return to a traditional appearance (similar to the HP-41 series). Historically one of the most popular models among engineers. Uses a filesystem first introduced on the HP-28S.Later models designed by Kinpo Electronics, Inc.Only model with an accurate (quartz crystal) stopwatch mode.Programs could be up to 100 steps in length and could be written to or read from magnetic strips.Includes several new features such as color graphing animation and wireless (dongle) connectivity.By using this site, you agree to the Terms of Use and Privacy Policy. If you only need a single manual, just click on the volume number that follows it like. If you need more than one manual,Manuals thatSolving Problems With Your Hewlett-Packard Calculator Color... ( CD 05 ) HP-31E etc.Basic Exchange Volume 3, Issues 1 and 2... ( CD 09 ) You may contact him at. You may contactIn addition to those files scanned by the museum,HP 9825A General Utility Routines, HP 9825A Matrix Programming. HP 9825A Matrix. HP-25 Bedienungs-Handbuch (German Manual), HP-91 Bedienungs-Handbuch Color (German Manual)HP-41C timer solutionsHP-35 Errata Sheet ColorHP Articles Forum, HP Memories Forum, HP Forum Archive 19, HP Forum Archive 20, HP Forum Archive 21New HP-41C and 2 HP-65 BrochuresHP 82143A Thermodrucker Bedienungshandbuch. HP-22 Manual do Proprietario (Portuguese Manual).