- Hp 10bii financial calculator change payments how to#
- Hp 10bii financial calculator change payments manual#
That's it, the calculator is ready to go. I would press Shift = 5 to display 5 decimal places. To change the display, press Shift =, and finally the numeric key that corresponds to the number of digits you would like to see displayed. Personally, I like to see five decimal places, but you may prefer some other number. By default the 10BII displays only two decimal places. Now, just make sure that you always enter the total number of periods (not necessarily years) into N, the per period interest rate into I/YR, and the per period payment into PMT. To check that it has taken, press Shift and then C (clear all). To fix this problem press 1 (once per year) then Shift and finally PMT. Of course, most people don't recognize a wrong answer when they get one, so they blithely forge ahead. Why? Well, the compounding assumption is hidden from view and in my experience people tend to forget to set it to the correct assumption.
Hp 10bii financial calculator change payments manual#
That's fine, I suppose, but its better to set it to assume annual compounding and then make manual adjustments when you enter numbers. The 10BII comes from the factory set to assume monthly compounding. Initial Setupīefore we get started, we need to correctly (in my view, anyway) set up the calculator. We will not need the purple shift key in this tutorial. Please note that in the following text the orange key is referred to as Shift because it is used to shift to the orange-colored function below the key that is pressed next. I will keep the examples rather elementary, but understanding the basics is all that is necessary to learn the calculator.
Hp 10bii financial calculator change payments how to#
This tutorial will demonstrate how to use the financial functions to handle time value of money problems and make financial math easy. The Hewlett Packard 10BII is a very easy to use financial calculator that will serve you well in all finance courses. These calculators differ slightly, so you may prefer the HP 10B tutorial. If the picture at right doesn't match your calculator, you may have an original HP 10B. Are you a student? Did you know that Amazon is offering 6 months of Amazon Prime - free two-day shipping, free movies, and other benefits - to students? Click here to learn more
0 kommentar(er)
