HP 10BII Financial Calculator

Product Information

Several additional scientific functions were also added, such as trigonometric and hyperbolic functions, their inverses, and several additional statistical regression models. 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.

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. 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. In finance and commercial real estate it’s simply expected that you know how to use a financial calculator. 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.Two versions of the 10B were produced, the first version came with orange lettering around the keys and used an 1LU7 HP Saturn processor, the later model (in 2000) with teal-green labels. As an aside, both the HP 10BII and the TI BA2 Plus have excellent emulator apps for iOS and Android devices. So, now we know 4 out of the 5 time value of money components and we can easily solve for the 5th unknown interest rate component, which turns out to be 6. 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. 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.

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. 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. In 2015, the internal hardware of the HP 10bII+ changed to use an Atmel ATSAM4LC2CA processor with ARM Cortex-M4 core. All of the other fancy-looking keys might make things confusing at first, but these math functions should make you feel right at home.

Below we’ll go over how to use each of the 5 keys individually and also go over some practice problems. The second in 2007, branded as "10bII", had a silver bezel and blue statistical shift button and key labels. When solving for time value of money problems it’s critical that the frequency of the N, I, and PMT components match. 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 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). However, the layout and the core calculations for math and the time value of money are the same and everything covered in this article will also apply to the HP 10BII+.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. To solve for the number of periods, let’s take another variation of the present value problem above. The white letters are the primary functions, while the gold and purple letters indicate alternative functions for the same key. In 2011, the 10bII was replaced by the HP 10bII+ (NW239AA) model 1 (codenamed "Bluestar" [3]) with expanded capabilities. The first in 2001, branded as "10BII", had a golden bezel and mauve statistical shift button and key labels.