Posted 20 hours ago

HP 10BII Financial Calculator

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Usually the people wielding this small machine have been running financial calculations longer than most of us young(er) professionals have been alive. 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.

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. The second in 2007, branded as "10bII", had a silver bezel and blue statistical shift button and key labels. Yet, it’s surprising how many commercial real estate and finance professionals still don’t know how to properly use a financial calculator. If you’re just getting started, the first choice you’ll need to make is which financial calculator to actually use.The HP 10BII makes this easy with a dedicated plus and minus ( + / – ) sign key, which toggles the sign of an inputted number. 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.

Special thanks to our interns, Brian LaBarbera and Greg Rucker for helping us to create this great app for you! Whether you are a seasoned investor or you just have questions about paying off your credit card, refinancing your home, or planning your 401(k) contributions, the 10bii Financial Calculator has the answers to YOUR financial questions! Several additional scientific functions were also added, such as trigonometric and hyperbolic functions, their inverses, and several additional statistical regression models. 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.To solve this problem simply identify the 4 known components and then use the HP 10BII financial calculator to find the 5th unknown component. When solving for time value of money problems it’s critical that the frequency of the N, I, and PMT components match. 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, 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. Early production runs were of poor quality; newer calculators have apparently solved this shortcoming.

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.The 10bii Financial Calculator is powerful enough for the professional but accessible enough for everyone. 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. 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. This is particularly useful when you are calculating multiple figures that then later need to be used in a final calculation. When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings.

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. 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. 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. Assuming you’re comfortable with the time value of money, let’s next get familiar with the layout of the HP 10BII financial calculator.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.

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