# HP | 10bII Business Calculator | HP 10bII Business Calculator User manual ```HP 10BII
b
O
Turns calculator on.
Displays shift annunciator
( ).
Discontinues shift.
Erases last character.
Clears display.
Clears statistics memory.
Clears all memory.
Turns calculator off.
U
H [orange label]
Financial Calculator
H
123p
C
Hª
Quick Reference Guide
HD
Hu
£
Percent.
Cost.
Price.
{
Margin
Markup
;
17.50+
Enters number.
15b=
Find the margin if cost is \$15.00 and selling price is \$22.00.
15U
22£
{
Enters cost.
Enters price.
Calculates margin.
If the cost is \$20.00 and the markup is 33%, what is the selling price?
20U
33;
£
K
#
¡
,
H?
:
!"
Stores a constant operation.
Stores a value in the M register (memory location).
Recalls a value from the M register.
Adds a value to the number stored in the M register.
Stores a value in a numbered register.
Recalls a value from a numbered register.
Multiply 17, 22, and 25 by 7, storing “× 7” as a constant operation.
Enter any four of the five values and solve for the fifth.
n
L
\$
P
M
Hm
[email protected]
Stores “× 7”.
Multiplies 17 × 7.
Multiplies 22 × 7.
Multiplies 25 × 7.
H¢
=
22=
25=
Store 519 in register 2, then recall it.
519H?2
C
:2
Enters cost.
Enters markup.
Calculates price.
Number of payments.
Interest per year.
Present value.
Payment.
Future value.
Begin or End mode.
Number of payments per year mode
If you borrow \$14,000 (PV) for 360 months (N) at 10% interest (I/YR),
what is the monthly repayment?
Set to End mode. Press Hm if #\$% annunciator is displayed.
12H¢
Sets payments per year.
Enters payments.
Enters interest per year.
Enters present value.
Enters future value.
Calculates payment if paid
at end of period.
360n
10L
14000
\$
0M
P
Stores in register 2.
Clears display.
Recalls register 2.
&'
()
*
+
It is not necessary to reenter TVM values for each example. Using the
values from the previous page, how much can you borrow if you want
a payment of \$100.00?
After calculating a payment using Time Value of Money (TVM), enter
the periods to amortize and press H!. Then press =to continually
cycle through the interest, principal, and balance values (indicated by
the ,% , % , and *- annunciators respectively).
Using the TVM example from the previous page, amortize a single
payment and then a range of payments.
100FP
Enters new payment
amount. (Money paid out is
negative.)
\$
Calculates amount you can
borrow.
How much can you borrow at a 9.5% interest rate?
9.5L
Enters new interest rate.
\$
Calculates new present
value for \$100.00 payment
and 9.5% interest.
10L
Reenters original interest
rate.
14000\$
Reenters original present
value.
P
Calculates original
payment.
Amortize the 1st through 12th loan payments.
Amortize the 20th payment of the loan.
20N
Enters period to amortize.
Displays period to
amortize.
Displays principal.
Displays interest. (Money
paid out is negative.)
Displays balance.
H!
=
=
=
,,/0,1%
H¢
J
Ha
HW
Hl
To convert between nominal and effective interest rates, enter the
known rate and the number of periods per year, then solve for the
unknown rate.
H&
Hx
H¢
Nominal interest percent.
Effective interest percent.
Periods per year.
If you have an initial cash outflow of \$40,000, followed by monthly
cash inflows of \$4,700, \$7,000, \$7,000, and \$23,000, what is the IRR/
YR? What is the IRR per month?
HD
Clears all memory.
Sets payments per year.
Enters initial outflow.
Enters first cash flow.
Enters second cash flow.
Enters number of consecutive times cash flow occurs.
Enters third cash flow.
Calculates IRR/YR.
Calculates IRR per month.
12H¢
4700J
7000J
2Ha
23000J
¤12=
Hª
number _
number H^
number1 Nnumber2 _
number1 Nnumber2
H^
Hc
What is the NPV if the discount rate is 10%?
10L
Hl
,.
HW
=
Enters range of periods to amortize.
Displays range of payments.
Displays principal.
Displays interest.
Displays balance.
40000FJ
Number of periods per year (default is 12).
Cash flows, up to 15 ( j is the cash flow number).
Number of consecutive times cash flow j occurs.
Internal rate of return per year.
Net present value.
Find the annual effective interest rate of 10% nominal interest
compounded monthly.
10H&
Enters nominal rate.
12H¢
Enters payments per year.
Hx
Calculates annual effective interest.
1N12
H!
=
=
Enters I/YR.
Calculates NPV.
x-value HR
Clear statistical registers.
Enter one-variable statistical data.
Delete one-variable statistical data.
Enter two-variable statistical data.
Delete two-variable statistical data.
Means of x and y.
Mean of x weighted by y.
Sample standard deviations of x and
y.
Population standard deviations of x
and y.
Estimate of x and correlation
coefficient.
Estimate of y.
y-intercept and slope.
```