HP 10BII Financial Calculator

Product Information

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 second in 2007, branded as "10bII", had a silver bezel and blue statistical shift button and key labels. As an aside, both the HP 10BII and the TI BA2 Plus have excellent emulator apps for iOS and Android devices.

The successor HP 10BII (F1902A), which was introduced in 2001, has both cosmetic and architectural changes from its predecessor. But first, lets discuss how to avoid a common mistake people make when using a financial calculator.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. 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. This is one of the newer Hewlett Packard models and is widely used in business schools as well as in the finance industry. The first in 2001, branded as "10BII", had a golden bezel and mauve statistical shift button and key labels. One of the most common problems people make when using a financial calculator is inputting inconsistent time value of money components.

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. Below we’ll go over how to use each of the 5 keys individually and also go over some practice problems. When solving for time value of money problems it’s critical that the frequency of the N, I, and PMT components match. Atmel is conducting additional review of the discontinuance notice and will reissue notice upon completion of the review" (PDF). 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.

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. 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. The clear all function will immediately clear out all of your prior work so you can start a new problem with a clean slate.