12 Ge t t in g S ta r te d
...how much can you borrow at a 9.5% interest rate?
For more information on TVM concepts and problems, refer to chapter 5,
Picturing Financial Problems, and chapter 6, Time Value of Money Calculations
in the HP 10bII+ Financial Calculator User’s Guide.
Ï
11,395.08 Calculates amount
you can borrow.
Table 1-13 Calculating a new payment
Keys Display Description
Table 1-14 Calculating a new interest rate
Keys Display Description
d7VÒ
9.50 Enters new interest
rate.
Ï
11,892.67 Calculates new
present value for
$100.00 payment
and 9.5% interest.
J:Ò
10.00 Reenters original
interest rate.
JY:::Ï
14,000.00 Reenters original
present value.
Ì
-122.86 Calculates original
payment.
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