HP 10bII+ User Manual

Time Value of Money Calculations
67
Figure 10 Cash flow diagram (Calculate FV)
The value in PMT should always be rounded to two decimal places when calculating FV or
PV to avoid small, accumulative discrepancies between non-rounded numbers and actual
(dollars and cents) payments. If the display is not set to two decimal places, press
\5G.
Savings Calculations
Example: A Savings Account
If you deposit 2,000 in a savings account that pays 7.2% annual interest compounded
annually, and make no other deposits to the account, how long will it take for the account to
grow to 3,000?
Table 6-7 Calculating the final amount
Keys Display Description
\}Ì
-1,424.06 Rounds payment to two decimal
places, then stores.
YgÙ
48.00 Stores four year term (12 × 4)
that you expect to own house.
É
-163,388.39 Calculates loan balance after
four years.
1vÌ4
-164,812.45
Calculates the total 48
th
payment (PMT and FV) to pay
off the loan (money paid out is
negative).

HP 10bII+ Specifications

General

Memory registers	22
Keyboard type	Numeric
Battery type	CR2032
Auto power off	Yes
Battery technology	Lithium
Number of batteries supported	2
Type	Financial
Form factor	Pocket
Product color	Black
Digits	- digits
Display tilting	No
Display size (HxV)	63.5 x 16 mm
Display number of lines	1 lines
Display number of characters	12

Weight and Dimensions

Weight	85 g
Dimensions (WxDxH)	80.9 x 14 x 145 mm