HP 17bII+ Instruction Manual
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Also See for 17bII+:
- Owner's manual (140 pages) ,
- Quick start manual (39 pages) ,
- Instruction manual (7 pages)
Related Manuals for HP 17bII+
Summary of Contents for HP 17bII+
- Page 1 HP 17bII+ Time-Value-of-Money The Five Variables Learning Strategy Payments per Year "Begin" Versus "End" Getting the Direction Right Practice Problems Logic and Repetition...
- Page 2 HP 17bII+ Time-Value-Of-Money One of the wonderful features of your HP 17bll+ is its ability to quickly calculate financial variables used in compounding and discounting in a way that is easy to follow and therefore understandable. In learning how to do these calculations, it is important for you to see what the five variables are that can be used in financial calculations and how they relate to one another.
- Page 3 HP 17bII+ Time-Value-Of-Money LEARNING STRATEGY: We have tried to give you a little bit of an idea what to expect from each of these financial registers. You will start to feel comfortable with them when we get into our practice problems. That way you can see just how each register is used. Try, if you can, to follow the logic of what we do in these problems.
- Page 4 You have told your HP 17bll+ all the information it needs to solve for what you will have in this savings account after 3 years.
- Page 5 HP 17bII+ Time-Value-Of-Money The Keystrokes Let’s put all the keystrokes below in one spot so that you can see everything in a single operation as follows: 5000 I%YR At this point you have all the information in for the calculator to solve the problem.
- Page 6 HP 17bII+ Time-Value-Of-Money And re-solve for the monies that will now be in the savings account after three years: Answer: 7,545.44 Getting the Cash Flow Direction Wrong Before we leave this problem, take a look at what would happen if we made an error in the direction of the cash flow.
- Page 7 12 payments per year. Your HP 17bll+ has all the information it needs to solve for the loan payment that will pay back this loan. Just hit ‘PMT.’ You should have -$1,995.91.
- Page 8 HP 17bII+ Time-Value-Of-Money shown as a negative, remember, from the borrower’s point of view. Solve for the loan amount by pressing ‘PV.’ The answer is the borrower could get a loan of $225,461.35 The Keystrokes 1500 Answer: 225,461.35...
- Page 9 HP 17bII+ Time-Value-Of-Money factor of three years with these keystrokes: That replaces the 60 months in the ‘N’ register that we needed to calculate the loan payment at the outset with the 36 months we need now to figure out the loan balance. All that is left to do is to ask what that balance will be three years into the future.
- Page 10 And recall what we said at the outset that if you can follow the logic of why numbers are going in the registers they do, you will master the use of these applications with your HP 17bll+. Confidence will come as you give yourself the practice you need in the use of these registers.