# HP 10bII Quick Reference Manual page 2

Financial calculator
Also See for 10bII:

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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?
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.

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.
Number of periods per year (default is 12).
J
Cash flows, up to 15 ( j is the cash flow number).
Ha
Number of consecutive times cash flow j occurs.
HW
Internal rate of return per year.
Hl
Net present value.
6HH H[DPSOH RQ SDJH 

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.
th
Amortize the 20
payment of the loan.
20N

Enters period to amortize.
H!
 ± 
Displays period to
amortize.
=
±
Displays principal.
=
±
Displays interest. (Money
paid out is negative.)
=
 
Displays balance.
6HH H[DPSOH RQ SDJH 

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.
12H¢

Sets payments per year.
40000FJ
± 
Enters initial outflow.
4700J
 
Enters first cash flow.
7000J
 
Enters second cash flow.
2Ha

Enters number of consecu-
tive times cash flow occurs.
23000J
 
Enters third cash flow.
HW

Calculates IRR/YR.
¤12=

Calculates IRR per month.
What is the NPV if the discount rate is 10%?
10L

Enters I/YR.
Hl

Calculates NPV.

st
th
Amortize the 1
through 12
loan payments.
1N12
B
Enters range of periods to amortize.
H!
 ± 
Displays range of payments.
=
±
Displays principal.
=
± 
Displays interest.
 
Displays balance.
=
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&
Nominal interest percent.
Hx
Effective interest percent.
Periods per year.
6HH H[DPSOH RQ SDJH 

Clear statistical registers.
number
Enter one-variable statistical data.
_
number
H^
Delete one-variable statistical data.
number1
number2
Enter two-variable statistical data.
N
_
number1
N
number2
Delete two-variable statistical data.
H^
Means of x and y.
Hc
Mean of x weighted by y.
Sample standard deviations of x and
y.
Population standard deviations of x
and y.
y-value
Estimate of x and correlation
coefficient.
x-value
HR
Estimate of y.