17bII+ Financial Calculator Owner’s Manual Edition 2 Part Number F2234-90020...
Hewlett-Packard Company, except as allowed under the copyright laws. The programs that control your calculator are copyrighted and all rights are reserved. Reproduction, adaptation, or translation of those programs without prior written permission of Hewlett-Packard Co. is also prohibited.
Welcome to the hp 17bII+ The hp 17bII+ is part of Hewlett-Packard’s new generation of calculators: The two-line display has space for messages, prompts, and labels. Menus and messages show you options and guide you through problems. Built-in applications solve these business and financial tasks: Time Value of Money.
Contents List of Examples Important Information Getting Started Power On and Off; Continuous Memory Adjusting the Display Contrast Setting the Language What You See in the Display The Shift Key ( Backspacing and Clearing Doing Arithmetic Keying in Negative Numbers ( Using the Menu Keys The MAIN Menu Choosing Menus and Reading Menu Maps...
Error Messages Modes Calculator Memory ( Arithmetic The Calculator Line Doing Calculations Using Parentheses in Calculations The Percent Key The Mathematical Functions The Power Function (Exponentiation) The MATH Menu Saving and Reusing Numbers The History Stack of Numbers Reusing the Last Result (...
Cash Flow Diagrams and Signs of Numbers Creating a Cash-Flow List Entering Cash Flows Viewing and Correcting the List Copying a Number from a List to the Calculator Line Naming and Renaming a Cash-Flow List Starting or GETting Another List...
The SUM Menu Creating a SUM List Entering Numbers and Viewing the TOTAL Viewing and Correcting the List Copying a Number from a List to the Calculator Line Naming and Renaming a SUM List Starting or GETting Another List Clearing a SUM List and Its Name...
The Time Menu Setting the Time and Date (SET) Changing the Time and Date Formats (SET) Adjusting the Clock Setting (ADJST) Appointments (APPT) Viewing or Setting an Appointment (APT1-APT10) Acknowledging an Appointment Unacknowledged Appointments Clearing Appointments Date Arithmetic (CALC) Determining the Day of the Week for Any Date Calculating the Number of Days between Dates Calculating Past or Future Dates The Equation Solver...
How the Solver Works Halting and Restarting the Numerical Search Entering Guesses Printing The Printer’s Power Source Double-Space Printing Printing the Display( Printing Other Information ( Printing Variables, Lists, and Appointments (LIST) Printing Descriptive Messages (MSG) Trace Printing (TRACE) How to Interrupt the Printer Additional Examples Loans Simple Annual Interest...
Assistance, Batteries, Memory, and Service Obtaining Help in Operating the Calculator Answers to Common Questions Power and Batteries Low-Power Indications Installing Batteries Managing Calculator Memory Resetting the Calculator Erasing Continuous Memory Clock Accuracy Environmental Limits Determining If the Calculator Requires Service...
Odd-Period Calculations Advance Payments Modified Internal Rate of Return Menu Maps RPN: Summary About RPN About RPN on the hp 17bII+ Setting RPN Mode Where the RPN Functions Are Doing Calculations in RPN Arithmetic Topics Affected by RPN Mode Simple Arithmetic Calculations with STO and RCL Chain Calculations－No Parentheses!
Reusing Numbers Chain Calculations Exercises RPN: Selected Examples Error Messages Index Contents File name : English-M02-1-040308(Print).doc Print data : 2004/3/9...
List of Examples The following list groups the examples by category. Getting Started Using Menus Using the Solver Arithmetic Calculating Simple Interest Unit Conversions Simple Interest at an Annual Rate (RPN example on page 276) General Business Calculations Percent Change Percent of Total Markup as a Percent of Cost Markup as a Percent of Price...
An Individual Retirement Account Calculating a Lease Payment Present Value of a Lease with Advanced Payments and Option to Buy Displaying an Amortization Schedule for a Home Mortgage Printing an Amortization Schedule Calculations for a Loan with an Odd First Period Discounted Mortgage APR for a Loan with Fees (RPN example on page 276)
Bonds and Notes Price and Yield of a Bond A Bond with a Call Feature A Zero-Coupon Bond Yield to Maturity and Yield to Call Price and Yield of a Discounted Note Depreciation Declining-Balance Depreciation ACRS Deductions Partial-Year Depreciation Running Total and Statistical Calculations Updating a Checkbook Mean, Median, and Standard Deviation Curve Fitting...
C (the gold-edged pages). Before doing any time-value-of-money or cash-flow problems, refer to pages 64 and 92 to learn how the calculator uses positive and negative numbers in financial calculations. For a deeper treatment of specific types of calculations, refer to chapter 14, “Additional Examples.”...
(note OFF printed above the key). Since the calculator has Continuous Memory, turning it off does not affect the information you’ve stored there. To conserve energy, the calculator turns itself off after 10 minutes of no use. If you see the low battery symbol ( should replace the batteries as soon as possible.
What You See in the Display Menu Labels. The bottom line of the display shows the menu labels for each of the six major menus (work areas) in the calculator. More about these later in this chapter. The Calculator Line. The calculator line is where you see numbers (or letters) that you enter, and the results of calculations.
Alarm going off (or past due). (page 147) (that is, first , then , then pressing turns the calculator off. ). This symbol stays on by mistake, just press 1: Getting Started Print data : 2004/3/9 Batteries low. (page 224)
<< < In addition, there are more drastic clearing operations that erase more information at once. Refer to “Resetting the Calculator” on page 228 in appendix A. 1: Getting Started File name : English-M02-1-040308(Print).doc Description clears <...
Doing Arithmetic The “ ” in the margin is a reminder that the example keystrokes are for ALG mode. This is a brief introduction to doing arithmetic. More information on arithmetic is in chapter 2. Remember that you can erase errors by pressing <...
Using the Menu Keys The calculator usually displays a set of labels across the bottom of the display. The set is called a menu because it presents you with choices. The MAIN menu is the starting point for all other menus.
Menu Labels Menu Keys The top row of keys is related to the labels along the bottom of the display. The labels tell you what the keys do. The six keys are called menu keys; the labels are called menu labels. The MAIN Menu The MAIN menu is a set of primary choices leading to other menu options.
Table 1-3. The MAIN Menu Menu Label (Finance) (Business Percentages) (Statistics) (Time Manager) (Equation Solver) (Currency Exchange) 1: Getting Started File name : English-M02-1-040308(Print).doc Operations Done in This Category TVM: Time value of money: loans, savings, leasing, amortization.
Choosing Menus and Reading Menu Maps Below is a menu map illustrating one possible path through three levels of menus: from the MAIN menu to the BUS menu to the MU%C (markup as a percent of cost) menu. There are no menus that branch from the MU%C menu because the MU%C menu is a final destination—you use it to do calculations, rather than to choose another menu.
index and examine the menu maps in appendix C. Displaying the MU%C menu: Step 2. To display the MAIN menu, press start from a known location on the menu map. Step 3. Press Step 4. Press Using the MU%C menu: Step 5.
Notice that the two calculations use the same three variables; each variable can be used both to store and calculate values. These are called built-in variables, because they are permanently built into the calculator. File name : English-M02-1-040308(Print).doc Store 4.60 Store 4.10...
For example, To transfer a value to another menu, do nothing if it is displayed (that is, it is in the calculator line). A number in the calculator line remains there when you switch menus. To transfer more than one value from a menu, use storage registers.
This chapter has introduced some of the built-in menus the calculator offers. But if the solution to a problem is not built into hp 17bII+ , you can turn to the most versatile feature of all: the Equation Solver. Here you define your own solution in terms of an equation.
Typing Words and Characters: the ALPHAbetic Menu The ALPHAbetic menu is automatically displayed when you need it to type letters and characters. The ALPHA menu also includes characters not found on the keyboard: Uppercase letters. Space. Punctuation and special characters. Non-English letters.
Displays the ALPHA menu again. Keyboard Backspaces and erases the character before the cursor. Clears the calculator line. Calculating the Answer (CALC) After an equation is input, pressing customized menu to go with the equation. Menu labels for your variables Each of the variables you typed into the equation now appears as a menu label.
Calculate the cost of carpet needed to cover a 9’ by 12’ room. The carpet costs $22.50 per square yard. Starting from the MAIN menu (press Keys: Display: 22.5 ...
(12 digits maximum). Internal Precision Changing the number of displayed decimal places affects what you see, but does not affect the internal representation of numbers. The number inside the calculator always has 12 digits. You see only these digits in 2...
Rounding a Number function rounds the number in the calculator line to the number of displayed decimal places. Subsequent calculations use the rounded value. Starting with two displayed decimal places: Keys: Display: 5.787 ...
Error Messages Sometimes the calculator cannot do what you “ask”, such as when you press the wrong key or forget a number for a calculation. To help you correct the situation, the calculator beeps and displays a message. Press to clear the error message.
Refer to “Managing Calculator Memory” on page 227 in appendix A. The calculator also allows you to erase at once all the information stored inside it. This procedure is covered in “Erasing Continuous Memory” on page 229.
ALG mode. The Calculator Line The calculator line is the part of the display where numbers appear and calculations take place. Sometimes this line includes labels for results, such as . Even in this case you can use the number for a calculation.
File name : English-M02-1-040308(Print).doc key acts like the key by displaying the 456 - 75 × 18.5 85 -12 , the calculator would calculate the Description: No calculation is done. Calculates 85 − 12. Calculates 30 / 73. Calculates 0.41x 9. 2: Arithmetic...
Note that you must include a imply multiplication. The Percent Key key has two functions: Finding a Percentage. In most cases, The one exception is when a plus or minus sign precedes the number. (See “Adding or Subtracting a Percentage,” below.) For instance, 25 results in ...
Table 2-1. Shifted Math Functions Keys: Display: 47.2 The Power Function (Exponentiation) The power function, the following number. Keys: Display: File name : English-M02-1-040308(Print).doc Description reciprocal square root square Description: Reciprocal of 4. Calculates Calculates 4.47 + 47.20.
SUM you might want to use a MATH function. Just press , then perform the calculation. Pressing to SUM. The MATH result remains in the calculator line. Remember, however, that you must exit MATH before you resume using SUM. 2: Arithmetic File name : English-M02-1-040308(Print).doc...
Saving and Reusing Numbers Sometimes you might want to include the result of a previous calculation in a new calculation. There are several ways to reuse numbers. The History Stack of Numbers When you start a new operation, the previous result moves out of the display but is still accessible.
Reusing the Last Result ( key copies the last result—that is, the number just above the calculator line in the history stack—into a current calculation. This lets you reuse a number without retyping it and also lets you break up a complicated calculation.
(in the MU%C menu) stores the rightmost number from the display into the variable M%C. M%C into the calculator line. If there is an expression in the display (such as ), then the recalled number replaces only the last number.
You can also do arithmetic with the values stored in variables. For example, contents of M%C by 2 and stores the product in M%C. Scientific Notation Scientific notation is useful when working with very large or very small numbers. Scientific notation shows a small number (less than 10) times 10 raised to a power.
Range of Numbers The largest positive and negative numbers available on the calculator are ± 9.99999999999 x 10 ; the smallest positive and negative numbers available are ± 1 x 10 –499 2: Arithmetic File name : English-M02-1-040308(Print).doc Print data : 2004/3/9...
Percentage Calculations in Business The business percentages (BUS) menu is used to solve four types of problems. Each type of problem has its own menu. %CHG %TOTL Table 3-1. The Business Percentages (BUS) Menus Menu Percent change The difference between two numbers (OLD and ...
The calculator retains the values of the BUS variables until you clear them by pressing the %CHG menu clears OLD, NEW, and %CH. To see what value is currently stored in a variable, press label. This shows you the value without recalculating it.
90000 95000 What would this year’s sales have to be to show a 12% increase from last year? OLD remains 90,000, so you don’t have to key it in again. Just enter %CH and ask for NEW. ...
Markup as a Percent of Cost (MU%C) Example. The standard markup on costume jewelry at Balkis’s Boutique is 60%. The boutique just received a shipment of chokers costing $19.00 each. What is the retail price per choker? Keys: Display: ...
%CHG %TOTL The calculator keeps track of the values you key in according to those labels. For example, if you key in COST and PRICE in the MU%C menu, exit to the BUS menu, and then display the MU%P menu, the calculator retains those values.
Currency Exchange Calculations The CURRX menu does currency exchange calculations between two currencies using an exchange rate that you calculate or store. The CURRX Menu To display the currency exchange menu from the MAIN menu, press Currency #1 is US$ (U.S Dollar) 4: Currency Exchange Calculation File name : English-M02-1-040308(Print).doc...
Table 4-1. The CURRX Menu Menu Key curr1 Current currency#1;stores or calculates the number of units of this currency. curr2 Currency currency#2;stores or calculates the number of units of this currency. Stores or calculates the exchange rate between the two current currencies.
Table 4-2. Currencies United States Austria, of America Belgium, (Dollars) Germany, Spain, Finland, France, Switzerland Israeli (Francs) (New Shekel) Russia Argentina (Rouble) South Africa (Band) Saudi Arabia (Riyals) Bolivia Chile, Hong Kong (Dollars) Colombia,...
Entering a Rate The following two examples illustrate the two ways to enter an exchange rate. Example: Calculating an Exchange Rate. You have just flown from Canada to United States, and you need to exchange your Canadian Dollars for U.S Dollars. The conversion chart looks this : United States Conversion Chart (in US$) Currency Euro (EUR€)
0.6584 Part 2: The following keystrokes show that you can reverse the order in which the two currencies are selected. Keys: Display: Select US$ as currency #1 ...
Converting Between Two Currencies Once the currencies are selected and a RATE has been entered, you can convert any number of units of one currency to the other. Example : Converting between Hong Kong and U.S Dollars. Part 1: Use the exchange rate stored in the previous example to calculate how many U.S dollars you would receive for 3,000 Hong Kong Dollars.
Recalling Sets of Currencies. To recall a stored set of currencies and their exchange rate, press , followed by the appropriate menu key. The hp 17bII+ automatically returns to the CURRX menu. The equivalency message and menu labels show the recalled currencies and RATE. Clearing the Currency Variables...
Time Value of Money The phrase time value of money describes calculations based on money earning interest over a period of time. The TVM menu performs compound-interest calculations and calculates (and prints) amortization schedules. In compound interest calculations, interest is added to the principal at specified compounding periods, thereby also earning interest.
The time value of money (TVM) menu does many compound-interest calculations. Specifically, you can use the TVM menu for a series of cash flows (money received or money paid) when: The dollar amount is the same for each payment. The payments occur at regular intervals. The payment periods coincide with the compounding periods.
Table 5-1. TVM Menu Labels Menu Label Stores (or calculates) the total number of payments or compounding periods. monthly payments, N＝12 x 30＝360.) Shortcut for N: Multiplies the number in the display by P/YR, and stores the result in N. (If P/YR were 12, then Stores (or calculates) the nominal annual interest rate ...
Sets End mode: payments occur at the end of each period. Typical for loans and investments. Accesses the amortization menu. See page 78. The calculator retains the values of the TVM variables until you clear them by pressing pressing clears N, I%YR, PV, PMT, and FV.
(receipts) as positive. Perform a calculation from the point of view of either the lender (investor) or the borrower, but not both! (Loan) Money re- ceived is a positive number Money paid out is a negative number Figure 5-3. A Cash Flow Diagram for a Loan from Borrower’s Point of View (End Mode) Loan Figure 5-4.
Payments occur at either the beginning of each period or the end of each period. End mode is shown in the last two figures; Begin mode is shown in the next figure. Capitalized value of lease Figure 5-5. Lease Payments Made at the Beginning of Each Period (Begin Mode) Using the TVM Menu First draw a cash-flow diagram to match your problem.
4. Store the values you know. (Enter each number and press its menu key.) 5. To calculate a value, press the appropriate menu key. You must give every variable—except the one you will calculate—a value, even if that value is zero. For example, FV must be set to zero when you are calculating the periodic payment (PMT) required to fully pay back a loan.
Keys: Display: 10.5 7250 1500 To calculate the interest rate that reduces the payment by $10, add 10 to reduce the negative PMT value.
Keys: Display: Clears history stack and 11.5 & 12000 Example: A Mortgage with a Balloon Payment. You’ve taken out a 25-year, $75,250 mortgage at 13.8% annual interest.
75 ,250 The problem is done in two steps: 1. Calculate the monthly payment without the balloon (FV=0). 2. Calculate the balloon payment after 4 years. Keys: Display: Clears history stack and ...
Step 2. Calculate the balloon payment after 4 years. 894.33 & Savings Calculations Example: A Savings Account. You deposit $2,000 into a savings account that pays 7.2% annual interest, compounded annually. If you make no other deposits into the account, how long will it take for the account to grow to $3,000? Since this account has no regular payments (PMT=0), the payment mode (End or Begin) is irrelevant.
Keys: Display: Clears history stack and 2000 & 3000 There is no conventional way to interpret results based on a non-integer value (5.83) of N.
2) finding the present value (capitalized value) of a lease. Leasing calculations typically use “advance payments”. For the calculator, this means Begin mode because all payments will be made at the beginning of the period. If there are two payments in advance, then one payment must be combined with the present value.
13500 & 7500 Example: Present Value of a Lease with Advance Payments and Option to Buy. Your company is leasing a machine for 4 years. Monthly payments are $2,400 with two payments in advance. You have an option to buy the machine for $15,000 at the end of the leasing period.
Keys: Display: Clears history stack and Step 1: Find the present value of the monthly payments. 2400 & ...
Step 4: Add the results of step 2 and 3. Amortization (AMRT) The AMRT menu (press following values: The loan balance after the payment(s) are made. The amount of the payment(s) applied toward interest. The amount of the payment(s) applied toward principal. I%YR P/YR File name : English-M02-1-040308(Print).doc...
Table 5-2. AMRT Menu Labels Menu Label Stores the number of payments to be amortized, and calculates an amortization schedule for that many payments. Successive schedules start where the last schedule left off. #P can be an integer from 1 through 1,200.
2. Store the values for I%YR , PV, and PMT. (Press negative number.) If you need to calculate one of these values, follow the instructions under “Using the TVM Menu,” on page 66. Then go on to step 3. 3. Press ...
To calculate a subsequent schedule with a different number of payments, key in that number and press To start over from payment #1 (using the same loan information), press and proceed from step 7. Example: Displaying an Amortization Schedule. To purchase your new home, you have taken out a 30-year, $65,000 mortgage at 12.5% annual interest.
Printing an Amortization Table (TABLE) To print an amortization schedule (or “table”) do steps 1 through 5 for displaying an amortization schedule (see page 78). 6. Press . Ignore the message . 7. Press 8.
File name : English-M02-1-040308(Print).doc The 72nd is the last payment in year 6. Each table entry represents 12 payments (1 year).
Interest Rate Conversions The interest conversion (ICNV) menu converts between nominal and effective interest rates. To compare investments with different compounding periods, their nominal interest rates are converted to effective interest rates. This allows you, for example, to compare a savings account that pays interest quarterly with a bond that pays interest semiannually.
The ICNV Menu NOM% EFF% The ICNV menu converts between nominal and effective interest rates, using either: Periodic compounding; for example, quarterly, monthly, or daily compounding. Continuous compounding. Converting Interest Rates To convert between a nominal annual interest rate and an effective annual interest rate that is compounded 1.
To convert between a nominal annual interest rate and an effective annual interest rate that is compounded 1. Press 2. Press for “continuous”. 3. To convert to the effective rate, key in the nominal rate and press ...
6.65 The calculations show that bank #3 is offering the most favorable interest rate. Compounding Periods Different from Payment Periods The TVM menu assumes that the compounding periods and the payment periods are the same.
interest rate in the TVM menu. (You can also use TVM if PMT = 0, regardless of the compounding periods.) 1. Call up the periodic interest-rate conversion menu ( 2. Calculate the effective annual interest rate from the nominal annual interest rate given by the bank.
Calculates equivalent nominal interest rate for monthly compounding. Switches to TVM menu; NOM% value is still in calculator line. Stores adjusted nominal interest rate in I%YR. Sets 12 payments per year; Begin mode. 6: Interest Rate Conversions Print data : 2004/3/9...
& If the interest rate were the unknown, you would first do the TVM calculation to get I%YR (5.01). Then, in the ICNV PER menu, store 5.01 as NOM% and 12 as P for monthly compounding. Calculate EFF% (5.13).
The net present value (NPV), net uniform series (NUS), and net future value (NFV) for a specified periodic interest rate (I%). You can store many separate lists of cash flows. The maximum number depends on the amount of available calculator memory. The CFLO menu ICNV...
Turns the prompting for #TIMES on and off. To see the calculator line when this menu is in the display, press once. (This does not affect number entry.) To see this menu when the calculator line is in the display, press...
Money received is a positive number Time periods Money paid out is a negative number Figure 7-1. Cash Flows (Ungrouped) The horizontal timeline is divided into equal compounding periods. The vertical lines represent the cash flows. For money received, the line points up (positive);...
1 through 5, and $200 at the end of periods 6 through 8. The investment returns $1,950 at the end of period 9. For every cash flow you enter, the calculator prompts you to indicate how many times (#TIMES) it occurs.
Entering Cash Flows To enter cash flows into a CFLO list: 1. Press list is empty, or or more if the list is not empty. This is the bottom of the current list. 2. If the list is not empty, you can do either a or b: Clear the list by pressing Get a new list by pressing named first.
To change #TIMES, key in the number and press 7. Continue entering each cash flow and, for grouped flows, the number of times it occurs. The calculator recognizes the end of the list when a flow is left blank (no value is entered).
The #TIMES prompting is usually on, because it is automatically turned on whenever you clear or get a cash-flow list. Example: Entering Cash Flows. Enter the following ungrouped cash flows in a list and find the percentage internal rate of return (IRR). $－500 Keys: Display:...
Deleting Cash Flows from a List. Pressing current flow and its #TIMES. Copying a Number from a List to the Calculator Line To copy a number from the list into the calculator line, use display the number, then press Naming and Renaming a Cash-Flow List A new list has no name.
The name can be up to 22 characters long and include any character except:＋ － x ÷ ( ) < > : = space But only the first three to five characters (depending on letter widths) of the name are used for a menu label. Avoid names with the same first characters, since their menu labels will look alike.
To remove just one value at a time from a list, use Cash-Flow Calculations: IRR, NPV, NUS, NFV Once you have entered a list of cash flows, you can calculate the following values in the CALC menu. Sum (TOTAL). Internal rate of return (IRR%). This is a periodic rate of return. To calculate an annual nominal rate when the period is not a year, multiply the IRR% by the number of periods per year.
(2) the sum (TOTAL) of the cash flows is positive. Remember that the calculator determines a periodic IRR%. If the cash flows occur monthly, then IRR% is a monthly value, too. Multiply it by 12 for an annual value.
Example: Calculating IRR and NPV of an Investment. An investor makes an initial investment of $80,000, and expects returns over the next five years as illustrated below. 5,000 80,000 (Initial flow) Calculate the total of the cash flows and the internal rate of return of the investment.
Changes cash flow #4 to File name : English-M02-1-040308(Print).doc Prompts for next cash flow. Calculator line shows last number entered. Stores $5,000 for FLOW(1), prompts for next flow. Stores FLOW(2). Stores FLOW(3). Stores FLOW(4). Stores final cash flow and shows end of list.
Example: An Investment with Grouped Cash Flows. You are considering an investment that requires a cash outlay of $9,000, with the promise of monthly cash flows as shown. Calculate IRR%. Also find NPV and NFV at an annual interest rate of 9%. $ _ 9,000 Since some of these cash flows are grouped (consecutive and equal), the #TIMES prompting must be on so you can specify a number other...
1000 1500 Example: An Investment with Quarterly Cash Returns. You have been offered an opportunity to invest $20,000. The investment returns quarterly payments over four years as follows: Year 1 Year 2...
Calculate the annual rate of return for this investment. (The prompting for #TIMES should be on.) Keys: Display: 20000 & 1000 2000 3000 ...
Doing Other Calculations with CFLO Data If you would like to do other calculations with cash flows besides those in the CALC menu, you can do so by writing your own Solver equations. There are Solver functions that can access data stored in CFLO lists, and there is a summation function that can combine all or part of the values stored in specific lists.
Bonds The BOND menu calculates the yield to maturity or price of a bond. It also calculates yield to call on a coupon date and accrued interest. You can specify the: Calendar basis: 30/360 or actual/actual (days per month/days per year).
Calculates the interest accrued from the last coupon-payment date until the settlement date, per $100 face value. The calculator retains the values of the BOND variables until you clear them by pressing Clearing sets CALL to 100 and all other variables to zero.
Doing Bond Calculations Remember that values in the BOND menu are expressed per $100 face value or as a percentage. A CALL value of 102 means that the bond will be worth $102 for every $100 of face value when called. Some corporate bonds in the United States use the convention that the price of the bond is set to 100 if the coupon rate equals the yield, whether or not the settlement date is a coupon date.
maturity, the CALL value must equal 100. (See step 3.) 8. To calculate a result, first press labels. Do either a or b: Key in the yield and press price. Key in the price and press yield. To calculate the accrued interest, press the seller is PRICE + ACCRU, that is: Calculating Fractional Values.
6.75 Suppose that the market quote for the bond is 88¼. What yield does it represent? 88.25 Example: A Bond with a Call Feature. What is the price of a 6% corporate bond maturing on March 3, 2022 and purchased on May 2, 2003 to yield 5.7%? It is callable on March 3, 2006 (a coupon date), at a value of 102.75.
5.022003 Stores maturity date. 3.032022 3.032006 102.75 Example: A Zero-Coupon Bond. Calculate the price of a zero-coupon, semi-annual bond using a 30/360 calendar basis.
Depreciation The DEPRC (depreciation) menu calculates depreciation values and remaining depreciable values one year at a time. The methods available are: Declining balance. Sum-of-the-years’ digits. Straight line. Accelerated Cost Recovery System. The DEPRC Menu ICNV CFLO BASIS SALV LIFE FACT% Pressing ...
Calculates the straight-line depreciation for the year. Displays the remaining depreciable value, RDV, after you have pressed The calculator retains the values of the DEPRC variables until you clear them by pressing File name : English-M02-1-040308(Print).doc Description ...
To see the value currently stored in a variable, press Doing Depreciation Calculations DB, SOYD, and SL Methods To calculate the depreciation for an asset: 1. Display the DEPRC menu: press 2. Define the characteristics of the asset: Key in the cost basis and press Key in the salvage value and press value, enter zero.
Example: Declining-Balance Depreciation. A metalworking machine, purchased for $10,000, is to be depreciated over 5 years. Its salvage value is estimated at $500. Find the depreciation and remaining depreciable value for each of the first 3 years of the machine’s life using the double-declining-balance method (200% of the straight-line rate).
The ACRS Method To calculate the amount of tax deduction under the U.S. Accelerated Cost Recovery System: 1. Display the DEPRC menu: press 2. Enter the cost basis of the asset and press 3. The Internal Revenue Service publishes tables that list the percentage of an asset’s basis that can be deducted each year of its prescribed life.
Partial-Year Depreciation When the acquisition date of an asset does not coincide with the start of the tax or fiscal year, then the amounts of depreciation in the first and last years are computed as fractions of a full year’s depreciation. Except in SL, the intermediate years are computed as sums of fractions.
Calendar Year 1 (Oct.-Dec.) 4 (Jan.-Sept.) Example: Partial-Year Depreciation. A movie camera bought for $12,000 has a useful life of 10 years with a salvage value of $500. Using sum-of-the-years’-digits depreciation for the fourth year. Assume the first depreciation year was 11 months long.
Running Total and Statistics The SUM menu stores and statistically analyzes sets of numbers. As you enter the numbers, the calculator displays their running total. Once you’ve entered the numbers into a list, you can: Calculate the mean, median, standard deviation, and range.
The SUM Menu CALC INSR TOTAL MEAN MEDN SORT The SUM menu creates lists of numbers and performs calculations with a SUM list. Table 10-1. SUM Menu Labels Menu Label Accesses the CALC menu to calculate the total, mean, median, maximum, sorting, and linear regression (including weighted mean and summation statistics).
Remember that you can do calculations with a number before entering it. This does not interfere with the list. Whenever you press I , the number (or evaluated expression) in the calculator line is entered into the list. If you need to use the MATH menu, just press to return to where you were in SUM.
4. To enter ITEM(2), key in the value and press ITEM(3) and the new, updated total appear. 5. Continue entering values for ITEM(3), ITEM(4), etc. The calculator recognizes the end of the list when an item is left blank (no value is entered).
Deleting Numbers from a List. Pressing item. Example: Updating a Checkbook. On May 31, your checking account balance was $267.82. The transactions for the first 10 days in June are: Date Transaction Balance Deposit Check Check Update the checkbook by calculating the running balance. Keys: Display: ...
Copying a Number from a List to the Calculator Line To copy a number from the list into the calculator line, use display the number, then press Naming and Renaming a SUM List A new list has no name. You may name it before or after filling the list, but you must name it in order to store another list.
Starting or GETting Another List When you press To start a new list or switch to a different one, the current list must be named or cleared. If it is named, then: 1. Press . The GET menu contains a menu label for each named list plus ...
The calculator finds the sample standard deviation. The formula assumes that the list of numbers is a sampling of a larger, complete set of data. If the list is, in fact, the entire set of data, the true population standard deviation can be computed by calculating the mean of the original list, placing that value into the list, and then calculating the standard deviation.
Phone Month Expense 1. May $340 2. June $175 3. July $450 Calculate the mean, median, and standard deviation of the monthly phone bills. Then display the smallest value in the list. Keys: Display: ...
Calculations with Two Variables (FRCST) The FRCST menu does the following two-variable calculations using two SUM lists: Fits x- and y-data to a linear, logarithmic, exponential, or power curve. Forecasts estimated values based on that curve. Finds the weighted mean and grouped standard deviation.
TOTAL MEAN x-list MODL After pressing lists—one for the x-variable and one for the y-variable. The two lists must have the same number of items. File name : English-M02-1-040308(Print).doc CALC MEDN STDEV RANGE MORE SORT FRCST MORE (select x and y) y-list CORR W.MN...
Table 10-3. FRCST Menu Labels Menu Label list name for x-variable list name for y-variable For the non-linear models, the calculation uses the transformed data values. 132 10: Running Total and Statistics File name : English-M02-1-040308(Print).doc Description These specify the two lists of data to be...
Curve Fitting and Forecasting Curve fitting is a statistical method for finding a relationship between two variables, x and y. Based on this relationship, you can estimate new values of y based on a given x-value, and vice-versa. Each SUM list holds the numbers (data values) for one variable.
To do curve fitting and forecasting : 1. Enter the data into two SUM lists: one for the x-values and one for the y-values. Make sure each list has the same number of items so that the items are in matched pairs. 2.
Number of Minutes Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 BJ’s wants to determine whether there is a linear relationship between the amount of radio advertising and the weekly sales. If a strong relationship exists, BJ’s wants to use the relationship to forecast sales. A graph of the data looks like this: 3,000 2,000...
Keys: Display: MINUTES Now enter and name the second list. 1400 1100 2265 2890 2200 ...
The correlation coefficient calculated above is acceptable to BJ’s. Using the linear model, estimate what the level of sales would be if the business purchased 7 minutes of advertising time per week. ...
Weighted Mean and Grouped Standard Deviation Data in one list (x) can be weighted or grouped (by frequency) by data in another list (y). To find the mean of weighted data and the standard deviation of grouped data: 1. Enter the data values—the x-variable—into a SUM list. 2.
Summation Statistics The summation values are of interest if you want to perform other statistical calculations besides those provided by the calculator. To find Σ x, Σ x , Σ y, Σ y , Σ (xy), and n, the number of elements in either list: 1.
statistics for just one list of data, specify the same list for both x and y. 2. To see n, press 3. Press again to display the summation menu, and press the menu label for the value you want. Doing Other Calculations with SUM Data If you would like to do other statistical calculations with SUM data besides those in the CALC menu, you can do so by writing your own...
Time, Appointments, and Date Arithmetic The calculator contains a clock and calendar in the TIME menu. You can select a 12-hour or 24-hour clock, and a month-day-year or day- month-year calendar. You can: Record appointments that set alarms with optional messages.
The TIME Menu CALC APT1 Table 11-1. The TIME Menu Labels Menu Label Displays the CALC menu, for calculating the day of the week and other date arithmetic. Displays the APPT menu for setting and viewing appointments. Displays the ADJST menu for adjusting the clock setting.
Setting the Time and Date (SET) Table 11-2. The SET Menu Labels Menu Label Sets the date to the displayed number (MM.DDYYYY or DD.MMYYYY). Sets the time to the displayed number (HH.MMSS). Switches between AM and PM (12-hour clock). ...
Example: Setting the Date and Time. Set the date and time to April 5, 2003, 4:07 p.m. Keys: Display: 4.052003 time 4.07 xx Changing the Time and Date Formats (SET) Use the SET menu to change the time and date formats.
Appointments (APPT) You can record up to ten appointments, each with an alarm. An appointment can contain a message. You can also create repeating appointments—appointments that recur at regular intervals. APT1 DATE TIME A/PM MSG Viewing or Setting an Appointment (APT1-APT10) Table 11-3.
To set an appointment or view its current setting: 1. Press , then (numbered 1-10) are set and which are past due (expired with unacknowledged alarms). Pressing displays the status and menu labels for appointments 6 through 10. ...
( The message (or, if none, the time and date) is displayed. If the calculator is in the middle of a complex calculation when an appointment comes due, the alarm annunciator comes on and the calculator beeps once. When the calculation is done, the alarm goes off.
Unacknowledged Appointments An appointment not acknowledged during its alarm becomes past due. The alarm annunciator remains on. To acknowledge a past-due appointment: 1. Press 2. Press the menu key for the past-due appointment. 3. Press to return to the APPT menu. The acknowledged appointment is no longer listed as past due.
Table 11-4. CALC Menu Labels for Date Arithmetic Menu Label Stores or calculates a date. Also displays the day of the week. If you omit the year, the calculator uses the current year. Stores or calculates the number of actual days between DATE1 and DATE2 , recognizing leap years.
2. Key in the second date and press 3. Press using that calendar. Example: Calculating the Number of Days between Two Dates. Find the number of days between April 20, 2003 and August 2, 2040, using both the actual calendar and the 365-day calendar. Assume the date format is month/day/year.
3. Press This calculation always uses the actual calendar. Example: Determining a Future Date. On February 9, 2003, you purchase a 120-day option on a piece of land. Determine the expiration date. Assume the date format is month/day/year. Keys: Display: ...
The Equation Solver The Equation Solver (the SOLVE menu) stores equations that you enter and creates menus for them. You can then use those menus to do calculations. Enter Solver equations in algebraic form regardless of the calculation mode (ALG or RPN). The Solver can store many equations—the number and length of equations is limited only by the amount of memory available.
Regardless of how you do this calculation (even if you do it longhand), you are using an equation: Next Forecast = Old Forecast + Change in Old Forecast = Old Forecast + (Projected Percentage Changes xOld Forecast) NEXT = OLD + ((A% + B% + C%) ÷ 100 x OLD) Using the SOLVE and ALPHAbetic menus, you can type in this equation ...
Calculating with the Solver. Suppose last month’s forecast for a product was 2,000 units. In the meantime, three market changes have occurred that affect this forecast. A) The price of the product has dropped, causing an expected 20% increase in sales.
& Suppose your boss wants next month’s forecast to be 2,300 units. You can’t affect A% or C%, but you can affect B% through the sales training program. Determine what B% must be for NEXT to equal 2,300 units. All you need to do is re-enter the one value you are changing: Keys: Display:...
File name : English-M02-1-040308(Print).doc Description . (To insert the new entry at the bottom of the list, < to backspace or to bring up the ALPHA-Edit menu. the calculator displays: 12: The Equation Solver 157 Print data : 2004/3/9 to start...
Solver checks that the equation is mathematically valid. (However, the Solver has no way of checking whether the equation is the right one for your problem.) If the equation cannot be solved, the calculator briefly displays: ...
1. Store values in all but one of the variables (for example, 2000 , etc.). Remember that you can verify stored values by pressing menu label. 2. To start the calculation, press the menu key for the variable you want to calculate.
If you don’t name an equation initially, you can name it later using Type the name just as you type the rest of the equation. The calculator knows that whatever comes before the colon is not part of the equation.
COST variable in the MU%C and MU%P menus in BUS. To transfer values between built-in variables and Solver variables, store them into storage registers. Recall them after switching menus. Remember that the value in the calculator line stays there when you switch menus. Clearing Variables...
(See “Deleting All Equations or Variables in the Solver,” page 164.) Deleting Variables and Equations Each equation in the Solver list uses calculator memory to store 1) itself, and 2) its variables. Deleting a variable is quite different from clearing it: Clearing a variable sets it to zero;...
Deleting One Equation or Its Variables (DELET) To delete an equation or its variables: 1. Display the equation. 2. Press in the SOLVE menu. 3. To delete the equation, respond ...
For example, earlier (page 154) we used the equation Next Forecast＝Old Forecast + which was entered into the calculator as .
× could be entered as × What Can Appear in an Equation Long Equations. There is no limit on the length of an equation (or the number of variables it has) if there is enough memory to store it.
Parentheses. Do not use brackets or braces. Parentheses determine order, but do not imply multiplication. For example, the equation P (1－F) would be typed into the Solver as . The × sign must be inserted between ...
2. Using a Typing Aid Keys: Display: Solver Functions Here is a complete list of functions that you can include in Solver equations.
Table 12-2. Solver Functions for Equations Function ABS(x) ALOG(x) CDATE CTIME DATE(d1:n) DDAYS(d1:d2:cal) EXP(x) EXPM1(x) FACT(x) FLOW(CFLO-listname:flow#) FP(x) G(x) File name : English-M02-1-040308(Print).doc Description Absolute value of x. Common (base 10) antilogarithm; Current date. Current time. The date n days after (when n is positive) or before (when n is negative) date d1.
Table 12-2. Solver Functions for Equations (Continued) Function HMS(time) HRS(time) IDIV(x:y) IF(cond:expr :expr INT(x) INV(x) IP(x) ITEM(SUM-listname:item#) L(x:expr) LN(x) LNP1(x) LOG(x) MAX(x:y) MIN(x:y) MOD(x:y) RND(x:y) S(variable name) SGN(x) 170 12: The Equation Solver File name : English-M02-1-040308(Print).doc Description Converts time in decimal hours to HH.MMSS format.
Table 12-2. Solver Functions for Equations (Continued) Function Σ (cfr:c :s:expr) SIZEC(CFLO-listname) SIZES(SUM-listname) SPFV(i%:n) SPPV(i%:n) SQ(x) SQRT(x) #T( CFLO-listname:flow# ) TRN( x : y ) USFV( i% : n ) USPV( i% : n ) File name : English-M02-1-040308(Print).doc Description Summation of the algebraic expression expr for values of the counter ctr, stepping from c...
Example Using a Solver Function (USPV): Calculations for a Loan with an Odd First Period. Suppose an auto purchase is financed with a $6,000 loan at 13.5% annual interest. There are 36 monthly payments starting in one month and five days. What is the payment amount? Use the following formula when the time until the first payment is more than one month but less than two months.
Keys: Display: (type in equation as shown above) 6000 13.5 File name : English-M02-1-040308(Print).doc Description: Displays SOLVE menu and bottom of Solver list.
Conditional Expressions with IF Equations can include conditional expressions using the function IF. The syntax of the IF function is: IF conditional expression algebraic expression algebraic expression then For example, the solver accepts the equation: According to this equation, if SALES is greater than 3000, then the BONUS equals .02 ×...
Examples of Conditional Equations. = Means: If A is greater than 7 and is less than or equal to 15, then B ＝...
calculated and added to the sum. Thus the stored value of X is used to calculate X + 2 X + 3 X The following equation uses a variable as the ending value, 0 as the beginning value, and a step size of 2. ...
“Chi-Squared Statistics” in chapter 14 illustrates another use of the Σ function with SUM lists. Creating Menus for Multiple Equations (S Function) The S ( solving for ) function is used in conjunction with the IF function to group related equations together and to specify the criteria for choosing one of them to solve.
The Solver has two ways of finding an answer. First, it tries to find a direct solution by rearranging the equation and then solving for the variable. If the Solver finds a direct solution, the calculator displays the result. If the Solver is unable to find a direct solution, it tries to find the answer indirectly by iteration .
“Entering Guesses,” below. Case 4: The calculator displays . Check to see if your equation and stored values are correct. If the equation is correct, you might be able to find a solution by entering very good guesses.
Entering Guesses Entering your own guesses serves two purposes. First, it can save time by telling the Solver where to start searching. Second, if more than one solution exists, entering guesses may lead the Solver to a solution in a specified range.
Profit ＝ (Price × Quantity) － (Variable costs × Quantity) The C-Sharp Piano Corporation sells pianos for $6,000. Variable costs are $4,100; fixed costs per year are $112,000. How many pianos must C-Sharp sell this year in order to earn a profit of $130,000? (In past years, C-Sharp has had to sell between 100 and 200 pianos to make an acceptable profit.
Solves for QTY iteratively. 12: The Equation Solver 183 File name : English-M02-1-040308(Print).doc Print data : 2004/3/9...
Printing Other Information ( LIST The PRINTER menu provides the ability to print most of the information you’ve stored, including the contents of variables, lists, appointments, the history stack, registers, and the current date and time. You can also transmit descriptive notes to label the output. (To print amortization schedules, see “Printing an Amortization Table,”...
Printing the Values Stored in Variables. You can print a listing giving the values of all variables whose menu labels are displayed. For example, if the calculator is in the FIN TVM menu, it displays the labels ...
2. Type (and edit) the label or message. 3. Press to print out the label or message. Now print out the number itself (if it’s in the calculator line, press Trace Printing (TRACE) Trace printing produces a record of all the keys you’ve pressed and of calculated results.
4800 How to Interrupt the Printer Pressing a calculator key during a printing operation will interrupt transmission, but not immediately stop the printing. To stop the printer immediately, turn it off. File name : English-M02-1-040308(Print).doc again to display the ×...
Additional Examples Loans Simple Annual Interest See appendix F for RPN keystrokes for this example . Example: Simple Interest at an Annual Rate. Your good friend needs a loan to start her latest enterprise and has requested that you lend her $450 for 60 days.
For instructions on entering Solver equations, see “Solving Your Own Equations,” on page 29. If you know the dates for the course of the loan, rather than the number of days, use this for an actual-calendar basis: or use this for a 360-day basis: ...
3. Finally enter current values for N (less number of payment periods already passed, or 5 × 12－42) and PV (proposed purchase price, $79,000); then calculate I%YR for the annual yield. Step 1: Calculate PMT . Make sure FV = 0. Keys: Display: ...
Step 3: Enter actual, current values for N and PV ; then find new I%YR for discounted mortgage with balloon. Keys: Display: 79000 & Annual Percentage Rate for a Loan with Fees See appendix F for RPN keystrokes for the next two examples .
1. Since the payment amount is not given, calculate it ( PMT ) first. Use the given mortgage amount ( PV = $60,000) and interest rate ( I%YR = 2. To find the APR (the new I%YR ), use the PMT calculated in step 1 and adjust the mortgage amount to reflect the points paid (PV = $60,000 －...
calculate the monthly PMT = ( loan x 12%) ÷ 12 mos.) When calculating the I%YR , the FV (a balloon payment) is the entire loan amount, or $1,000,000, while the PV is the loan amount minus the points. Keys: Display: ...
first payment, and a 30-day month is assumed. A Solver Equation for Odd-Period Calculations: (For the character, press PV = the loan amount. I% = the periodic interest rate. DAYS = the actual number of days until the first payment is made. PMT = the periodic payment.
In Canadian mortgages, the compounding and payment periods are not the same. Interest is compounded semi-annually while payments are made monthly. To use the TVM menu in the hp 17bII+, you need to calculate a Canadian mortgage factor to store as I%YR .
2. Store 0 3. Add 200 to the annual interest rate, make the number negative, and store it in 4. Press to calculate the Canadian mortgage factor. 5. Continue the problem by supplying the other mortgage values and solving for the unknown item.
(For the operator press PV = loan amount, or present value. PMT = monthly payment amount. I%YR = annual (Canadian) interest rate as a percent. N = total number of payment periods for the life of the loan. FV = remaining balance, or future value. For instructions on entering Solver equations, see “Solving Your Own Equations,”...
I%YR = the annual interest rate as a percent. N = the total number of payments. #ADV = the number of advance payments. The following example assumes that you have entered the equation ADV, above, into the Solver. For instructions on entering Solver equations, see “Solving Your Own Equations,”...
1. Because the compounding periods and the withdrawal periods are not coincident, you must first convert the nominal interest rate to one in terms of the withdrawal periods. You can do this using the ICNV menu, as explained on page 87, “Compounding Periods Different from Payment Periods.”...
See appendix F for RPN keystrokes for this example . 202 14: Additional Examples File name : English-M02-1-040308(Print).doc Clears message to show NOM% value still in calculator line. Stores adjusted nominal interest rate in I%YR . Sets 4 payments (withdrawals) per year Begin mode.
Suppose you want to start saving now to accommodate a future series of cash outflows. An example of this is saving money for college. To determine how much you need to save each period, you must know when you’ll need the money, how much you’ll need, and at what interest rate you can invest your deposits.
$0 $0 Figure 14-1. Flow of Withdrawals Figure 14-2. Flow of Deposits Keys: Display: 204 14: Additional Examples File name : English-M02-1-040308(Print).doc 9.00 Description: Displays current cash-flow list and CFLO menu keys. Clears current list or gets a new one.
Step 1: Set up a CFLO list. 15000 15000 15000 15000 File name : English-M02-1-040308(Print).doc Sets initial cash flow, FLOW(0) , to zero.
Step 2: Calculate NUS for the monthly deposit. Keys: Display: Value of a Tax-Free Account See appendix F for RPN keystrokes for this example . You can use the TVM menu to calculate the future value of a tax-free or tax-deferred account, such as an IRA or Keogh account.
Example: Tax-Free Account. Consider opening an IRA account with a dividend rate of 8.175%. 1) If you invest $2,000 at the beginning of each year for 35 years, how much will you have at retirement? 2) How much will you have paid into the IRA? 3) How much interest will you have earned? 4) If your post-retirement tax rate is 15%, what is the after-tax future value of the account? Assume only the interest will be taxed.
& + R Value of a Taxable Retirement Account See appendix F for RPN keystrokes for this example . This problem uses the TVM menu to calculate the future value of a taxable retirement account that receives regular, annual payments beginning today (Begin mode).
Keys: Display: 8.175 3000 & Modified Internal Rate of Return When there is more than one sign change (positive to negative or negative to positive) in a series of cash flows, there is a potential for more than one IRR% .
a liquid account. The figure generally used is a short-term security (T-bill) or bank passbook rate. Positive cash flows are reinvested at a reinvestment rate that reflects the return on an investment of comparable risk. An average return rate on recent market investments might be used. 1.
Price of an Insurance Policy The price of an insurance policy, other than term life insurance, is rarely apparent at first glance. The price should include not only the premium payments, but also the interest that could have been earned on the cash value or savings portion of the policy.
Example: Insurance Policy. You are evaluating your $50,000 insurance policy. The premium of $1,010 is due at the beginning of the year, and a dividend of $165 is received at the end of the policy year. The cash value of the policy is $3,302 at the beginning of the year; it will grow to $4,104 by the end of the year.
Reference: Joseph M. Belth, Life Insurance—A Consumer’s Handbook , Indiana University Press, 1973, p. 234. Bonds Example: Yield to Maturity and Yield to Call. On March 16, 2003 you consider the purchase of a $1,000 bond that was issued on January 1, 2001.
Second, calculate the yield to call: Keys: Display: 1.012006 Discounted Notes A note is a written agreement to pay to the buyer of the note a sum of money plus interest. Notes do not have periodic coupons, since all interest is paid at maturity.
The following example assumes that you have entered the NOTE equations into the Solver. For instructions on entering Solver equations, see “Solving Your Own Equations,” on page 30. Example:Price and Yield of a Discounted Note. What are the price and yield of the following U.S. Treasury Bill: settlement date October 14, 2003;...
A Solver Equation for Moving Averages: name N = the number of values averaged in each calculation. LAST = the item number of the most recent value to be averaged. name = the name of the SUM list whose data will be averaged. When you create and name the SUM list, make sure its name matches the name in the Solver equation.
In other words, it tests whether discrepancies between the observed frequencies ( O ) and the expected frequencies ( E whether they might reasonably result from chance. The equation is: If there is a close agreement between the observed and expected frequencies, χ...
Number Frequency Observed Keystroke: Display: ( use if necessary ) The number of degrees of freedom is ( n –1)＝5. Consult statistical tables to find χ...
Assistance, Batteries, Memory, and Service Obtaining Help in Operating the Calculator Hewlett-Packard is committed to supporting users of HP calculators. You can obtain answers to your questions about using the calculator from our Calculator Support department. We suggest reading “Answers to Common questions,” below, before contacting us.
Q: How do I change the number of decimal places the calculator displays? A: The procedure is described in “Decimal Places” on page 34. Q: How do I clear all or portions of memory? clears the calculator line. clears the data lists or variables accessible from the current menu.
Q: The messages and the menu labels in the display are not in English. How do I restore the English? A: Models of the hp 17bII+ sold in many countries outside of the United States include a menu to select the language for messages and labels.
If you continue to use the calculator after the battery annunciator comes on, power can eventually drop to a level at which the calculator stops powering the display and keyboard. The calculator will require fresh batteries before it can be turned back on. When you turn the calculator on after fresh batteries have been installed, the calculator returns to the previous display if your stored data is intact.
. Put the batteries back in and turn the calculator on. You should see .
Managing Calculator Memory The calculator has approximately 30,740 units (or “bytes”) of user memory available. (This is separate from the system memory that stores all the unerasable information with which the calculator is manufactured.) The calculator displays if you attempt an operation that uses more memory than is currently available.
to confirm that reset has occurred. The calculator can reset itself if it is dropped or if power is interrupted. If the calculator still does not respond to keystrokes, use a thin, pointed object to press the reset hole near of the battery compartment.
Erasing Continuous Memory Erasing Continuous Memory is a way of freeing a large amount of memory so that you can use it for other things. In addition, the calculator is set to certain “default” settings. Clears the calculator line and history stack.
(104°F) maximum. Determining If the Calculator Requires Service Use these guidelines to determine if the calculator requires service. If it does, read “Service” on page 235. If the calculator won’t turn on: Attempt to reset the calculator (see page 228).
If the calculator responds to keystrokes but you suspect that it is malfunctioning: 1. Do the self-test (described below). If the calculator fails the self test, it requires service. If the calculator passes the self-test, it is quite likely you’ve made a mistake in operating the calculator.
Replacement products may be either new or like-new. HP warrants to you that HP software will not fail to execute its programming instructions after the date of purchase, for the period specified above, due to defects in material and workmanship when properly installed and used.
8. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services .
Service Europe Country : Austria Belgium Denmark Eastern Europe countries Finland France Germany Greece Holland Italy Norway Portugal Spain Sweden Switzerland Turkey Czech Republic South Africa Luxembourg Other European countries Asia Pacific Country : Australia Singapore L.America Country : Argentina Brazil A: Assistance, Batteries, Memory, and Service 235 File name : English-M02-1-040308(Print).doc...
Costa Rica N.America Country : U.S. Canada ROTC = Rest of the country Please logon to http://www.hp.com for the latest service and support information. 236 A: Assistance, Batteries, Memory, and Service File name : English-M02-1-040308(Print).doc Mx City 5258-9922; ROTC 01-800-472-6684...
This section contains information that shows how the hp 17bII+ Financial calculator complies with regulations in certain regions. Any modifications Hewlett-Packard could void the authority to operate the 17bII+ in these regions. This calculator generates, uses, and can radiate radio frequency energy and may interfere with radio and television reception.
In most cases, the calculator finds the desired answer, since there is usually only one solution to the calculation. However, calculating IRR% for certain sets of cash flows is more complex. There may be more than one mathematical solution to the problem, or there may be no solution.
To continue the calculation, you must store a guess. Case 5: The calculator displays: There is no answer. This situation might be the result of an error, such as a mistake in keying in the cash flows.
may be additional positive or negative answers, or no true solution at all. You can continue searching for other solutions by halting the calculation and entering a different guess. One way to obtain a good guess for IRR% is to calculate NPV for various interest rates ( I% ).
For certain equations, the unknown can be isolated, but an answer cannot be calculated with the values stored. Then the calculator displays: For example, if you enter an equation:...
( LEFT － RIGHT ) for each estimate, as shown. Since calculators cannot do calculations with infinite precision (the hp 17bII+ uses 12 digits in its calculations), sometimes the Solver will be unable to find an estimate where LEFT － RIGHT is exactly zero. However, the Solver can distinguish between situations where the current estimate could be a solution, and situations where no solution is found.
Case 1: The calculator displays an answer. This is very likely the true solution for the unknown variable. There are two situations in which the Solver returns a case 1 answer: Case la: LEFT －...
Case 2: The calculator displays the values of LEFT and RIGHT , which are unequal. To see the calculator’s result, press and RIGHT are relatively close to one another in value, the result is probably a true solution. Otherwise, the result is probably not a true solution.
Case 2c: have the same sign.. Case 3: The calculator displays: ...
The closer you can estimate the answer, the more likely that the Solver will find a solution. Case 4: The calculator displays: The Solver is unable to find a solution. Check your equation to make sure you have made no errors in entering it.
USFV i Percentage Calculations in Business (BUS) CHANGE TOTAL ＝ MARKUP C MARKUP P Time Value of Money (TVM) S = payment mode factor (0 for End mode; 1 for Begin mode). × ＝ Amortization ∑INT ＝ accumulated interest ∑PRIN ＝...
＝ ＝ USPV i TOTAL ＝ Bond Calculations Reference: Lynch, John J., Jr. and Jan H. Mayle, Standard Securities Calculation Methods, Securities Industry Association, New York, 1986. A ＝ accrued days, the number of days from beginning of coupon period to settlement date.
PRICE ＝ ∑ ＋ The “end-of-month” convention is used to determine coupon dates in the following exceptional situations. (This affects calculations for YLD%, PRICE, and ACCRU.) If the maturity date falls on the last day of the month, then the coupon payments will also fall on the last day of the month.
For the last year of depreciation, DB equals the remaining depreciable value for the prior year. Sum and Statistics n ＝ number of items in the list. x’ ＝ an element of the sorted list. TOTAL Σ ′ MEDIAN MEDIAN Σ...
Odd-Period Calculations DAYS × − × × Where: PV = loan amount i = periodic interest rate as a decimal DAYS = actual number of days until the first payment PMT = periodic payment amount N = total number of payments FV = balloon payment amount S = 1 if DAYS <...
Menu Maps The following maps show how to display each of the menus. There is a map for each menu label in the MAIN menu and for each menu found on the keyboard. The menu labels for variables are enclosed in boxes to illustrate how they are used: Variable used to store and calculate values.
CURRX CURR1 CURR2 RATE C.STO C.RCL SELCT Currencies Figure C-2. CURRX Menu C: Menu Maps 255 File name : English-M02-1-040308(Print).doc Print data : 2004/3/9...
NOM% EFF% CALC INSR TOTAL IRR% I%YR P/YR Figure C-3. FIN Menu 256 C: Menu Maps File name : English-M02-1-040308(Print).doc ICNV CFLO NOM% EFF% DELET NAME ＊NEW Names of Lists OTHER AMRT PRIN NEXT TABLE FIRST LAST INCR Print data : 2004/3/9...
BOND DEPRC BASIS SALV LIFE ACRS MORE SOYD MORE TYPE SETT MORE YLD% PRICE SEMI Figure C-3 (continued). FIN Menu C: Menu Maps 257 File name : English-M02-1-040308(Print).doc Print data : 2004/3/9...
CALC INSR DELET ALPHA-Edit menu* ALPHA menu* TOTAL MEAN MEDN y-list x-list CORR MODL W.MN Figure C-4. SUM Menu For the complete menu, see pages 30-31. 258 C: Menu Maps File name : English-M02-1-040308(Print).doc NAME TOTAL Names of lists RANG MORE SORT FRCST MORE...
TIME APPT CALC APT1 APT2 ...MORE ... A/PM MSG HELP TIME A/PM M/D 12/24 HELP 360D 365D DATE1 DAYS Figure C-5. TIME Menu For the complete menu, see pages 30-31. C: Menu Maps 259 File name : English-M02-1-040308(Print).doc Print data : 2004/3/9...
SOLVE CALC EDIT ALPHA-Edit menu* ALPHA menu* Figure C-6. SOLVE Menu DISP MATH MODES BEEP PRNT INTL PRINTER LIST REGS TIME TRACE Figure C-7. DSP, MATH, MODES, and PRINTER Menus For the complete menu, see pages 30-31. 260 C: Menu Maps File name : English-M02-1-040308(Print).doc Print data : 2004/3/9...
Except for the RPN appendixes, the examples and keystrokes in this manual are written entirely using Algebraic (ALG) mode. About RPN on the hp 17bII+ This appendix replaces much of chapter 2, “Arithmetic.” It assumes that you already understand calculator operation as covered in chapter 1, “Getting Started.”...
It identifies keystrokes that are shown in ALG mode and must be performed differently in RPN mode. Appendixes D, E, and F explain how to use your calculator in RPN mode. The mode affects only arithmetic calculations － all other operations, including the Solver, work the same in RPN and ALG modes.
Where the RPN Functions Are Function Name ENTER Enters and separates one number from the next. LASTX Recalls last number in X-register. R ↓ Rolls down stack contents. R ↑ Rolls up stack contents. X < > Y X-register exchanges with Y-register.
The LAST X function ( RPN mode does not affect the MATH menu, recalling and storing numbers, arithmetic done inside registers, scientific notation, numeric precision, or the range of numbers available on the calculator, all of which are covered in chapter 2. Simple Arithmetic Here are some examples of simple arithmetic.
To select RPN mode, press To Calculate: 12 + 3 12 – 3 12 x 3 12 ÷ 3 1/12 You do not need to use keyed-in numbers. Key in both numbers (separated by pressing the operator key. The Power Function (Exponentiation). The power function uses the keys.
RPN Mode 27% of 200 200 less 27% Calculations with STO and RCL The store ( ) and recall ( and RPN modes (see “Storing and Recalling Numbers” and “Doing Arithmetic Inside Registers and Variables” in chapter 2). The keystrokes are the same for simple storing and recalling and for doing arithmetic inside registers and variables.
The cube root example and the percentage addition example (previous topics) are two simple examples of chain calculations. For another example, calculate Start the calculation inside the parentheses by finding 12 + 3. Notice that you don’t need to press before proceeding.
RPN: The Stack This appendix explains how calculations take place in the automatic memory stack and how this method minimizes keystrokes in complicated calculations. What the Stack Is Automatic storage of intermediate results is the reason that RPN mode easily processes complicated calculations － without using parentheses. The key to automatic storage is the automatic RPN memory stack.
, the value in the X-register rotates around into the T-register. Notice that the contents of the registers are rolled, while the registers themselves maintain their positions. The calculator displays only the X-register. Variable Stack Size. Clearing the stack by pressing the stack to one register (X) with a zero in it.
function is used primarily to swap the order of numbers in a calculation. For example, an easy way to calculate 9 ÷ (13x8) is to press 13 Arithmetic－How the Stack Does It The contents of the stack move up and down automatically as new numbers enter the X-register (lifting the stack), and as operators combine two numbers to produce one new number in the X-register (dropping the stack).
How ENTER Works You know that other. In terms of the stack, how does it do this ? Suppose the stack is filled with a, b, c, and d. Now enter and add two new numbers: a (lost) replicates the contents of the X-register into the Y-register. The next number you key in (or recall) writes over (instead of lifting) the copy of the first number left in the X-register.
Calculate future sales by pressing Sales for the next 3 years are projected to be $168,000; $336,000; and $672,000. Clearing Numbers Clearing One Number. Clearing the X-register puts a zero in it. The next number you key in (or recall) writes over this zero. There are two ways to clear the number in the X-register: Press <...
Because of the automatic movement of the stack, it is not necessary to clear the stack before starting a calculation. Note that if an application menu is currently displayed, pressing application’s variables. The LAST X Register Retrieving Numbers from LAST X The LAST X register is a companion to the stack: It stores the number that had been in the X-register just before the last numeric operation (such as operation).
Exercises Here are some extra problems that you can do to practice using RPN. Calculate: (14 + 12) x (18 – 12) ÷ (9 – 7) ＝ 78.00 A Solution: 14 Calculate: 23 – (13 x 9) + A Solution: 23 ×...
RPN: Selected Examples The following examples selected from chapter 14 (“Additional Examples”) have been converted to RPN keystrokes. These examples illustrate how to convert algebraic to RPN keystrokes in less common situations: with , with Example: Simple Interest at an Annual Rate. Your good friend needs a loan to start her latest enterprise and has requested that you lend her $450 for 60 days.
adjust the mortgage amount to reflect the points paid (PV = $60,000 － 2%). All other values remain the same (term is 30 years; no future value). Keys: Display: ...
Keys: Display: 1000000 1000000 % - & Example: Savings for College. Your daughter will be going to college in 12 years and you are starting a fund for her education.
Keys: Display: Step 1: Set up a CFLO list. Keys: 15000 15000 File name : English-M02-1-040308(Print).doc Description: Displays current cash-flow list and CFLO menu keys. Clears current list or gets a new one.
15000 15000 Step 2: Calculate NUS for the monthly deposit. Then calculate net present value. Keys: Display: Calculates the net present Example: Tax-Free Account. Consider opening an IRA account with a dividend rate of 8.175%.
after-tax future value of the account ? Assume only the interest will be taxed (the principal was taxed before deposit). 5) What is the purchasing power of that amount, in today’s dollars, assuming an 8% annual inflation rate ? Keys: Display: ...
Example: Taxable Retirement Account. If you invest $3,000 each year for 35 years, with dividends taxed as ordinary income, how much will you have in the account at retirement ? Assume an annual dividend rate of 8.175% and a tax rate of 28%, and that payments begin today.
The Solver cannot begin a numerical search using the initial estimates. See pages 180 and 239. To conserve battery power, the calculator will not transmit data to the printer until fresh batteries have been installed. ...
Attempted to raise a negative number to a non-integer power. An internal result in a calculation was too large for the calculator to handle. Attempted to take the square root of a negative number or calculate G.SD given any negative frequencies.
Attempted to do curve fitting using the logarithmic or power models with a list for which the transformed values of x (ln x) are equal. The calculator has insufficient memory available to do the operation you’ve specified. Refer to “Managing Calculator Memory” on page 227 for additional information.
Attempted to calculate I%YR with N ≦ 0.99999 or N ≧ 10 Calculation of IRR% produced a negative answer, but the calculator has determined that there is also a unique positive answer. (Refer to page 238.) ...
The calculator is unable to calculate I%YR. Check the values stored in PV, PMT, and FV. Make sure the signs of the numbers are correct. If the values of PV, PMT, and FV are correct, the calculation is too complex for the TVM menu.
Refer to page 246 in appendix B. A warning － not an error － that the magnitude of a result is too small for the calculator to handle, so it returns the value zero. See page 47 for limits. ...
, 36, 262 , 109 key, 34 through , 145 , appointment-setting menu, 145 ABS (absolute value) function, Accrued interest, on bond, 109 , Accuracy of the clock, 230 Acknowledging appointments, Actual calendar actuarial equations, 246 for arithmetic, 149 for bonds, 110 Addition, 21...
Arithmetic priority, 154 Arrow keys for changing current equation, for editing, 32 for finding an equation, 162 for rolling the history stack, for viewing long equations, , 56 , 132 , 78 , 64 , 115 ...
Calculations, RPN order of, 274 parenthesis in, 266, 274 Calculator not functioning, 230 – 31 resetting, 225, 228 Support, 222 Calculator line arithmetic in, 38 – 48 definition, 18 displaying alphabetic information, 31 – 32 editing, 20 Calendar. See also Date...
Cost markup on, 49, 52 of capital, 101 Counter variable,in summation function, 176 Coupon basis, 108 – 9 payments, 108 Creating a CFLO list, 94 – 96 , 99 a new equation, in the Solver, 157 – 58 a SUM list, 123 – 24 , 127 CTIME, 169 Cube root, 41 in RPN, 265...
DDAYS, 169 Decimal places, 34 , 47 Decimal point, 35 Declining balance depreciation. See Depreciation Deleting all information, 225, 228 – 29 characters, 32 equations, 162 – 64 from a CFLO list, 98, 100 from a SUM list, 125 , 127 variables in the Solver, 162 –...
166 naming, 161 verifying, 157 – 58 writing, 164 Erasing. See also Clearing; Deleting Erasing calculator memory, 225, Error messages, 36, 283 Estimates, entering in the Solver, 181 – 83 Examples, 190 in RPN, 276–82 Exchanging registers, RPN, 269...
Hierarchy of menus, 24 Hierarchy of operations, in equations, 165 History stack, 43 . See also Stack, RPN printing, 186 HMS, 170 HP Solve. See Solver HRS, 170 Humidity requirements, 230 , 78 in CFLO list, 92, 98 in SUM list, 122, 124 ...
, 18 key, 63 , , 56 I , 98 for storing equations, 30 in CFLO menu, 92 in RPN, 264 in the Solver list, 157 – 58 in SUM list, 123 I%, 101 ICNV equations, 248 menu, 84 –...
Iteration in Solver, 179 – 83 , 240, 242 – 46 , 115 , 132 , 186 , 42 , 42 L , 44 in RPN, 273 L, 170 Language, setting, 224 Large number available, 47 in a list, 128 Large numbers, keying in and displaying, 47...
MAIN menu, 19 Manual, organization of, 16 Markup on cost, 49, 52 on price, 49, 52 Math in equations, 165 , 167 MATH menu, 42, 260 MAX, 170 Mean, 251 calculating, 128 – 30 weighted, 138 – 39 Median, 251 calculating, 128 –...
Option to buy, for a lease, 74 – 75 OR, 174 Order of calculation, in the Solver, 165 OTHER menu, 146 – 47 Overdue appointments. See Past- due appointment Overview, 3 , 56 , 63 , 78 , 63 ...
PI, 42 , 170 PMT. See also Payments in TVM, 63 rounded amortization calculations, 78 Positive numbers in cash flow calculations, 92 – 94 in TVM, 64 Power. See also Low power; Batteries function, 41, 265 raising a number to, 41 Power curve, 130, 132, 133 Power on and of, 17 Precision of numbers, internal,...
Replacing batteries, 225 – 26 Required rate of return, 101 Resetting the calculator, 228 Reusing a number, RPN, 271, 273 calculator memory, 37 , 229 Reverse Polish Notation, 261 RND, 170 Rounding a PMT, 71 Rounding numbers, 35 RPN. See appendixes D, E, and F, or individual entries Running total, 123 –...
Solver menu, 156 – 57 for multiple equations, 178 Solver solutions, types of, 243 – 46 Solver variables. See Variables, Solver Sorting numbers, 128 Spaces in equations, 166 Specifying the number of decimal places, 34 SPFV, 171 , 246 SPPV, 171 , 246 SQ, 171 SQRT, 171 Square root...
Trace-printing, 188 TRN, 171 Troubleshooting, 222–24 True population standard deviation, 128 Truncating function, in Solver, Turning calculator on and off, calculations, 61 – 83 equation, 247 instructions, 66 – 67 menu, 61 – 64 , 66 variables, clearing, 64 Index 307...
Typing aids, 167 Typing alphabetic characters, , 56 , 56 Unacknowledged appointments, Unit conversions, in the Solver, Unknown variables in Solver, 240 , 241 Up-arrow key, 43 USFV, 171 , 246 USPV, 171 , 246 Values clearing, 28 – 29 . See also recalling, 28, 45 –...
of lease, 74 – 75 to call, bonds, 108 to maturity, bond, 108 y-intercept, in curve-fitting, 132 , File name : English-M02-1-040308(Print).doc y-values, in forecasting, 133 – 34 Zero-coupon bond, 113 Index 309 Print data : 2004/3/9...
This regulation applies only to The Netherlands Batteries are delivered with this product, when empty do not throw them away but collect as small chemical waste. produkt zijn batterijen geleverd. Wanneer deze leeg zijn, moet u ze niet weggooien maar inleveren als KCA.