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HP 17bII+ User's Manual

1. nvR 28 Pu 2 BAR Hh FY 3 BBB BB H 5 83 Description Displays TVM menu Clears history stack and TVM variables Sets one compounding per yr one interest pmt yr Payment mode does not matter Stores annual interest rate Stores amount of deposit Stores future account balance in FV Calculates number of compounding periods years for the account to reach 3 000 There is no conventional way to interpret results based on a non integer value 5 83 of N Since the calculated value of N is between 5 and 6 it will take 6 years of annual compounding to achieve a balance of at least 3 000 The actual balance at the end of 6 years can be calculated as follows Fi H 6 B F 3 835 268 Stores a whole number of years in N Calculates account balance after six years Example An Individual Retirement Account IRA You opened an IRA on April 15 2003 with a deposit of 2 000 Thereafter you deposit 80 00 into the account at the end of each half month The account pays 8 3 annual interest compounded semimonthly How much money will the account contain on April 15 2018 72 5 Time Value of Money File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 K FV 7 NS I YR 8 3 M P YR 2X 12 End mode N 15X 12X 2 PV 2 000 Keys Display Description FIH TMM Displays TVM menu It is not necessary to clear data because you do not need to set a
2. IDIV x y Integer part of the quotient of x y IF cond expr expry Conditional expression if cond is true use expr if cond is false use expr See page 174 INT x Greatest integer less than or equal to x INV x Inverse of x 1 x IP x Integer part of x ITEM SUM listname item Value of the specified SUM list item LN x Natural base e log of x LNP 1 x In 1 x LOG x Common base 10 log of x MAX x y Compares x and y and returns the larger of the two MIN x y Compares x and y and returns the smaller of the two MOD x y Remainder of the division x y MOD x y x y x INT x y PI t 3 14159265359 12 digits RND x y Rounds x to y decimal places if O lt y lt 11 or rounds x to y signiticant digits if 12 lt y lt 1 y must be an integer S variable name Used in an IF function to test if solving for the variable named Used to combine related equations into one Solver menu See page 178 Sign of x 1 if x gt 0 0 if x 0 1 if x lt 0 170 12 The Equation Solver File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Table 12 2 Solver Functions for Equations Continued fonction papin X cfr c cy s expr Summation of the algebraic expression expr for values of the counter ctr stepping from c to c gt at increments of s See page 176 SIZEC CFLO listname The number of the last flow in specified CFLO list SIZES SUM listname The number of items i
3. in RPN calculations 266 with variables 28 R1 263 Radix decimal point 34 Range calculating 128 of numbers 48 Rate of return periodic 100 Recalling numbers 45 46 from variables 28 in RPN 264 266 with LAST 44 Reciprocal key 41 Register storage 45 46 Registers arithmetic in 46 in RPN 268 73 printing the contents of 186 Relational operators 174 Remaining depreciable value 304 Index File name 17BIl Plus Manual E PRINT 030709 115 116 Renaming lists See CFLO list SUM list the Solver list Repeating appointments past due 148 setting 147 Replacing batteries 225 26 Required rate of return 101 Resetting the calculator 228 Reusing a number RPN 271 273 calculator memory 37 230 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 24 S s 115 SETT 109 SALY 115 sovo 115 STUEY 128 SORT 128 SET 142 SELCT 55 SF 56 Print data 2003 7 11 7 S KR 56 st 56 STK 186 SIZE 132 a SHOW 34 sTO 45 46 calculations with RPN 266 S function 170 Sample standard deviation 128 Saving numbers 43 Savings account 7 1 7 2 college 202 6 college RPN 278 regular 200 202 retirement 208 retirement RPN 282 tax free 206 9 tax free RPN 280 Savings calculations 71 73 Scientific notation 47 Self test 2
4. 17BIl Plus Manual E PRINT 030709 the history stack 44 the RPN stack 269 272 TIME CALC variables 150 TVM variables 64 variables 28 29 Clock See Time Commas in numbers 35 Compound interest calculations 61 Compounding annual 71 monthly 67 68 74 75 periods 61 62 63 64 periods vs payment periods 87 90 200 rates 84 semimonthly 72 Conditional expressions 174 76 Constant numbers RPN 271 272 Constants in equations 166 CONT menu 86 Continuous compounding calculating interest for 85 Continuous Memory 37 erasing 225 230 using 17 Contrast of display changing 17 Conventional investments definition 101 Converting interest rates 85 87 Index 293 Print data 2003 7 11 Correlation coefficient 132 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 Currency clearing variables 60 converting 59 entering a rate 57 exchange 57 58 selecting 55 storing and recalling 59 Currency 1 55 Currency 2 55 Current equation 156 deleting 162 64 printing 187 CURRX menu 55 255 Cursor 19 movement keys 32 Curve fitting 121 132 34 calculations 134 37 294 Index File name 17BIl Plus Manual E PRINT 030709 equations 251 Customer Support 222
5. 7 Contents 13 16 17 17 17 18 18 19 19 21 22 22 23 25 27 28 28 29 30 31 32 34 34 34 34 35 35 4 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 fm Backspacing and Clearing Doing Arithmetic Keying in Negative Numbers 4 Using the Menu Keys The MAIN Menu Choosing Menus and Reading Menu Maps Calculations Using Menus Exiting Menus EXIT Clearing Values in Menus Solving Your Own Equations SOLVE Typing Words and Characters the ALPHAbetic Menu Editing ALPHAbetic Text Calculating the Answer CALC Controlling the Display Format Decimal Places Internal Precision Temporarily SHOWing ALL Rounding a Number Exchanging Periods and Commas in Numbers File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 36 36 37 38 38 40 40 40 4 42 43 43 44 45 46 47 48 50 50 50 51 52 52 53 54 55 57 Error Messages Modes Calculator Memory gg MEM 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 f LAST Storing and Recalling Numbers Doing Arithmetic Inside Registers and Variables Scient
6. As Ex cs Make sure that the menu for the variables is in the display The equation itself should not be in the display If it is press CALC Pressing CLR DATA now sets NEXT OLD A B and C to zero Variables are also cleared when their equation is edited f Ifthe SOLVE menu is displayed rather than the SOLVE CALC te menu then pressing f CLR DATA will prompt DELETE ALL Note WARIABLES Press HO otherwise you will lose the variables in all the equations 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 trom clearing it E Clearing a variable sets it to zero the variable retains its storage location in memory This does not save memory space E Deleting a variable erases its value and its storage location This is a way to save memory space If a variable is shared its value is lost to all equations that share it The memory space for a deleted variable is re created the next time you use that equation An equation that has not been verified cALC pressed does not have any variables allocated to it Therefore it has no variables to be cleared or deleted 12 The Equation Solver 163 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Deleting One Equation or lts Variables DELET
7. MAVG 3 636 67 Chi Squared x Statistics Names the list VOL Displays the MAVG equation Make sure name is VOL Displays menu Stores number of points Calculates average for months 1 2 and 3 Calculates average for months 2 3 and 4 Calculates average for months 3 4 and 5 Calculates average for months 4 5 and 6 The x statistic is a measure of the goodness of fit between data and an assumed distribution It is used to test whether a set of observed frequencies differs trom a set of expected frequencies sufficiently to reject the hypothesis under which the expected frequencies were obtained The statistic can be assumed to be x distributed with n 1 degrees of freedom if n or some of the E values are large 14 Additional Examples 219 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 In other words it tests whether discrepancies between the observed frequencies O and the expected frequencies E are significant or whether they might reasonably result from chance The equation is n O E i F i i i If there is a close agreement between the observed and expected frequencies will be small If the agreement is poor x will be large Solver Equations for x Calculations If the expected value is a constant CHI EC1T 1 512ZESt nameli 1 ITEMtnamel I3 ERPa 2tERP J If the expected values vary CHIZ EcI 1 S1ZES namel i 1ITEM name
8. TIMES YR 86 6 interest Rate Conversions File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 6 7 HOM EFF 6 65 HOM EFF CONT EFF F 4 H MH 6 rB EFFA 6 87 P 12 68 NHOMNA 6 635 EFFA 6 56 CONTINUOUS COMPOUMOITHG EFFA 6 85 Stores number of compounding periods per year for bank 1 Stores nominal annual interest rate for bank 1 Calculates effective interest rate for bank 1 Stores number of compounding periods per year for bank 2 Stores nominal annual interest rate for bank 2 Calculates effective interest rate for bank 2 Displays CONT menu Previous values of NOM and EFF are retained Calculates effective rate for bank 3 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 However regularly occurring savings account deposits and withdrawals do not necessarily occur at the same time as the bank s compounding periods If they are not the same you can adjust the interest rate using the ICNV menu and then use the adjusted 6 Interest Rate Conversions 8 7 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 _ interest rate in the TVM menu You can also use TVM if PMT O regardless of the compounding periods l Call up the periodic inte
9. to view successive portions of the equation wHXHEIGHTF l2exUHITTx ita Spaces You can use as many spaces as you like between variables operators and numbers Names of Variables A variable s name can be up to 10 characters long but cannot contain the characters x lt gt space The first three to five characters depending on their widths become the variable s menu label Therefore make sure no two variables in the same equation have the same first three to five characters Do not use AND NOT OR XOR or PI as variable names because they will be interpreted as functions Numbers Constants Do not put commas or other characters in numbers For instance type 1 for ten thousand not 18 888 166 12 The Equation Solver File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 Parentheses Do not use brackets or braces Parentheses determine order but do not imply multiplication For example the equation Psn Ps 1 F would be typed into the Solver as FSH PSx 1 F 2 The x sign must be inserted between F and the parenthesis Functions and Conditional Expressions An equation can contain any of the functions and conditional expressions given in the table on pages 168 171 Some of these functions also have typing aids Math Operators Typing Aids All of the math operators are located either on the keyboard fad ix etc or in the MATH menu LH EXP etc Any of
10. 220 of lists 177 values 132 139 Switching menus 25 26 T 1 171 TIMES prompting 96 97 TOTL 49 51 TIME in appointment setting menu File name 17BIl Plus Manual E PRINT 030709 145 in PRINTER menu 186 in SET menu 143 TABLE 78 TOTAL 51 of a SUM list 122 128 TYPE 109 TODAY 150 TRACE 186 TOTAL sum of cash flows 101 Text printing MSG 186 Time accuracy 231 and date printing 186 changing 143 44 format 144 145 46 of day viewing 141 setting 143 44 TIME menus 141 42 Time value of money calculations 61 83 equations 247 Top of the equation list in the Solver 162 Total percent of 51 Trace printing 188 TRN 171 Troubleshooting 222 24 True population standard deviation 128 Truncating function in Solver 171 Index 307 Print data 2003 7 11 Turning calculator on and off 17 TVM calculations 61 83 equation 247 instructions 66 67 menu 61 64 66 variables clearing 64 Typing aids 167 Typing alphabetic characters 30 U uss 56 UKE 56 Unacknowledged appointments 148 Unit conversions in the Solver 178 Unknown variables in Solver 240 241 Up arrow key 43 USFV 171 246 USPV 171 246 V Values clearing 28 29 See also CLR DATA recalling 28 45 46 storing 28 45 46 transferring between menus 28 308 Index File name 17BIl Plus Manual E PRINT 030709 Variable dependent 134 i
11. 25 29 40 178 190 50 51 52 52 53 159 57 59 67 68 69 71 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 Using Shared Variables Return on Equity Currency Exchange Calculations Calculating an Exchange Rate Storing an Exchange Rate Converting between Hong Kong and U S Dollars Time Value of Money A Car Loan A Home Mortgage A Mortgage with a Balloon Payment A Savings Account List of Examples 13 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 72 74 75 80 82 172 191 193 194 196 197 198 200 200 202 207 208 214 86 89 97 102 104 105 210 An Individual Retirement Account Calculating a Lease Payment Present Value of a Lease with Advanced Payments and Option to Buy Displaying an Amortization Schedule tor 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 Loan from the Lender s Point of View RPN example on page 277 Loan with an Odd First Period Loan with an Odd First Period Plus Balloon Canadian Mortgage Leasing with Advance Payments A Fund with Regular Withdrawals
12. 654 1356 81 FY S08 562 75 PHT 8 68 TnvR 12 18 212 14 Additional Examples 5 times Stores zero for FLOW 3 9 times Stores FLOW 4 1 time Stores monthly reinvestment rate Calculates NFV of positive cash flows Stores NFV in register 1 Switches to TVM menu sets 12 periods per year with End mode if necessary Stores total number of investment periods Recalls present value of negative cash flows and stores in PV Recalls future value of positive cash flows and stores in FV Stores zero in PMT no payments Calculates annual MIRR File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 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 The following equation calculates the price per 1 000 of protection for one policy year and the interest rate earned on the savings portion of the policy To calculate the price assume some value for interest for example the interest rate you could earn on a one year savings certificate after tax Similarly to calculate interest assume a price per 1 000 per year for alternative insurance for example a low cost term policy of the one year renewable type Even complex policies like minimum deposit pl
13. ACCRU Displays a menu of bond types 30 360 or actual actual semi annual or annual Stores the settlement purchase date according to the current date format MM DDYYYY or DD MMYYYY see page 43 Stores the maturity date or call date according to the current date format The call date must coincide with a coupon date Stores the annual coupon rate as a percentage Stores the call price per 100 face value For a yield to maturity make sure CALL equals 100 A bond at maturity has a call value that is 100 ot its face value J MORE t Stores or calculates the yield as an annual percentage to maturity or yield to call date Stores or calculates the price per 100 face value 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 gJ CLRDATA while the BOND menu is displayed Clearing sets CALL to 100 and all other variables to zero To see the value currently stored in a variable press menu label 8 Bonds 109 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 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 co
14. D DELET in CFLO menu 92 in Solver menu 157 164 in SUM menu 122 127 DE 115 DEL 32 DATEL 150 DATE2 150 DAYS 150 DATE in appointment setting menu 145 in SET menu 143 D K 56 DEL 185 DEUT 18 sP 34 35 Date in the past or future 151 setting 143 44 viewing 141 169 Date arithmetic 149 52 Date format 143 144 for appointments 144 DATE Solver 169 Day of the week determining 149 Day month year format 143 Print data 2003 7 11 144 DDAYS 169 Decimal places 34 47 Decimal point 35 Declining balance depreciation See Depreciation Deleting all information 225 228 31 characters 32 equations 162 64 from a CFLO list 98 100 from a SUM list 125 127 variables in the Solver 162 64 Dependent variable 134 DEPRC menu 114 Depreciation ACRS method 114 118 19 calculations 114 17 declining balance method 114 116 17 equations 250 partial year 118 19 straight line 114 116 sum of the years digits 114 116 Diagnostic self test 232 33 Diagrams cash flow 64 66 92 94 Digit separator 35 Direct solutions in Solver 179 240 4 Discount rate 101 File name 17BIl Plus Manual E PRINT 030709 Display clearing 20 contrast 17 format 34 in RPN 268 73 messages 36 organization 19 43 printing the contents of 185 turning on and off 17 Displayed messages 283 Displaying the contents of registers 43 46 values assigned to va
15. I 101 ICNV equations 248 menu 84 85 variables clearing 86 IDIV 170 IF 170 174 76 nested 175 Independent variable 134 Individual Retirement Account 72 73 Inserting characters 32 Installing batteries 225 26 Insufficient memory 37 227 Insurance policy price 213 15 INT 170 INT rounded in amortization calculations 78 Interest compound 61 84 equation 248 298 Index File name 17BIl Plus Manual E PRINT 030709 on loan amount of PMT applied toward 80 81 simple 61 Interest rate conversions 84 90 201 248 effective and nominal 84 Intermediate results RPN 268 274 Internal rate of return See also IRR calculations 91 97 100 101 Interrupting an IRR calculation 239 Interrupting the Solver 180 INV 170 Invalid equation 158 Inverse 265 Investments calculating IRR and NPV of 101 4 with grouped cash flows 104 5 IP 170 IRA 72 73 206 IRR 100 101 209 IRR calculations 238 40 halting 239 IRR estimate making 239 40 seeing current 239 IRR solutions types of 238 39 Print data 2003 7 11 ITEM 170 Iteration in Solver 179 83 240 242 46 L LIFE 115 LIN 132 LIST 186 Loc 42 LH 42 LAST 44 in RPN 273 Language setting 224 Large number available 47 in a list 128 Large numbers keying in and displaying 47 Last result copying 44 LAST X register RPN 273 Leasing 74 77 199 200 LEFT RIGHT
16. If pressing CALC creates a Solver menu for your equation then the equation is good that is mathematically valid If the equation contains more than six variables the Solver uses the label MORE to switch between sets of menu labels Calculator line xN a HG MENT OLD A x cs ee SS Ll Solver menu To test whether your equation is in fact correct test it out by entering some values for which you already know the result and see if the Solver s result is correct To do a calculation using a Solver menu 158 12 The Equation Solver File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 1 Store values in all but one of the variables for example 2000 OLO 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 In most cases this is all you need to know about how the Solver works However certain types of equations are more difficult to solve If during the calculation the display temporarily shows two lines of changing numbers such as Ail SHB BRE EEE ae A i 1z4r6iz29953q4 then the Solver is searching for a result for the variable A Read the section How the Solver Works starting on page 179 Example Return on Equity The Return on Equity of a business can be defined as Operating income Interest Taxes ROE Common equity Find the ROE of a small
17. RCL PHT RCL H FMT N 3 Chain Calculations No Parentheses The speed and simplicity of calculating using RPN are apparent during chain calculations longer calculations with more than one operation The RPN memory stack refer to appendix E stores intermediate results until you need them then inserts them into the calculation 266 D RPN Summary File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 The cube root example and the percentage addition example previous topics are two simple examples of chain calculations For another example calculate 7x 12 3 Start the calculation inside the parentheses by finding 12 3 Notice that you don t need to press to save this intermediate result 15 before proceeding Since it is a calculated result it is saved automatically without using parentheses Keys Display Description 12 3 1a 66 Intermediate result 7 105 66 Pressing the function key produces the answer Now study these examples Note the automatic storage and retrieval of intermediate results To Calculate Press Display 750x 12 360 750 EMER 12 x 360 25 06 360 750x12 360 ENER 750 MEA 12 QE e or 750 12 360 xzy J 456 75 18 5 456 75 1 T853 68 x 68 1 9 19 BK 737 07 3 4 x 5 6 3 ENER 4 H 5 NER OG FFL BA D RPN Summary 267 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 RPN The Stack This appendix explai
18. Savings for College RPN example on page 278 Tax Free Account RPN example on page 280 Taxable Retirement Account RPN example on page 282 Insurance Policy Interest Rate Conversions Converting from a Nominal to an Effective Interest Rate Balance of a Savings Account Cash Flow Calculations Entering Cash Flows Calculating IRR and NPV of an Investment An Investment with Grouped Cash Flows An Investment with Quarterly Returns Moditied IRR 14 List of Examples File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 111 112 113 215 217 117 118 120 125 128 134 138 218 220 144 148 151 152 159 166 172 175 181 189 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 Weighted Mean A Moving Average in Manufacturing Expected Throws of a Die 7 Time Alarms and Date Arithmetic Setting the Date and Time Clearing and Setting an Appointment Calculating the Number of Days between Two Dates Determining a Future Date How to Use the Equation Solver Return on Equity Sales Forecasts Using a Solver Function USPV Nested IF Functions Using Guesses
19. YES Clears current list or gets a 210 14 Additional Examples File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 or GET HEL 180000 O 5 INPUT 100000 5 CALC V3 512 Ix HP STO O lw CLR DATA YES O LINPUT 100000 5 O File name 17BIl Plus Manual E PRINT 030709 FLOW bas FLOW las TIMES 13 1 FLOW 2357 TIMES 23 1 FLOW sa 7 HPV HUS HFM HEED Ix Tx 8 67 HPV 654 146 51 HFY 654 136 51 FLOW 3357 FL HCHI 7 FLOW las FLOW 2a 7 new one Stores initial cash flow FLOW O Stores FLOW 1 as zero since the flow amount is positive Stores 5 for TIMES 1 Stores FLOW 2 Stores FLOW 2 5 times You can skip FLOW 3 and FLOW 4 because they are equal to zero for this part Stores monthly safe interest rate Calculates NPV of negative cash flows Stores NPV in register O Returns to CFLO menu Clears list Stores zero as FLOW 0O Skip negative flows store positive flows Stores FLOW 1 5 times Stores zero for FLOW 2 14 Additional Examples 211 Print data 2003 7 11 7 3 INPUT J O INPUT 9 INPUT 200000 INPUT CALC 13 812 Ix MF STO 1 TM bes CLR DATA 20 H RCL O RCL 1 O PMT TF FIH OTHER PM Fl FLOW 3357 FLH 45 FLOWe sa 7 HPV HUS HFM HEED I I 1 05 HFY 5606 582 75 HFV 5060 552 75 12P 7R ENO MODE H 28 68 PW
20. appendix A 20 1 Getting Started File name 17Bll Plus Manual E PRINT 030709 Print data 2003 7 11 Doing Arithmetic The Y 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 or CLR J To calculate 21 1 23 8 Keys Display Description 21 1 e1 16 23 8 21 16 23 8 44 56 completes calculation Once a calculation has been completed pressing another digit key starts a new calculation On the other hand pressing an operator key continues the calculation 77 35 URE Calculates 77 35 90 89 90 89 13 54 65 Ww x J x 12 New calculation 96 75 v65 x 12 3 5 er 64 Calculates 96 75 3 5 You can also do long calculations without pressing after each intermediate calculation just press it at the end The operators perform from left to right in the order you enter them Compare oo and 65 I 3 5 3 5 65 12 Operations occur in the 3 5 cc Bg order you see them 1 Getting Started 21 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 65 12 Use parentheses to impose 3 5 DJG bo 43 an order of calculation Keying in Negative Numbers t2 The key changes the sign of a number E To key in a negative number type that number then press 4 E To change the s
21. year Stores number of withdrawals over 10 years Calculates value of fund at end of year 10 Stores number of withdrawals after 20 years Calculates value of fund at end of year 20 Deposits Needed for a Child s College Account See appendix F for RPN keystrokes for this example 202 14 Additional Examples File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 Suppose you want to start saving now to accommodate a future series of cash outtlows 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 Use a CFLO list to calculate the net uniform series NUS of the future withdrawals 1 Store zero for all cash flows except the withdrawals For those cash flows store the amounts you will need to withdraw since this is cash received these cash flows will be positive 2 Store the periodic interest rate in 1 and calculate NUS The NUS equals the amount of the monthly deposit you will need to make You can also calculate the equivalent present value of all the monthly deposits combined by calculating the net present value NPV Example Savings for College Your daughter will be going to college in 12 years and you are starting a fund for her education She will need 15 000 at the beginning of each year for four years The fund earn
22. 0 1 800 472 6684 Venezuela 0800 4746 8368 Chile 800 360999 Columbia 9 800 114726 Central America Peru 0 800 1011 1 amp Caribbean 1 800 711 2884 Guatemala 1 800 999 5105 Puerto Rico 1 877 232 0589 Costa Rica 0 800 011 0524 N America Country Telephone numbers U S 1800 HP INVENT Canada 905 206 4663 or 800 HP INVENT ROTC Rest of the country Regulatory information This section contains information that shows how the HP 17bll Financial calculator complies with regulations in certain regions Any modifications to the calculator not expressly approved by Hewlett Packard could void the authority to operate the 17bll in these regions 236 A Assistance Batteries Memory and Service File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 USA This calculator generates uses and can radiate radio frequency energy and may interfere with radio and television reception The calculator complies with the limits for a Class B digital device pursuant to Part 15 of the FCC Rules These limits are designed to provide reasonable protection against harmful interference in a residential installation However there is no guarantee that interference will not occur in a particular installation In the unlikely event that there is interference to radio or television reception which can be determined by turning the calculator off and on the user is encouraged to try to correct the interference by one or more of
23. 030709 Print data 2003 7 11 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 on page 29 Example Leasing with Advance Payments Equipment worth 750 is leased to you for 12 months The equipment is assumed to have no salvage value at the end of the lease You agree to make three payments at the time of closing What is the monthly payment if the annual interest rate is 10 Select the ADV equation in the Solver Keys Display Description CALC Creates menu 50 PM Stores known values 12 H O Fi 3 AD 10 ISTF IX TR 148 68 PHT PMT 64 45 Calculates payment Savings Value of a Fund with Regular Withdrawals Example A Fund with Regular Withdrawals What are the balances after 1 10 and 20 years of a fund that starts at 750 000 has 20 000 withdrawn at the beginning of each quarter and earns 10 annual interest compounded monthly 200 14 Additional Examples File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 P
24. 3 4 of that amount the fourth year For DB and SOYD depreciation each year s depreciation value is different as shown in the table 9 Depreciation 119 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Calendar Year Depreciation Value 1 Oct Dec Y4 x year 2 3 4 x year 1 4 x year 2 34 x year 2 4 x year 3 4 Jan Sept 3 4 x year 3 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 the sum of the years digits method find the amount of depreciation for the fourth year Assume the first depreciation year was 11 months long Keys Display FIN OEPRC 12000 BASIS 500 SALW 10 ee MORE 3 YR YR 3 08 SoYD S0YD 1 672 72 0126601 133 39 4 RH soyo SOYD 1 4634 64 Jf 11G 12 6 1 341 67 Vf H ReL 1 E 1 481 66 120 9 Depreciation File name 17BIl Plus Manual E PRINT 030709 Description Displays DEPRC menu Stores known values Calculates depreciation for year 3 Stores 1 month s depreciation from year 3 Calculates depreciation for year 4 Figures 11 months depreciation from year 4 Figures total depreciation for year 4 Print data 2003 7 11 7 10 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 nu
25. 5 N 3X 12 P YR 12 End mode 35 36 PMT 5 Time Value of Money 67 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Keys Display FIH TUM baw CLR DATA iZ PeYR EMO MODE OTHER CLR DATA 12 P YE EHO MODE V3 x 12 H H 36 H 10 5 IXYR IXYR 148 56 7250 1500 Pil PY 5 750 Be PMT PMT 156 89 To calculate the interest rate that reduces the to reduce the negative PMT value 10 PMT PMT 176 89 Tar TxnVYR 6 5 Example A Home Mortgage Alter careful consideration of your personal finances you ve decided that the maximum monthly mortgage payment you can afford is 630 You can make a 12 000 down payment and annual interest rates are currently 11 5 If you take out a 30 year mortgage what is the maximum purchase price you can afford 68 5 Time Value of Money Description Displays TVM menu Clears history stack and TVM variables If needed sets 12 payment periods per year End mode Figures and stores number of payments Stores annual interest rate Stores amount of the loan Calculates payment Negative value means money to be paid out payment by 10 add 10 Stores the reduced payment amount Calculates the annual interest rate File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 PV FV 0 I YR 11 5 N 30 X12 P YR 12 End mode 339 360 PMT 630 Keys Display Description FIH TM Display TVM menu baw
26. CLR DATA l2 PR ENO MODE Clears history stack and TVM variables OTHER gg CLR DATA If needed sets 12 payment l2 PR ENO MODE periods per year End mode 30 ww H H 3648 i Pressing gy first multiplies 30 by 12 then stores this number of payments in N 11 5 ISR IaYR 11 56 Stores annual interest rate 630 Stores a negative monthly PHT PHT 6248 B payment Py PVS 63 617 64 Calculates loan amount y 12000 E ro 617 64 Calculates total price of the house loan plus down payment Example A Mortgage with a Balloon Payment You ve taken out a 25 year 75 250 mortgage at 13 8 annual interest You anticipate that you will own the house for four years and then sell it repaying the loan in a balloon payment What will be the size of your balloon payment 5 Time Value of Money 69 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 PV 75 250 1 YR 13 8 N 4X 12 P YR 12 End mode 47 PMT Balloon FV 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 Description FIM TuM Display TVM menu law CLR DATA 12 PYR EMD MODE Clears history stack and TVM variables OTHER gg CLR DATA If needed sets 12 payment l2 PR ENO MODE periods per year End mode Step 1 Calculate PMT for the mortgage 25 a H H 306 ae Figures and stores the number of monthly payments in
27. E PRINT 030709 Print data 2003 7 11 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 DEEBT LOAH LOAMHxI 166xDDAYSCORTEL ODATE2 127365 or use this for a 360 day basis DEB T LOAH LOAMxI2 1BexDDAYS DATE DATES 33 468 DATE1 the date the loan commences DATE2 the date the loan ends Yield of a Discounted or Premium Mortgage The annual yield of a mortgage bought at a discount or premium can be calculated given the original mortgage amount PV interest rate I YR periodic payment PMT balloon payment amount if any FV and the price paid for the mortgage new PV Remember the cash flow sign convention money paid out is negative money received is positive Example Discounted Mortgage An investor wishes to purchase a 100 000 mortgage taken out at 9 for 20 years Since the mortgage was issued 42 monthly payments have been made The loan is to be paid in full a balloon payment at the end ot its fifth year What is the yield if the purchase price of the mortgage is 79 000 1 Since the payment amount PMT is not given calculate it first To do this first assume 20 years amortization on the original mortgage with no balloon payment so N 20 x 12 FV 0 PV 100 000 and I YR 9 2 Since the balloon amount is not given calcu
28. If HP receives notice of such defects during the warranty period HP will at its option either repair or replace products which prove to be defective Replacement products may be either new or like new 2 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 A Assistance Batteries Memory and Service 233 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 workmanship when properly installed and used If HP receives notice of such defects during the warranty period HP will replace software media which does not execute its programming instructions due to such defects 3 HP does not warrant that the operation of HP products will be uninterrupted or error free If HP is unable within a reasonable time to repair or replace any product to a condition as warranted you will be entitled to a refund of the purchase price upon prompt return of the product 4 HP products may contain remanufactured parts equivalent to new in performance or may have been subject to incidental use 5 Warranty does not apply to defects resulting from a improper or inadequate maintenance or calibration b software interfacing parts or supplies not supplied by HP c unauthorized modification or misuse d operation outside of the published environmental specifications for the product or e improper s
29. Manual E PRINT 030709 Print data 2003 7 11 7 Calculations Using Menus Using menus to do calculations is easy You don t have to remember in what order to enter numbers and in what order results come back Instead the menus guide you as in the previous example All the keys you need are together in the top row The menu keys both store numbers for the calculations and start the calculations The MU C menu can calculate M C the percent markup on cost given COST and PRICE Keys 4 60 PRICE Store 4 60 Display PRICE 4 68 Keys 4 1 a Display cosT 4 18 Store 4 10 COST PRICE M C Calculator Memory Keys HE Calculate 12 20 Display MARKUP C 12 20 Then the same menu can calculate PRICE given COST and MC Keys 20 BE Display MARKUP YC 20 08 Store 20 00 Keys 4 10 COST ni Display COST 4 18 COST PRICE M C Calculator Keys PRICE Memory Display PRICE 4 92 Calculate 4 92 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 1 Getting Started 27 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Many menus in this calculator work like the example above The rules for using variables are m To store a value key in the number and press the menu key T Arithmetic calculations as well a
30. Manual E PRINT 030709 Print data 2003 7 11 Getting Started Watch for this symbol in the margin It identities examples or 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 aftects only arithmetic calculations all other operations including the Solver work the same in RPN and ALG modes Power On and Off Continuous Memory To turn on the calculator press clear note ON printed below the key To turn it off press fg and then CLR J This shifted function is called 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 at the top of the display you should replace the batteries as soon as possible Follow the instructions on page 224 Adjusting the Display Contrast The display s brightness depends on lighting your viewing angle and the display contrast setting To change the display contrast hold down the key and press or 1 Getting Started 17 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Setting the Language The calculator can display information in six different languages The language initially used by the calculator was preset at the factory To change
31. Plus Manual E PRINT 030709 Print data 2003 7 11 The name can be up to 22 characters long and include any character except x lt gt space But only the first three to tive 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 Viewing the Name of the Current List Press MAME then EXIT Starting or GETting Another List When you press CFLO the cash flow list that appears is the same as the last one used 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 GET The GET menu contains a menu label for each named list plus HEW 2 Press the key for the desired list HEH brings up a new empty list Clearing a Cash Flow List and Its Name To clear a list s numbers and name 1 Display the list you want to clear then press CLR DATA YES This removes the numbers 2 If the list is named you ll see ALSO CLEAR LIST NAME Press YES to remove the name Press HO to retain the name with an empty list CFLO does accept these exceptional characters in list names but the Solver functions SIZEC FLOW and T do not 7 Cash Flow Calculations 99 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 To remove just one value at a time from a list use DELET Cash Flow Calculations IRR NPV N
32. Stores entire loan amount Fi FV 1 8H8 888 88 qs balloon payment Ve 3 Calculates then stores PM PV 37H 88 Be amount borrowed total points IXvR IavRele 33 Calculates APR the yield to lender Loan with an Odd Partial First Period The TVM menu deals with financial transactions in which each payment period is the same length However situations exist in which the first payment period is not the same length as the remaining periods This first period is sometimes called an odd or partial first period The following Solver equation calculates N 1 PV PMT or FV for transactions involving an odd first period using simple interest tor the odd period The formula is valid for O to 59 days from inception to 14 Additional Examples 195 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 first payment and a 30 day month is assumed A Solver Equation for Odd Period Calculations DDD Psd TA 1l xFPCORYS 3634 19 IFCORTS lt 368 C1l lat1lb6oxPAT PAT axUSPVc lar Ha FUxsPPiec Taibo For the character press WHYZ OTHER PV the loan amount l the periodic interest rate DAYS the actual number of days until the first payment is made PMT the periodic payment N the total number of payment periods FV the balloon payment A balloon payment occurs at the end of the last Nth period and is in addition to any periodic payment The following examples assume tha
33. Stores number of odd days in DAYS Stores number of payments in N Calculates monthly PMT of 203 99 12 The Equation Solver 173 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 Conditional Expressions with IF Equations can include conditional expressions using the function IF The syntax of the IF function is IF lt conditional expression algebraic expression algebraic expression then or else For example the solver accepts the equation BOHUS IF CSALES gt 3668 82 x SALES 61 x SALES According to this equation if SALES is greater than 3000 then the BONUS equals 02 x SALES otherwise or else BONUS equals 01 x SALES Logical Operators Four logical operators can be used in conditional expressions AND OR XOR and NOT Relational Operators Six relational operators are available for conditional expressions Operator Keys gt ALPHA menu lt ALPHA menu 7 a gt lt E 7 gt A conditional expression that contains within it an algebraic expression might cause the error INVALIDO EQUATION If this happens insert a before the left parenthesis starting the algebraic expression For example change IFC CAt29 5 12 10 IFetCAte2ssatleiaw 174 12 The Equation Solver File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 Examples of Conditional Equations ME I1F Arf AHO AS Hl st ex Ate ae At1T Ba t 0 Means If A
34. To delete an equation or its variables 1 Display the equation 2 Press DELET in the SOLVE menu 3 To delete the equation respond YES to both questions DELETE THE VARIABLES DELETE THE EQUATION If the entry has no variables allocated then only the second question appears 4 To delete just the variables respond HO to DELETE THE EQUATION This preserves the equation Deleting All Equations or All Variables in the Solver leg CLR DATA To delete all the equations in the Solver or just all the variables in all the equations 1 Display the SOLVE menu It doesn t matter which equation is displayed 2 Press CLR DATA To delete all equations respond YES to both questions DELETE ALL VARIABLES Y DELETE ALL EQUATIONS 3 To delete just the variables respond HO to DELETE ALL EQUATIOWS This preserves all equations Writing Equations An equation in a book looks different from an equation in the Solver A numerator and denominator might be separated by a bar such as 164 12 The Equation Solver File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 a b c d exf Since a Solver equation appears all on one line you must group the numerator and denominator separately by using parentheses such as CAtB C CO0 ExF 2 Order of Calculations Operations occur from lett to right but do E Exponentiation first For example AxB 3 C is interpreted as A x B C B is raised
35. Week for Any Date 150 Calculating the Number of Days between Dates 151 Calculating Past or Future Dates 12 153 The Equation Solver 153 Solver Example Sales Forecasts 156 The SOLVE Menu 157 Entering Equations 158 Calculating Using Solver Menus CALC 161 Editing an Equation EDIT 161 Naming an Equation 162 Finding an Equation in the Solver List 162 Shared Variables 162 Clearing Variables 163 Deleting Variables and Equations 164 Deleting One Equation or Its Variables DELET 164 Deleting All Equations or All Variables in the Solver lag CLR DATA 164 Writing Equations 166 What Can Appear in an Equation 168 Solver Functions 174 Conditional Expressions with IF 176 The Summation Function gt 177 Accessing CFLO and SUM Lists from the Solver 178 Creating Menus for Multiple Equations S Function 8 Contents File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 179 180 181 13 184 185 185 185 186 186 188 188 189 14 190 190 190 191 193 195 197 199 200 200 202 206 208 209 213 215 216 217 217 219 How the Solver Works Halting and Restarting the Numerical Search Entering Guesses Printing The Printer s Power Source Double Space Printing Printing the Display PRT Printing Other Information gg PRINTER Printing Variables Lists and Appointments LIST Printing Descriptive Messages MSG Trace Printing TRACE How to Interrupt the Printer Additional Exam
36. YR DE v SL Display BASI15 16 006 66 SALV 388 Be LIFE 3 468 TR 1 668 FACT 2 268 68 DE 4 06i 48 ROW 5 588 48 DB 2 468 HH ROW 3 186 68 DE 1 446 BB ROW 1 668 88 SL 1 960868 44 Description Displays DEPRC menu Cost basis Salvage value Usetul life First year of depreciation DB percentage factor Depreciation in first year Salvage value ignored at this point Remaining depreciable value atter first year BASIS SALV 4 000 Depreciation in second year Remaining depreciable value after second year Depreciation in third year Remaining depreciable value after third year Straightline depreciation for each year 9 Depreciation 117 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 v ROV 3 568 66 Remaining depreciable value atter third year using SL The ACRS Method To calculate the amount of tax deduction under the U S Accelerated Cost Recovery System 1 Display the DEPRC menu press FIH OEPRC 2 Enter the cost basis of the asset and press BASIS 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 Look up that value enter it and press ACS A Press ACES to calculate the value of the deduction Example ACRS Deductions Use the ACRS method to find the in come tax deduction for a 25 000 asset over 3 years of a 5 ye
37. YR 14 N 36 P YR 12 Begin mode PV 13 500 Keys Display Description FIN TuM Displays TVM menu OTHER Sets 12 payment periods 12 PYR per year Begin mode BEG 12 PYR BEGIN HODE 36 NH H 36 48 Stores number of payments 74 5 Time Value of Money File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 14 IkYR IavR 14 86 Stores annual interest rate 13500 Stores car s value in PV Pl PV 13 588 68 Money paid out by lessor 7500 F PVE J66 Be Stores purchase option value in FV Money received by lessor PHT FPMT 259 19 Calculates monthly payment received 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 What is the capitalized value of the lease The interest rate you pay to borrow funds is 18 compounded monthly PV ody ISYR 18 P YR 12 Begin mode 2X PMT PMT 2 400 4 800 FV 19 000 The problem is done in four steps 1 Calculate the present value of 47 monthly payments in Begin mode Begin mode makes the first payment an advance payment 2 Add one additional payment to the calculated present value This adds a second advance payment to the beginning of the leasing period replacing what would have been the final 48th payment 3 Find the present value of
38. You can halt the calculation at any time by pressing any key The calculator then displays the current estimate for IRR You can resume the calculation by E Pressing IRR while the current estimate is displayed in the calculator line This continues the calculation from where it lett off E Storing a guess for IRR discussed below Storing a Guess for IRR To enter a guess key in an estimate of IRR and then press IRRA You can enter a guess for IRR at these times E Before beginning the calculation This can reduce the time required to calculate an answer After you ve halted the calculation After the calculator has halted the calculation due to any of the above cases For cases 3 and 5 however no other solutions will be found When calculating IRR using a guess the calculator displays the current estimate of IRR and the calculated value of NPV for each iteration The calculation halts when the calculator finds an answer However there B More About Calculations 239 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 1 Since IRR is the interest rate at which NPV equals zero the best estimate of IRR is the interest rate t
39. calculator displays the message BATT TOO LOM TO PRINT Since the hp 17bll cannot send control characters to the printer portions of the printer s manual pertaining to control codes and graphics characters do not apply 184 13 Printing File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 The Printer s Power Source The speed of the printer depends on whether it is using its optional ac adapter To optimize printing performance set the printing speed mode in the calculator appropriately To view or change the printing speed mode 1 Press gg MODES 2 Press FR T to change and display the new mode If necessary press PRHT again to set the desired mode E FPRIWHTER AC ADAPTER E PRIHTER HO AC ADAPTER 3 Press EXIT For long printing operations printing will be faster using the printer s ac adapter and the calculator s appropriate printing speed mode When the printer is powered by batteries alone be sure to change the mode to FRIMTER HO AC ADAPTER so that the calculator will not transmit data too rapidly Double Space Printing Press gj MODES DBL to turn double space printing on or off Then press EXIT Printing the Display PRD To print whatever is in the calculator line press PRT This prints numbers expressions single Solver equations and messages Menus cannot be printed 13 Printing 185 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 P
40. curve fitting 132 133 Modes FFH 36 261 62 265 ALG 36 261 262 lw MODES 185 beeper 36 double space printing 36 185 menu map 260 printer ac adapter 36 Modified IRR 209 12 253 Month day year format 143 44 Mortgage 68 69 See also Loan calculations 67 71 77 80 discounted or premium 191 Moving average 217 19 MU C 50 equation 247 MU P 50 equation 247 Multiple equations linking 178 Multiplication Print data 2003 7 11 in arithmetic 21 38 40 in equations 165 N Hz 56 HEXT 78 H 63 HAME in CFLO list 98 99 in SUM list 126 HPY 101 MUS 101 HF 101 HEH 157 HIS 56 H KE 56 HTE 56 H 42 MoM 85 86 H 63 N non integer 63 72 Names of equations 161 of lists clearing 99 of variables 166 Negative numbers in arithmetic calculations 22 in cash flow calculations 92 94 in TVM calculations 64 Neighbors in Solver 243 Nested IF function in the Solver File name 17BIl Plus Manual E PRINT 030709 175 Net future value 91 101 Net present value 91 101 Net uniform series 91 101 NFV calculating 91 101 equation 249 Noise Declaration 237 Nominal interest rate 84 87 100 Non integer period 172 NOT 174 Notes discounted 216 17 NPV calculating 100 101 equation 100 248 Number lists See CFLO list SUM list Solver list of days between dates 149 51 of decimal points 47 of payments in TVM 62 range 48 Number
41. data remains intact except setting those conditions double space printing off printer tracing off printer without the ac adapter and beeper on To reset the calculator hold down while pressing the third menu key from the left Repeat if necessary The calculator displays MACHIWE RESET 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 the following procedures 1 Use a thin pointed object to press the reset hole near of the battery compartment Reset hole A A 2 The calculator displays the INTL international menu You must specify a language before proceeding see page 18 for information about the setting the language 3 The display will show MEMORY LOST Pressing any key will clear this message from the display 228 A Assistance Batteries Memory and Service File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 For selecting English language m ALG mode m Month day year date format 12 hour clock E 2 decimal places period decimal point Double space printing off printer tracing off printer without the ac adapter E Beeper on m APPT default time 00 00 00 12 00A default time WED 01 01 03 12 00 00A mE Erased Continuous Memory m U S Dollars and EURO Dollars currencies and the rate equals 1 0000 A Assistance Batteries Memory and Service 229 E File na
42. decrease the flow and move each cash flow up one period Remember a payment made at the beginning of period 2 is equivalent to the same payment made at the end of period 1 and so on Refer to pages 64 92 94 7 Cash Flow Calculations File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 Entering Cash Flows To enter cash flows into a CFLO list 1 Press FIN CFLO You will see either FLOW 2 7 if the current list is empty or FLOM 1 or mores 7 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 a Clear the list by pressing CLR DATA YES see also page 99 b Geta new list by pressing GET HEM The old list must be named first Press MAME or see page 97 3 If the cash flows are ungrouped that is they are all different then press 1 to turn TIMES FROMPTING OFF For grouped cash flows leave this prompting on For more information see Prompting for TIMES next page 4 Key in the value of the initial cash flow FLOW O remember that money paid out is negative use to change the sign and press INPUT 5 After briefly showing FLOW 0 the display shows FLOM 1 3 7 To view FLOW 0 longer hold down before releasing it Key in the value tor FLOW 1 and press INPUT The prompt for the next item appears 6 For grouped cash flows The display now shows TIMES 13 1 If it does not press T to
43. fresh CR2032 batteries at hand Hold batteries by the edges Do not touch the contacts Wipe each battery with a clean lint free cloth to remove dirt and oil 2 Make sure the calculator is off Do not press again until the entire procedure for changing batteries is completed Changing batteries with the calculator on can erase the contents of Continuous Memory If you have set any appointments make sure they will not come due while the batteries are out 3 Turn the calculator over and prize off the battery cover A Assistance Batteries Memory and Service 225 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 4 Never remove two old batteries at the same time in case memory lost Remove one of the two batteries once Insert a new battery making sure that the positive sign is facing outward Do not mutilate puncture or dispose of batteries in fire The batteries can burst or explode releasing hazardous chemicals id Warning 5 Remove and insert the other battery as step 4 Make sure that the positive sign on each battery is facing outward 6 Replace the battery compartment cover 7 Press on Now turn the calculator back on If it does not function you might have taken too long to change the batteries or inadvertently turned the calculator on while the batteries were out Remove the batteries again and lightly press a coin against both battery contacts in the calculator for a few se
44. get rid of a repeating appointment you need to clear the appointment Clearing changes the date and time to 00 00 00 12 00 AM and removes the message and the repeat interval To clear an appointment press the menu label for that appointment and press gg CLR DATA To clear all ten appointments display the APPT menu the menu with APTI APT2 etc and press f CLRDATA YES Example Clearing and Setting an Appointment Today is Sunday April 20 2003 You want to set appointment 4 to go off every Tuesday at 2 15 p m to remind you of a staff meeting Assume 12 hour time format and month day year date format Keys Display Description TIME APPT Displays setting for 148 11 Time Appointments and Date Arithmetic File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 APT4 appointment 4 CLR DATA 4 0 B8 88 12 0AA Clears appt 4 2 15 TIME 4i SUH Stores appt time and B4 28 ES 2i 1A supplies current date APM 4i SUH Sets appt time to PM A4 20 03 2 15P 4 22 DATE 4 TUE Stores appt date H4 22 H3 2 15P MSG Enters message staff STAFF 4 TUE M422 H3 2 15P RPT RP T HOWE Displays RPT menu WEEK RPT 1 WEEK CS2 Sets repeat interval 4 TUE A4 22 03 2 15P SET 4 Returns to APPT menu Appt 4 is set Date Arithmetic CALC The CALC menu performs date arithmetic E Determines the day of the week for any date Determines the number of days between dates
45. in the price and press PRICE Press YLO to calculate the yield To calculate the accrued interest press ACCRU The total amount owed V the seller is PRICE ACCRU that is PRICE ACCRU Calculating Fractional Values When given a fractional value that must be entered in decimal form do the arithmetic and then store the result directly into a variable Do not clear the arithmetic and then retype the result before storing it this is an unnecessary step that can cause incorrect answers due to rounding See how the following example stores 83 3 in YLD Example Price and Yield of a Bond What price should you pay on August 10 2003 for a 634 U S Treasury bond that matures on May 1 2018 if you wish a yield of 8 The calendar basis is actual actual and the coupon payments are semi annual The example assumes MM DDYYYY date format Keys Display FIN BOND law CLR DATA TYPE AA SEMI A A SEMIANHUAL 8 102003 SETT SETT HS 16 26063 SUH 5 012018 Description Since there is no call on this bond set CALL 100 by clearing variables Sets bond type if necessary Stores settlement purchase date Stores maturity date 8 Bonds 111 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 MAT MATH 8s b1 2618 TUE 6 75 CPH CPHAS6 75 Stores annual coupon rate MORE Stores desired yield V3 EJ 8 H8 displayed rounded to two VLD TLOA 6 36 decimal places PRICE PRICE
46. interpreting 242 46 Letter keys 30 Linear estimation 121 132 34 Linear model 130 133 Linear regression 121 List See CFLO list SUM list Solver list List RPN 264 rolling the stack 269 File name 17BIl Plus Manual E PRINT 030709 LN 170 LNP1 170 Loan amortizing 77 83 APR for with fees 193 LOG 170 Logarithmic model 130 132 133 Logarithms 42 170 Logical operators 174 Low memory 227 Low power 224 and printing 184 annunciator 184 M H 132 MAT 109 Mac 49 53 MxF 52 128 MEDH 128 MIN 128 MAX 128 ODL 132 MSG in appointment setting menu 145 in printer men 186 HO 143 Mt 56 Index 299 Print data 2003 7 11 MORE key 25 gw MAIN 22 26 a MEM 37 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 30 Memory See also Continuous Memory freeing 227 insufficient 227 losing 225 230 using and reusing 37 Menu labels 19 maps 25 254 60 Menus calculations with 27 28 changing 25 28 exiting 28 names of 161 printing values stored in 186 88 sharing variables 53 Messages for appointments 300 Index File name 17BIl Plus Manual E PRINT 030709 146 Messages error 283 MIN Solver 170 MOD 170 Mode of payments Begin and End 64 Models
47. line and other types of messages by preceding math error messages with the word ERROR Press or to erase the message and restore the previous display BAD GUESSES PRESS COLRI TO VIEW The Solver cannot begin a numerical search using the initial estimates See pages 180 and 239 BATT TOO LOW TO PRIWT To conserve battery power the calculator will not transmit data to the printer until fresh batteries have been installed COURRENT LIST UNHAMED HAME OR CLEAR THELIST Attempted to get another list without first clearing or naming the current list Press ej CLR DATA to clear itor MAME to name it EMPTY LIST Attempted a calculation using an empty CFLO or SUM list ERROR LOGARRITHM HEGS ERROR LOGHRITHM H Error Messages 283 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Attempted to take the base 10 or natural log of a negative number or zero This can happen during curve fitting calculations if you attempt to calculate m A logarithmic forecasting model with a negative or zero x value E An exponential model with a negative or zero y value E A power model with a negative or zero x or y value ERROR HEG HOMHINTEGER Attempted to raise a negative number to a non integer power ERROR OVERFLOM An internal result in a calculation was too large for the calculator to handle ERROR SQRTCHEGs Attempted to take the square root of a negative number or calculate G SD given any negative
48. 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 Variable used to calculate or display values cannot be used to store values J OL Variable used to store values cannot be used to calculate values BUS CHG TOTL MU C MU P eo COST PRICE TOTAL PART COST PRICE Figure C 1 BUS Menu 254 C Menu Maps File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 CURRX CURR2 RATE CSTO C RCL SELCT Currencies Figure C 2 CURRX Menu C Menu Maps 255 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 FIN TVM ICNV CFLO ae NOM 4 P NOM aa LEFF CALC INSR DELET NAME GET 7 x NEW Names of Lists N yk Pv CPM FV OTHER BEG END AMRT NEXT TABLE GO Figure C 3 FIN Menu 256 C Menu Maps File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 FIN BOND DEPRC YR FACT _DB_ GOYD MORE MORE YLD PRICE ACCRU MORE 360 A A SEMI ANN Figure C 3 continued FIN Menu C Menu Maps 257 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 SUM CALC INSR DELET NAME GET TOTAL ALPHA Edit menu ALPHA i mene NEW Names of lists TOTAL MORE MIN SORT F
49. or a to display the number then press INPUT 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 To name a list 1 Press HAME from the SUM menu 2 Use the ALPHA menu to type in a name The ALPHA and ALPHA Edit menus are covered on pages 30 32 To clear a name press CLR J 3 Press INPUT The name can be up to 22 characters long and include any character except x lt gt space But only the first three to tive 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 Viewing the Name of the Current List Press HAME then EXIT SUM does accept these exceptional characters in list names but the Solver functions SIZES and ITEM do not 126 10 Running Total and Statistics File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Starting or GETting Another List When you press SUM the SUM list that appears is the last one used 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 GET The GET menu contains a menu label for each named list plus HEH 2 Press the key for the desired list HEM brings up a new empty list Clearing a SUM List and Its Name To clear a list s numbers
50. premium 3302 LVAL LVALH 3 382 88 Stores value of policy at end of last year 6 Ik I4 6 88 Stores interest rate you could get elsewhere 4104 VAL WAL 4 164 68 Stores value of policy at end of this year MORE Stores annual dividend 165 DIV DIV 165 68 50000 FACE FACE 56 606 B Stores face value of policy MORE IHS IHS 6 5r Your protection cost 6 57 per 1 000 face protection value Insurance protection could be purchased for 3 per 1 000 face value Calculate the rate of return on your savings Keys Display Description 3 INS IHS 3 64 Stores price of alternate insurance I I 2 28 Calculates rate of return 214 14 Additional Examples File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 It has a 10 5 semiannual coupon using a 30 360 calendar and matures on January 1 2031 The bond is callable on January 1 2006 at 110 that is 1 100 The bond is now selling at 115 174 that is 1 151 74 Determine both the yield to maturity and the yield to call for this bond First calculate the yield to maturity Keys Display Description FIN BOND Displays BOND menu TYPE 368 Sets semiannual bond SEMI 36 368 SEMIAHHUAL on 30
51. press TRACE again Keys Print out EXIT FIH FIH TUM TuM 12 ed 17x 12 468 1 G BS 4 VE 5 V 4800 4 500 00 V125 125 00 525 00 PMT PHT las PRINTER PRINTER TRACE TRACE 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 13 Printing 189 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 You lend her the money at 7 simple annual interest to be calculated on a 365 day basis How much interest will she owe you in 60 days and what is the total amount owed The interest is 7 of 450 x ae V Keys Display Description 450 7 434 88 xB Br Annual interest 60 365 Actual interest for 60 318 days 450 453 15 Add principal to get total debt A Solver Equation for Simple Annual Interest DEBT LOAH LOAHx Il Atl eexDARYS 465 DEBT the total owed at the end of the loan period LOAN the original amount principal lent I the annual interest rate as a percent DAYS the number of days in the loan 190 14 Additional Examples File name 17BIl Plus Manual
52. rate 90 6 interest Rate Conversions File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 Cash Flow Calculations The cash flow CFLO menu stores and analyzes cash flows money received or paid out of unequal ungrouped amounts that occur at regular intervals Once yov ve entered the cash flows into a list you can calculate E The total amount of the cash flows The internal rate of return IRR E The net present value NPV net uniform series NUS and net future value NFV for a specified periodic interest rate 1 You can store many separate lists of cash flows The maximum number depends on the amount of available calculator memory The CFLO menu FIN BUS SUM TIME SOLVE CURRX TVM ICNV CFO BOND DEPRC CALIC INSR DELET NAME GET T TOTAL IRR I NPV NUS NFV The CFLO menu creates cash flow lists and performs calculations with a list of cash flows You can also use CFLO with cash flows of equal amounts but these are usually handled more easily by the TVM menu 7 Cash Flow Calculations 91 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Table 7 1 CFLO Menu Labels CALC Accesses the CALC menu to calculate TOTAL IRR NPV NUS NFV INSR Allows you to insert cash flows into a list DELET Deletes cash flows from a list MAME Allows you to name a list Allows you to switch from one list to another or create a new list 7 Turns the prompting
53. retirement I YR the annual dividend rate PV the present value of the retirement account PMT the amount of your deposit It must be constant for the duration of the account FV the future value of the retirement account The purchasing power of that future value depends on the inflation rate and the duration of the account 206 14 Additional Examples File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 postretirement tax rate is 15 what is the after tax future value of the account Assume only the interest will be taxed Assume 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 FIH OTHER PvE BEG 35 WH 8 175 IXYR Oo m 2000 PMT Fl RCL PPT V amp ROD vE V RCL y Display 1P YR BEGIN MODE H 335 68 TnvyR s 16 PVH HE FMT 2 888 He FU 357 648 45 H 888 He 41 7 646 45 Description Sets payment per year and Begin mode Stores number of payment periods until retirement 1 x0 Stores dividend rate Present value of acc
54. successive amortization schedule with the same number of payments press HET 5 Time Value of Money 79 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Next successive set of payments authorized P l2 PMTS 15 24 _ P INT PRIN BAL NEAT TAPLE b To calculate a subsequent schedule with a different number of payments key in that number and press F c To start over from payment 1 using the same loan information press f CLR DATA 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 Your monthly payment is 693 72 Calculate the amount of the first year s and second year s payments that are applied toward principal and interest Then calculate the loan balance after 42 payments 31 years Keys Display FIN THM 12 5 IR TxnvR 12 58 65000 F4 PY 65 000 68 693 72 PMT PMT 693 72 OTHER law CLR DATA 12 PYR ENO MODE AMRT KEY PMTS PRESS LHP gt 12 F F 12 FMTS 1 12 80 5 Time Value of Money Description Displays TVM menu Stores annual interest rate Stores loan amount Stores monthly payment If needed sets 12 payment periods per year End mode Displays AMRT menu Calculates amortization schedule for first 12 File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 IHT PRIH BAL HET IHT PRIH BAL paym
55. that you specify Negative cash flows are discounted at a safe rate that reflects the return on an investment in 14 Additional Examples 209 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 In the CFLO menu calculate the present value of the negative cash flows NPV at the safe rate and store the result in register O Enter zero for any cash flow that is positive 2 Calculate the future value of the positive cash flows NFV at the reinvestment rate and store the result in register 1 Enter zero for any cash flow that is negative 3 In the TVM menu store the total number of periods in N the NPV result in PV and the NFV result in FV 4 Press Ixv R to calculate the periodic interest rate This is the modified internal rate of return MIRR Example Modified IRR An investor has an investment opportunity with the following cash flows Group No of Months FLOW no TIMES Cash Flow O 180 000 5 100 000 2 5 100 000 3 9 O 4 I 200 000 Calculate the MIRR using a sate rate of 8 and a reinvestment risk rate of 13 Keys Display Description FIM CFLO Displays current cash flow list few CLRDATA
56. the number of compounding periods see Compounding Periods Different trom Payment Periods page 87 mM To change the Begin End mode press BEG or END m Press to return to the primary TVM menu 66 5 Time Value of Money File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 There are two ways to set values to zero E Before storing any TVM values press f CLR DATA to clear the previous TVM values E Store zero for example pressing O Fi sets FV to zero Loan Calculations Three examples illustrate common loan calculations For amortization of loan payments see page 77 Loan calculations typically use End mode for payments Example A Car Loan You are financing the purchase of a new car with a 3 year loan at 10 5 annual interest compounded monthly The purchase price of the car is 7 250 Your down payment is 1 500 What are your monthly payments Assume payments start one month after purchase in other words at the end of the first period What interest rate would reduce your monthly payment by 10 PV 7 250 1 500 FV 0 ISM YR 10
57. the equation To check how good this result is you can repeat the calculation by pressing the menu key for the variable you solved for If the two sides of the equation have not been calculated to be exactly equal the calculator displays a message with the values for the lett and right sides of the equation Read Solver Calculations in appendix B for an explanation of the meaning of this display E Case 2 The calculator displays a message with the calculated unequal values of the left and right sides of the equation The Solver has found a possible solution but you must interpret its validity To see the questionable solution press or CLR Refer to Solver Calculations in appendix B for more information Case 3 The calculator displays BAD GUESSES PRESS CCLRI TO WIEW The Solver cannot begin the search with the current guesses Press or to view the starting guesses To supply new guesses see Entering Guesses below E Case 4 The calculator displays SOLUTION HOT FOUND 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 Halting and Restarting the Iterative Search When the Solver is iteratively searching for a solution in other words when the Solver is displaying sets of estimates you can halt the calculation by pressing any key except ig The calculator displays the message INTERRUPTED To see t
58. the following measures E Reorient or relocate the receiving antenna m Relocate the calculator with respect to the receiver Canada This Class B digital apparatus complies with Canadian ICES 003 Cet appareil numerique de la classe B est conforme a la norme NMB 003 du Canada Japan TOREJ MLB S SRS BE Mil hes VCC E LET SIARRNRE CT CORB KER CEAT AT ch BHMELTWIETA CORBNIVAPTLEV AU RIE RIC WEL CBA ENSE RBBSES SHO TCEMHVET Ay tat BASS IIE gt TIE LUYER YU RUA LTS FESLY Noise Declaration In the operator position under normal operation per ISO 7779 LpA lt 70aB A Assistance Batteries Memory and Service 237 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 More About Calculations IRR Calculations The calculator determines IRR for a set of cash flows using mathematical formulas that search for the answer The process finds a solution by estimating an answer and then using that estimate to do another calculation in mathematical terms this is called an iterative process 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 In these cases the calculator displays a message to help you interpret what has happened Possible Outcomes of Calculating I
59. to calculator line 911 472 12 y Reusing the Last Result f LAST The LAST 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 39 8 V123 17 Keys Display Description 123 17 148 48 Calculates 123 17 11 83 Calculates V140 39 8 SE Copies 11 83 to the a LAST 4r 68 11 83 calculator line 3 9 Completes the calculation 44 2 Arithmetic File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 An equivalent keystroke sequence for this problem would be 39 8 E C9123 17 D ll Storing and Recalling Numbers The key copies a number from the calculator line into a designated storage area caled a storage register There are ten storage registers in calculator memory numbered O through 9 The key recalls stored numbers back to the calculator line V If there is more than one number on the calculator line stores only the last number in the display To store or recall a number 1 Press or RCL To cancel this step press 2 Key in the register number The following example uses two storage registers to do two calculations that use some of the same numbers 475 6 560 1 475 6 39 15 39 15 V V Keys Display Description 475 6 473 68 Stores 475 6 into register l 39 1
60. to solve for QTY it will begin by using the estimates 100 and 200 Keys Display Description 100 aT QTY 166 86 The first guess for QTY 200 QTY WT Y lt 88 ae The second guess for QTY 182 12 The Equation Solver File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 ATY OTY 266 BEEEEEEEE Solves for QTY iteratively HTT 1606 BBR Reet WTY ler ar 12 The Equation Solver 183 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 13 Printing The calculator can print information using the HP 82240 Infrared Printer which accepts the infrared signal from the printer port This chapter describes information you can print Operation of the printer is covered in the printer owner s manual Port hp 17bll financial calculator LA The print annunciator mmmm appears in the display whenever the calculator sends information through its printer port Because communication goes only one way from calculator to printer the calculator cannot determine whether the printer is receiving information If a printing operation involves many lines of information the calculator slows its transmission rate to allow the printer time to print To preserve battery power the calculator will not transmit data to the printer when the low power annunciator EZ is on If a low power condition occurs after you ve started a printing operation printing stops and the
61. turn the TIMES prompting on See Prompting for TIMES below TIMES is the number of consecutive occurrences of FLOW 1 TIMES has You can do calculations with a number before entering it This does not interfere with the list When you press INPUT the evaluated expression or number is entered into the list 7 Cash Flow Calculations 95 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 been automatically set to 1 and 1 is displayed on the calculator line Do either a or b a To retain the value 1 and go on to the next flow press or b To change TIMES key in the number and press fa Given TIMES TIMES 1 1 RR Calculator line 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 8 Press to end the list and restore the CFLO menu You can now proceed to correct the list name the list get another list or do calculations with the values Use these same instructions to enter additional lists Prompting for TIMES T When the calculator displays TIMES 1 1 it is prompting you for the number of times the current flow occurs If all your cash flows are different 4TIMES always 1 then you don t need the TIMES prompt You can turn the prompting for TIMES on and off by pressing 1 in the CFLO menu This produces a brief message eith
62. using one of three calendars actual 365 day or 360 day E Adds or subtracts days from a date to determine a new date The calendar for date arithmetic runs from October 15 1582 to December 31 9999 To display the CALC menu press TIME then CALC 11 Time Appointments and Date Arithmetic 149 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Table 11 4 CALC Menu Labels for Date Arithmetic Menu Description Label DATE1 Stores or calculates a date Also displays the day of the week If you omit the year the calculator uses the DATE current year DAY S Stores or calculates the number of actual days between DATE and DATE2 recognizing leap years 3680 Calculates the number of days between DATE and DATE2 using the 360 day calendar 30 day months 3650 Calculates the number of days between DATE and DATE2 using the 365 day calendar ignoring leap years TODAY A shortcut recalls the current date which can then be stored in DATE or DATE2 The calculator retains the values for the TIME CALC variables DATEI DATE2 DAYS until you clear them by pressing f CLR DATA while the CALC menu is displayed To see what value is currently stored in a variable press menu label Determining the Day of the Week for Any Date To find the day of the week for any date key in the date and press DATE or DATEe Calculating the Number of Days between Dates To calculate the number of day
63. values for one variable You can select one of four curve fitting models Linear Curve Fit Exponential Curve Fit y B Mx y Be Logarithmic Curve Fit Power Curve Fit y B M In x y Bx The exponential logarithmic and power models are calculated using transformations that allow the data to be fitted by standard linear regression The equations for these transformations appear in appendix B The logarithmic model requires positive x values the exponential model requires positive y values and the power curve requires positive x and y values 10 Running Total and Statistics 133 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 From the SUM menu press CALC MORE FRCST to display a menu of SUM list names The current list is labeled CURF unless named otherwise Press a menu key to select a list of x values independent variable Select a list of y values dependent variable Now you see the FRCST menu Whichever curve fitting model was used last is named in the display If you want to select a different model press MORE MODL and then the menu key for the model To calculate the curve fitting results press CORR M and E To forecast estimate a va
64. x variable and MINUTES were the dependent y variable 10 Running Total and Statistics 137 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 tind 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 Enter the corresponding weights or frequencies the y variables into another list To calculate G SD the y values should be integers 3 From the SUM menu press CALC MORE FRCST to display a menu of SUM list names The current list is CURF unless named otherwise Press the menu key for the list of x values Now select the list with the weights or frequencies y To calculate the weighted mean press MORE W MH SN GO OU amp To calculate the grouped standard deviation press G SD Example Weighted Mean A survey of 266 one bedroom rental apartments reveals that 54 of them rent tor 200 per month 32 for 205 88 for 210 and 92 for 216 What is the average monthly rent and its standard deviation Create two SUM lists The first called RENT should contain the numbers 200 205 210 and 216 in that order The second can be unnamed and should contain the numbers 54 32 88 and 92 in that order Keys Display Description SUF law CLR DATA Clears current lis
65. 0 7 Cash Flow Calculations 103 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 _ CALC HPVS2 762 435 Calculates new NPV HPV 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 00S 00S 00S O O O O O oa o O Oo SE b FLOW 1 FLOW 2 FLOW 3 FLOW A4 FLOW O 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 than 1 Group Number Number of Times Initial 2 3 4 Keys Display Description FIH Current cash flow list and CFL CFLO menu baw CLR DATA Clears current list TIMES YES FLOW B prompting is turned on 104 7 Cash Flow Calculations File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 9000 FLOWS 13 7 500 H TIMES i3 1 3 FLOM C2a 1000 4 FLOW 3957 0 FLOW 4957 1500 INPUT 3 FLOWCS3 7 CALC Te IRRE 1 52 VW 12 Ik Ix 6 75 HPY HPW 492 95 HEL HFWV 525 12 Stores the initial cash flow Stores FLOW 1 and prompts for TIMES 1 FLOW 1 occurs 3 times prompts for next cash flow Stores FLOW 2 four times Stores FLOW 3 one time the 1 is automatically entered Stores FLOW 4 three times Displays the
66. 030709 Print data 2003 7 11 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 Rate Euro EUR 1 0842 Canadian CAN 6584 Hong Kong HK 1282 The chart states these equivalencies 1 EURE is equivalent to 1 0842 US 1 CAN is equivalent to 0 6584 US 1 HK is equivalent to 0 1282 US Part 1 Select the currencies and calculate an exchange rate form them Keys Display Description CURRY ENTER A RATE Display the CURRX menu SELCT CAMS SELECT CURREWMCY 2 Select CAN as currency US ENTER A RATE Select US as currency 2 1 CANE CAHS 1 86 Store number of CAN The chart is in terms of United States dollars Many charts have two columns a Buy column and a Sell column The Buy column is used for transactions in which the Bank buys the listed currency from you in exchange for United States dollars Thus if you arrive in United States with CAN the exchange rate in the Buy column applies for buying US with your CAN The Sell column applies for selling US in exchange for CAN 4 Currency Exchange Calculation 57 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 0 6584 US US
67. 030709 Print data 2003 7 11 MAY OR HO SOLUTIONS The calculator is unable to calculate IXYR 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 You may be able to perform the calculation using the CFLO menu to calculate IRR MAW YHOO SOLUTIONS KEY IH GUESS CSTOJ IRR The calculation of IRR is complex and requires you to store a guess Refer to page 238 MEMORY LOST Continuous Memory has been erased page 224 230 HAME RLRERODY USED TYPE A HAME CINPUTI The list name you ve attempted to enter is already in use type in a new name and press INPUT MO SOLUTION No solution is possible using the values stored in the current builtin menu or list This most commonly results from an incorrect sign for a cash flow or other monetary value Review page 64 H H6 OR H HOHINTEGER Attempted to calculate the factorial of a negative or non integer value OVERFLOM A warning not an error that the magnitude of a result is too large for the calculator to handle so it returns 9 99999999999E499 rounded to the current display format See page 47 for limits SOLUTION HOT FOUND Error Messages 287 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 No solution was found for a Solver equation using the current values stored in its variables Refer to page 246 in appe
68. 108 9 Call 110 112 Canadian mortgage 197 99 292 Index File name 17BIl Plus Manual E PRINT 030709 252 Capitalized value lease 74 75 Cash flow calculations 91 107 equations 248 list See CFLO list Cash flow diagrams in cash flow calculations 92 94 in TVM calculations 64 66 Cash flows equal See Cash flows grouped grouped 94 104 initial 94 95 maximum number of 91 sum of 101 ungrouped 93 zero 94 95 CDATE 169 CFLO list CALC menu 101 clearing 99 copying from 98 correcting 97 creating 94 definition 91 deleting numbers 98 editing 92 97 entering numbers in 95 97 GETting a new list 99 inserting numbers 98 name clearing 99 naming 98 99 printing 187 Print data 2003 7 11 7 signs of numbers 92 starting a new list 99 viewing name of current list 99 viewing numbers 97 Chain calculations 21 38 39 38 in RPN 266 274 Changing batteries 225 26 the sign of a number 22 Characters for CFLO list 98 99 for equation names 161 for SUM list 126 in equations 166 67 inserting and deleting 31 32 Chi squared 219 20 Clearing 20 CHG variables 50 T variables 50 AMRT variables 80 appointments 146 148 BOND variables 109 BUS variables 50 calculator memory 28 29 CFLO lists 95 99 ICNV variables 86 menu variables 28 menus 28 MU C variables 50 MU P variables 50 numbers in RPN 272 Solver variables 163 SUM lists 123 File name
69. 25 years 13 8 IXYR InVvR 13 98 Stores annual interest rate 75250 PW PY 75 258 Ae Stores amount of the loan PMT PHT 894 43 Calculates monthly payment 70 5 Time Value of Money File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 Step 2 Calculate the balloon payment after 4 years 894 33 Stores rounded PMT value PMT PMT 694 33 for exact payment amount no fractional cents Aw NH H 465 46 Figures and stores number of payments in 4 years Fy PY 7 3 469 51 Calculates balloon payment after four years This amount plus last monthly payment repays the loan 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 FV 3 000 PMT 0 I YR 7 2 P YR 1 N PV 2 000 The PMT stored in the previous step is the 1 2 digit number 894 330557971 The calculation of the balloon payment must use the actual monthly payment amount the rounded number 894 33 an exact dollars and cents amount 5 Time Value of Money 71 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Keys FIH THM baw CLR DATA OTHER F YE 7 2 xR 2000 Pi 3000 Fi Display 12 PYR ENO MODE i PAYE ENO MODE
70. 3 7 11 7 Keys Display Description FIN TuM If necessary sets 12 OTHER payments per year and baw CLR DATA End mode 12P 7R EHD MODE 10 ww H H 126 68 Stores total number of payments 1000000 Calculates annual interest 12 126 868 66 on 1 000 000 12 PMT PMT 18 088 48 Calculates then stores monthly payment 1000000 FY FY 1 888 888 88 Stores entire loan amount as balloon payment 3 Calculates then stores Pi PU 9 7 H Be amount borrowed total points IXVR IavRele 33 Calculates APR the yield to lender Example Savings for College Your daughter will be going to college in 12 years and you are starting a fund for her education She will need 15 000 at the beginning of each year for four years The fund earns 9 annually compounded monthly You plan to make monthly deposits starting at the end of the current month How much should you deposit each month to meet her educational expenses See figures 14 1 and 14 2 chapter 14 for the cash flow diagrams Remember to press the key for while working in a list Pressing will add data to the list not perform an ENTER 278 F RPN Selected Examples File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 Keys Display Description FIM CFLO Displays current cash flow list and CFLO menu keys law CLR DATA Clears current list or gets a YES new one or GET HEH FLOW H357 Step 1 Set up a CFLO list Keys Display D
71. 3 7 11 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 E E Space E Punctuation and special characters B Non English letters Alpha ABCDE FGHI JKLM NOPQ RSTUV WXYZ menu Letters F G H space OTHER R S T U V OTHER space lt gt TD SACUVEP RAGNE OTHER ACko A lera FJ To type a letter you need to press two keys for example A is produced by the keystrokes ABCDE A Each letter menu has an OTHER key for accessing punctuation and non English characters The letter menus with just four letters for example FGHI include a space character To familiarize yourself with the ALPHA menu type in the equation for the cost of carpeting The necessary keystrokes are shown below Note the access to the special character Use if necessary to make corrections If you need to do further editing refer to the next section Editing ALPHAbetic Text When you re satisfied that the equation is correct press INPUT to enter the equation into memory 30 1 Getting Started File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Keys Characters ba MAIN SOLVE NEH HOPG F F HAYZ OTHER MORE P WZ Y ABCDE D Pe YD JELM L PeYDxLx wiz GE Pe YOxLxW 9 ABCOE C Noe oO PeYDx
72. 32 33 Service 235 36 SET menu 143 Setting a language 18 37 Setting an appointments 146 47 Settings default start up 230 Settlement date 109 SGN 170 Shared variables in BUS 53 File name 17BIl Plus Manual E PRINT 030709 in equations 162 in ICNV 86 Shift 19 Sign of numbers in cash flow calculations 92 in TVM calculations 64 Simple interest 40 with annual rate 190 with annual rate RPN 276 Slope in curve fitting 132 134 Small numbers keying in and displaying 47 Smallest number available 47 in a list 128 SOLVE menu 260 Solver 153 83 See also Equations Solver calculations 155 158 59 creating custom menus 153 54 how it works 179 83 multiple solutions in 179 technical discussion of 240 46 using 153 68 Solver estimates seeing curren 240 46 Solver functions 168 71 Solver list clearing 162 64 current equation 156 Index 305 Print data 2003 7 11 7 definition 153 deleting equations 157 162 64 deleting variables from 162 64 editing an equation 157 empty 156 entering equations 157 58 printing 187 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 Specitying the number of decimal places 34 SPFV 171 246 SPPV 171 246 SQ 171 SQRT 171 Square root calculating 41 265 Solver 171 Square Solver 171 Squarin
73. 360 calendar CLR DATA 344368 SEMIANNURL Clears variables sets CALL to 100 3 162003 SETT SETT Stores today as 6371672003 SUH purchase date 1 012031 MAT MAT 81 81 2631 WED Stores maturity date 10 5 CPH CPHA 18 56 Stores coupon rate MORE Stores price Displays 115 174 PRICE PRICE 115 1 only two decimal places but stores all three VLD TLOA 3 B Calculates yield to maturity 14 Additional Examples 215 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 Second calculate the yield to call Keys Display Description MORE TLOA 2 48 Returns to first BOND menu 1 012006 Changes maturity date MAT MAT 81 61 2886 SUH to the call date 110 CALL CALL 116 66 Stores call value MORE LOX TLDA 7 63 Calculates a yield to call 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 A discounted note is a note that is purchased below its face value The following equations find the price or yield of a discounted note The calendar basis is actual 360 Solver Equations for Discounted Notes To find the price given the discount rate MOTE PRICE RV COISCxRVxDDAYS SETT MAT 13 46888 2 To find the yield given the price or to find the price given the yield HOTE TTELOD RV PRICES PRICEx3s6868 DOARYSCSETT MAT 1 PRICE the purchase price per 100 face value Y
74. 5 Stores 39 15 rightmost 2 473 6839 15 number into register 2 12 15 Completes calculation 560 1 Recalls contents of register 566 1 475 68 l J RCL 2 1 835 HS 33 15 Recalls register 2 26 43 Completes calculation 2 Arithmetic 45 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 The and keys can also be used with variables For example Mx in the MU C menu stores the rightmost number from the display into the variable M C MxC copies the contents of M C into the calculator line If there is an expression in the display V such as 2 4W then the recalled number replaces only the last number You do not need to clear storage registers before using them By storing a number into a register you overwrite whatever existed there betore Doing Arithmetic Inside Registers and Variables You can also do arithmetic inside storage registers Keys Display Description 45 7 3 45 78 Stores 45 7 in reg 3 25 3 2 568 Multiplies contents of register 3 by 2 5 and stores result 114 25 back in register 3 3 114 25 Displays register 3 Table 2 3 Arithmetic in Registers New Register Contents old register contents displayed number old register contents displayed number old register contents x displayed number old register contents displayed number STO a old register contents displayed number 46 2 Arithmetic File name 17BIl Plus Manual E PRINT 030709
75. 7BIl Plus Manual E PRINT 030709 Print data 2003 7 11 A Solver Equation for Moving Averages MAVG ECT MAaAC Lt LAST HN 134 LAST 1 ITEM name 34 MINGH LAST3 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 The following example assumes that you have entered the equation MAVG into the Solver using VOL for the SUM list s name For instructions on entering Solver equations see Solving Your Own Equations on page 30 Example A Moving Average in Manufacturing Calculate a three month moving average for the number of units manufactured during the first half of the year Manutacturing volumes are January February March April May June 4400 5360 2900 3670 4040 3200 Keys Display Description SUM Displays SUM menu and current list few CLRDATA YES Clears current list or or gets GET MEW ITEM 1357 a new one 4400 Enters data 5360 2900 3670 218 14 Additional Examples File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 4040 3200 HAME VOL SOLVE use Y and 4 if necessary CALC 3 4H 3 LAST MAG 4 LAST MAG 5 LAST MAG 6 LAST MAG ITEMN 7357 TOTAL 23 378 68 ITEE fae H 3 868 MAVG 4 228 Be MAVG 3 976 67 MAVG 3 536 67
76. 8 66 Stores equivalent number of US RATE RATE 4 66 Calculates the RATE Part 2 The following keystrokes show that you can reverse the order in which the two currencies are selected Keys Display Description SELT US SELECT CURRENCY 2 Select US as currency 1 CAHE ENTER A RATE Select CAN as currency 2 CAME CAHS 1 48 Store number of CAN 0 6584 US US 8 66 Stores equivalent number of US RATE RATE 1 32 Calculates the RATE 1 0 6584 Example Storing an Exchange Rate If you choose to store the exchange rate directly you must select the currencies in the correct order since the RATE is defined as the number of units of currency 2 equivalent to one unit of currency 1 Use the United States conversion chart on page 57 to store an exchange rate for converting between Hong Kong Dollars and U S Dollars Keys Display Description Lani EHTER A RATE Display the CURRX menu SELCT MORE Select HK as currency MORE MORE HE4 SELECT CURRENCY 2 US ENTER A RATE Select US as currency 2 0 1282 RATE RATE 8 13 Store the RATE 58 4 Currency Exchange Calculation File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 calculat
77. 86 35 Result price is 86 38 per 100 face value VG ACCRU S36 38 1 65 Adds accrued interest owed the seller fe SEERE Net price Suppose that the market quote for the bond is 88 What yield does it represent 88 25 PRICE PRICE 88 25 Stores quoted price VLD TLOAss 143 Result yield to maturity 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 ata value of 102 75 What is the yield to the call date Use a 30 360 calendar with semi annual coupon payments Keys Display Description FIN BOND Displays BOND menu baw CLR DATA clears variables TYPE 368 Sets bond type if SEMI 36 468 SEMIAHHUAL necessary To see the full precision of the number press SHOW 112 8 Bonds File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 5 022003 SETT SETT AS b2 2HH3S FRI 3 032022 WAT MAT 370372022 THU 6 PHX CPHA 6 68 MORE 5 7 YLOX YLOA 3 PRICE PRICE 163 43 MORE 3 032006 MAT 102 75 CALL CALL 182 5 MORE LO YLO 3 58 Stores purchase date MM DDYYYY format Stores maturity date Stores annual coupon rate Stores yield Calculates price Changes maturity date to call date and stores a call value Calculates yield to call Example A Zero Coupon Bond Calculate the price of a zero coupon semi annual bond using a 30 360 calendar basis
78. 9 Retrieves the number before the operation saved in LAST X 2 03 Final result Chain Calculations The automatic lifting and dropping of the stack s contents let you retain intermediate results without storing or reentering them and without using parentheses This is an advantage the RPN stack has over algebraic calculator logic Other features of RPN include the following You never work with more than two numbers at a time separates two numbers keyed in sequentially Pressing an operator key executes that operation immediately Intermediate results appear as they are calculated so you can check each step as you go E Intermediate results are automatically stored They reappear automatically as they are needed for the calculation the last result stored is the first to come back out You can calculate in the same order as you would with pencil and paper that is from the innermost parentheses outward 4 14 7x3 2 0 12 can be solved as 7 ENTER 3 x 14 4 2 S 4 zy 274 E RPN The Stack File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 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 12 18 ZERI JE Calculate 23 13 x 9 412 14 A Solution 23 13 9 Q 7 glx Calculate 5 4x0 8 12 5 0 7 0 60 A Solution 5 4 8 7 3 D 12 5 kale be O
79. B l C DJG 100 OLD wOt CAX BX 0 3 166x0LD HEXT 0LO Enters equation into list CAAtBAtCA IF Lu EDIT Controls view of full 9 gt aL AEE REECE equation 166x0LD HEXT OLO Displays SOLVE menu CAAtBAtCa as lu 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 B A major sales force training program started causing an expected 5 increase in sales C A competitor is introducing a new product causing an expected 15 drop in sales Calculate the new forecast for next month Menu Label Display Description CALC VERIFYING Verifies that equation is EWUAT TOW valid creates Solver menu with menu labels for this equation 2000 OLD OLO 2 688 68 Stores old forecast 20 AK AaSce Be Stores effect of price drop on sales 5 Hes Bz 5 B6 Stores effect of sales force training on sales 12 The Equation Solver 155 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 15 Cs C 15 06 Stores effect of competitor s new product on sales MEAT HEST 2 206 06 Calculates new forecast for next month 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 u
80. CALC menu Calculates monthly IRR Stores the periodic monthly interest rate Calculates NPV Calculates NFV 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 4 payments of 500 Year 2 4 payments of 1 000 Year3 4 payments of 2 000 Year4 4 payments of 3 000 7 Cash Flow Calculations 105 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 000 L 000 L 000 l 00S 00S OOS OOS FLOW 0 20 000 000 000 C 000 C 000 C 000 L 000 000 000 E 000 Calculate the annual rate of return for this investment The prompting for TIMES should be on Keys Display FIN CFLO CLR DATA YES or GET HEH FL H CHIF 20000 FLOWS 13 7 500 HTIMES C1i3 1 4 FLOHC2 7 1000 4 2000 4 3000 4 106 7 Cash Flow Calculations File name 17BIl Plus Manual E PRINT 030709 Description Current cash flow list Clears the current list or gets a new one This sets the TIMES prompting on Stores the initial cash flow Stores FLOW 1 then prompts for number of times this flow occurs FLOW 1 occurs four times Stores FLOW 2 FLOW 3 and FLOW 4 and the number of times each flow OCCUIS Print data 2003 7 11 7 FLH S257 CALC Calculates quarterly rate IRR IRRA e 43 of return VY 4 E arg Calculates nominal annua
81. E The date is automatically set to the current date if the existing date is in the past or was cleared For 12 hour format press AFM to switch between AM and PM 5 Setting the appointment date Key in the date in the current date format For example enter October 4 2003 as 10 042003 month day year format or 4 102003 day month year format Press DATE If the appointment is within a year from today you can omit the year 6 The appointment message optional To set change or just view a 146 11 Time Appointments and Date Arithmetic File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 message press MSG Type the message refer to page 30 for using the ALPHA menu Messages are limited to a maximum of 22 characters Press when done Press to negate any changes and retain the original message 7 The repeat interval optional To set view or change a repeat interval press FFT Key in an integer and press the appropriate key For example 2 DAY causes the appointment to go off at the same time every other day 90 MIN sets the repeat interval to 11 2 hours HOME sets the appointment to non repeating You can specify repeat intervals up to 104 weeks in length 728 days 17 472 hours etc 8 When done press to return to the APPT menu The appointment you just set will be recorded such as SET 1 You can check an appointment by pressing its menu key such as APTI restores an appointment s t
82. EPRC Depreciation using Chapter 9 SL DB and SOYD methods or ACRS BUS Percent of total percent Chapter 3 Business Percentages change markup on cost markup on price SLM Lists of numbers running Chapter 10 Statistics total mean weighted statistics forecasting summation statistics and more TIME Clock calendar Chapter 11 Time Manager appointments date arithmetic SOLVE Creates customized menus Chapter 12 Equation Solver from your own equations for calculations you do often CURRY Converting any currency to Chapter 4 Currency Exchange its equivalent in another currency 24 1 Getting Started File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 MAN menu BUS FIN BUS SUM TIME SOLVE CURRX BUS menu CHG TOTL MU C MU P cri MU C menu COST PRICE M C f EXIT La MAIN mM Press BUS to choose the BUS menu Then press MUC to choose the MU C menu E Press to return to the previous menu Pressing enough times returns you to the MAIN menu E Press MAIN to return to the MAIN menu directly Whe
83. 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 280 F RPN Selected Examples File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 FIN THI OTHER 1 PR BEG i FYR BEGIN MODE 35 H H 35 BB 8 175 IXYR IxXYR 8 18 Q PM PV H4 He 2000 J PMT FMT 2 000 00 Fi FUS387 648 45 RCL PMT RCL H 70 BAG BG RCL FW 317 640 45 Description Sets payment per year and Begin mode Stores number of payment periods until retirement 1 x 35 Stores dividend rate Present value of account before first payment Annual payment deposit Calculates amount in account at retirement Calculates total amount paid into IRA by retirement Calculates interest you will earn 15 47 646 07 Taxes at 15 of interest Fi Subtracts taxes from total 339 994 39 FV to calculate after tax FV Fw Fi 339 994 39 Stores after tax future value in FV F RPN Selected Examples 281 File na
84. HP 17bll Financial Calculator Owner s Manual O invent Edition 1 Part Number F2234 90020 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Notice For warranty and regulatory information for this calculator see the owner s manual This manual and any examples contained herein are provided as is and are subject to change without notice Hewlett Packard Company makes no warranty of any kind with regard to this manual including but not limited to the implied warranties of merchantability and fitness for a particular purpose Hewlett Packard Co shall not be liable for any errors or for incidental or consequential damages in connection with the furnishing performance or use of this manual or the examples contained herein Copyright 2003 Hewlett Packard Development Company L P Reproduction adaptation or translation of this manual is prohibited without prior written permission of 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 4995 Murphy Canyon Rd Suite 301 San Diego CA 92123 Printing History Edition 1 June 2003 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Welcome to the HP 17bll The HP 17bll is part of Hewlett
85. IELD the yield as an annual percentage RV the redemption value per 100 DISC the discount rate as a percent SETT the settlement date in current date format MAT the maturity date in current date format 216 14 Additional Examples File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 maturity date March 17 2004 discount rate 8 7 Assume month day year format Select the NOTE PRICE equation in the Solver Keys Display Description CALC Creates menu 10 142003 Stores known values SETT SETT 16 14 3 172004 MAT MAT 3 1 8 DISC DISC 8 100 RM RV 168 He PRICE PRICE 36 25 Calculates price v CALC HOTE 7TELO Displays NOTE YIELD CRM PRICE Ju equation then its menu YIELD YIELO 3 64 Calculates yield Statistics Moving Average Moving averages are often useful in predicting trends in data taken over a period of time In moving average calculations a specitied number of points is averaged Each time a new point is acquired the oldest point is discarded Thus the same number of points is used in each calculation 14 Additional Examples 217 File name 1
86. IHTERRUPTED Calculation of I YR IRR amortization results a Solver variable or a SUM list sort was interrupted IHVALIO DATE Error Messages 285 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 m The number entered cannot be interpreted as a proper date Check its format page 143 E Attempted to set a date outside the range 1 1 2000 through 12 31 2099 or attempted date arithmetic outside the range 10 15 1582 through 12 31 9999 IHVALIO EQUATION E The Solver cannot interpret the equation due to a syntax error Refer to What Can Appear in an Equation page 166 E A variable s name is invalid Refer to Names of Variables page 166 IHVALIO INPUT m Attempted to store into a built in variable a number that is outside the range of values permitted for that variable E The number entered cannot be interpreted as a proper time E The appointment s repeat interval is out of range m Attempted to enter a non integer negative number when specifying the number of displayed decimal places in DSP INVWALIO H Attempted to calculate I YR with N lt 0 99999 or N 10 IRR gt BEATSTS KEY IH GUESS CSTO 1IRR4 Calculation of IRR produced a negative answer but the calculator has determined that there is also a unique positive answer Refer to page 238 MACHINE RESET The calculator has been reset page 224 228 286 Error Messages File name 17BIl Plus Manual E PRINT
87. IME Menu Labels 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 Displays the SET menu for setting the time and date and for selecting the time and date formats 142 11 Time Appointments and Date Arithmetic File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Setting the Time and Date SET Table 11 2 The SET Menu Labels DATE Sets the date to the displayed number MM DDYYYY or DD MMYYYY TIME Sets the time to the displayed number HH MMSS APM Switches between AM and PM 12 hour clock M O Switches between month day year and day month year formats 12 24 Switches between 12 hour and 24 hour clock formats HELF Displays the formats for entering the clock s date and time To set the time 1 Press TIME SET to display the SET menu 2 Key in the correct time in the current format A or P indicates the 12 hour clock For example for 9 08 30 p m enter 9 0830 in a 12 hour clock or 21 0830 in a 24 hour clock 3 Press TIME to set the new time 4 For 12 hour format press AFM to switch between AM and PM To set the date 1 Key in the correct date in the current format For example for April 3 2003 enter 4 032003 in month day year format or 3 042003 in day month year format 2 Press DATE 11 Time Appointments a
88. If you need to use the MATH menu just press fa MATH do the calculation then press EXT to return to where you were in SUM 10 Running Total and Statistics 123 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 After briefly showing ITEM 1 the display shows ITEM 2157 TOTAL number TOTAL is the updated running TOTAL of all the numbers in the list only one number so far 4 To enter ITEM 2 key in the value and press INPUT J The prompt for 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 6 Press to end the list and restore the SUM menu You can now proceed to correct the list name the list get another list or do statistical calculations Use these same instructions to enter additional lists Viewing and Correcting the List To display a particular list use GET see page 127 The and keys move up and down the list one number at a time ew A and fl Y display the beginning and end of the list Changing or Clearing a Number To change a number atter it s been entered display the number key in the new value and press INPUT Use the same method to clear a number to zero Do not press or which clears the calculator line Inserting Numbers into a List Insertion occurs before or above the current entry Pressing INSF insert
89. LEFT and RIGHT are relatively close together The two estim ates are neighbors Estimate Estimate If you want to know whether LEFT RIGHT is exactly zero press the menu key for the unknown variable If LEFT RIGHT is not equal to zero the calculator displays the values of LEFT and RIGHT LEFT 4 HAAARHRKHAHH RIGHT 1 HEBER The equation could have more than one iterative solution If the answer does not seem reasonable enter one or two guesses and B More About Calculations 243 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 restart the search E Case 2 The calculator displays the values of LEFT and RIGHT which are unequal To see the calculator s result press or CLR J If LEFT 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 If the result seems unreasonable it could be because the equation has more than one solution You might want to enter one or two guesses and restart the search If you want to obtain additional information about the answer press and hold down the menu key for the unknown variable until the numbers in the display stop changing At this point the Solver is displaying the final estimates and the signs of LEFT RIGHT for each estimate HPL 1 P94ach494sq o APL P4ngh454s5 This information can be helpful m Case 2a If the signs of LEFT RIGHT are op
90. LxH 9 C0 RSTU O RST T FPeYOxLxH 93 C05T FeYDsLsH 9 C0ST Note that the is just a character part of the variable s name It is not an operator which is Editing ALPHAbetic Text The companion to the ALPHA menu is the ALPHA Edit menu To display the ALPHA Edit menu press EDIT in the SOLVE menu or press in the ALPHA menu EDIT Te DEL lt e lt gt gt ALPHA EXIT ABCDE FGHI JKLM NOPQ RSTUV WXYZ EXIT 1 Getting Started 31 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 Table 1 4 Alphabetic Editing ALPHA Edit Menu Inserts character before the cursor Any character Deletes character at the cursor DEL Moves the cursor far left one oo display width Moves the cursor left i Moves the cursor right Moves the cursor far right one display width Displays the ALPHA menu again ALPHA Keyboard Backspaces and erases the character before the cursor Clears the calculator line CLR Calculating the Answer CALC After an equation is input pressing CALC verifies it and creates a new customized menu to go with the equation H BE Pe L H COST MY Menu labels for your variables Each of the variables you typed into the equation now appears as a menu label You can store and calculate values in this menu the same way you do in other menus 32 1 Getting Started File name 17BIl Plus Manual E PRINT 030709 Print d
91. MC P CALC MORE FREST SELECT VARIABLE 136 10 Running Total and Statistics Description Displays current SUM list and SUM menu keys Clears current list Stores minutes of advertising x values into a SUM list Names this list See page 30 to use the ALPHA menu Gets a new empty list Stores weekly sales y values into a second SUM list Names y list Identities the lists for curve fitting File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 MIHU SELECT Y VARIABLE Selects MINUTES as xlist SALES LINEAR SALES as y list indicates current curve titting model and displays FRCST menu CORR CORR 8 36 Correlation coefficient for linear model The correlation coetticient 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 7 MINU MIHUTES B Stores 7 in variable MINUTES SALES SALES 3 357 38 Forecasts the sales resulting from 7 minutes of radio advertising How many minutes of advertising should BJ s buy if it wants to attain sales of 3 000 3000 SALES The business should buy MIHU MIHUTES 6 16 about 6 minutes of advertising for sales of 3 000 t If the model named here is not the one you want to use press MORE MOOL and select the one you want f This result is not the same as it would be if SALES were the independent
92. PPU AC CCL TAY Rt266o 01 69 laxleeina 198 14 Additional Examples File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 For the operator press fj y 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 on page 29 Advance Payments Leasing Occasionally payments are made in advance such as in leasing Leasing agreements sometimes call for the extra payments to be made when the transaction is closed A residual value salvage value can also exist at the end of the normal term The following equation calculates the monthly payment and the annual yield when one or more payments are made in advance It can be moditied to accommodate periods other than monthly by changing the number 12 to the appropriate number of payment periods per year Remember the cash flow sign convention money paid out is negative money received is positive A Solver Equation for Advance Payments ADM PATH PV FUseCSPPYC LAvRel2ei ba oast CUSPUCTAYR 12 H ADVO ADY I For the character press Wyz OTHER PMT the monthly payment amount PV the value of the equipment FV the residual value 14 Additional Examples 199 File name 17BIl Plus Manual E PRINT
93. PRINT 030709 Print data 2003 7 11 The 4 and keys move up and down one number at a time iw A and fl Y display the beginning and end of the list Changing or Clearing a Number To change a number atter it s been entered display the number key in the new value and press INPUT Use this same method to clear a number to zero Do not press or which clear the calculator line not the cash flow entry Inserting Cash Flows into a List Insertion occurs before above the current flow Pressing INSR inserts a zero cash flow and renumbers the rest of the list You can then enter a new cash flow and its TIMES For example if FLOW 6 is in the display pressing INSR puts a new zero flow between the previously numbered FLOW 5 and FLOW 6 Deleting Cash Flows from a List Pressing DELET deletes both the 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 Y or a to display the number then press INPUT Naming and Renaming a Cash Flow List A new list has no name You may name it before or atter filling the list but you must name it in order to store another list To name a list 1 Press HAME from the CFLO menu 2 Use the ALPHA menu to type a name The ALPHA and ALPHA Edit menus are covered on pages 30 32 To clear a name press CLR 3 Press INPUT 98 7 Cash Flow Calculations File name 17BlIl
94. PV 60 000 and interest rate I YR 112 2 To find the APR the new I YR use the PMT calculated in step 1 and 276 F RPN Selected Examples File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 FIH THM OTHER law CLR DATA iz F TFE EHO MODE 30m NWH H 368 66 11 5 IXYR 60000 _ Fl PU 68 008 06 Oo Fi FY 8 08 PMT PHT 594 17 RCL Pi 2 PM PU H 55 508 08 LF IxvR 11 76 Description If necessary sets 12 payments per year and End mode Figures and stores number of payments Stores interest rate and amount of loan No balloon payment so future value is zero Borrower s monthly payment Stores actual amount of money received by borrower into PV Calculates APR Example Loan from the Lender s Point of View A 1 000 000 10 year 12 annual interest interest only loan has an origination fee of 3 points What is the yield to the lender Assume that monthly payments of interest are made Before figuring the yield you must 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 F RPN Selected Examples 277 File name 17BIl Plus Manual E PRINT 030709 Print data 200
95. Packard s new generation of calculators m The two line display has space for messages prompts and labels Menus and messages show you options and guide you through problems E Built in applications solve these business and financial tasks Time Value of Money For loans savings leasing and amortization Interest Conversions Between nominal and effective rates Cash Flows Discounted cash flows for calculating net present value and internal rate of return Bonds Price or yield on any date Annual or semi annual coupons 30 360 or actual actual calendar Depreciation Using methods of straight line declining balance sum ot the years digits and accelerated cost recovery system Business Percentages Percent change percent total markup Currency Exchange Exchange calculations between two currencies Statistics Mean correlation coefficient linear estimates and other statistical calculations Clock Time date and appointments Use the Solver for problems that aren t built in type an equation and then solve for any unknown value It s easier than programming E There are 28K bytes of memory to store data lists and equations m You can print information using the HP 82240 Infrared Printer You can choose either ALG Algebraic or RPN Reverse Polish Notation entry logic for your calculations Welcome to the hp17bll 3 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11
96. Polish logician Jan tukasiewicz 1878 1956 While conventional algebraic notation places the operators between the relevant numbers or variables tukasiewicz s notation places them before the numbers or variables For optimal efficiency of the stack we have modified that notation to specify the operators after the numbers Hence the term Reverse Polish Notation or RPN Except for the RPN appendixes the examples and keystrokes in this manual are written entirely using Algebraic ALG mode About RPN on the HP 17bll This appendix replaces much of chapter 2 Arithmetic It assumes that you already understand calculator operation as covered in chapter 1 Getting Started Only those features unique to RPN mode are summarized here m RPN mode m RPN functions m RPN arithmetic including percentages and and arithmetic D RPN Summary 261 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 All other operations including the Solver work the same in RPN and ALG modes The Solver uses algebraic logic only For more information about how RPN works see appendix E RPN The Stack For RPN keystrokes of selected examples from chapter 14 see appendix F RPN Selected Examples Continue reading in chapter 2 to learn about the other functionality of your calculator Watch for this symbol in the margin earlier in the manual VY It identifies keystrokes that are shown in ALG mode and
97. Print data 2003 7 11 You can also do arithmetic with the values stored in variables For example 2 MaC in the MU C menu multiplies the current contents of M C by 2 and stores the product in M C Scientific Notation Scientitic notation is usetul when working with very large or very small numbers Scientific notation shows a small number less than 10 times 10 raised to a power For example the 1984 Gross National Product of the United States was 3 662 800 000 000 In scientific notation this is 3 6628 x10 For very small numbers the decimal point is moved to the right and 10 is raised to a negative power For example 0 00000752 can be written as 7 52 x 10 When a calculation produces a result with more than 12 digits the number is automatically displayed in scientific notation using a capital E in place of x10 Remember that changes the sign of the entire number and not of the exponent Use lt to make a negative exponent Type in the numbers 4 78 x 10 and 2 36 x 107 Keys Display Description 4 78 w E 13 4 78E13 Pressing E J starts the exponent CLR DATA A AA Clears number 2 36 wE Pressing before an 15 2 36E 15 exponent makes it negative 2 36E 15 Pressing makes the entire number negative bes CLR DATA Clears number 2 Arithmetic 47 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Range of Numbers The largest positive and negative numbers avail
98. RCST MORE Select x and y MORE MODL W MN SIZE MORE LIN LOG EXP PWR 2Y2 2XY MORE Figure C 4 SUM Menu For the complete menu see pages 30 31 258 C Menu Maps File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 TIME CALC APPT ADJST SET HR HR MIN MIN SEC SEC APTI APT2 MORE APT10 ALPHA or ALPHA Edit menu DATE TIME A PM M D 12 24 HELP Figure C 5 TIME Menu For the complete menu see pages 30 31 C Menu Maps 259 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 SOLVE CALC EDIT DELETE NEW ALPHA Edit menu ALPHA menu Menu of equation variables Figure C 6 SOLVE Menu DISP FIX ALL MATH LOG 10 X LN EXP N PI MODES BEEP PRNT DBL ALG RPN INTL PRINTER LIST STK REGS TIME MSG TRACE Figure C 7 DSP MATH MODES and PRINTER Menus For the complete menu see pages 30 31 260 C Menu Maps File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 RPN Summary About RPN The RPN appendixes D E and F are especially for those of you who want to use or learn RPN HewlettPackard s original Reverse Polish Notation for operating calculators This calculator can use either RPN or algebraic logic tor calculations you choose which HP s RPN operating logic is based on an unambiguous parentheses free mathematical logic known as Polish Notation developed by the
99. RR These are the possible outcomes of an IRR calculation for which you have not stored a guess E Case 1 The calculator displays a positive answer This is the only positive answer However one or more negative answers may exist E Case 2 The calculator finds a negative answer but a single positive solution also exists It displays IRRa B EXISTS KEY IH GUESS CSTOJ IRR To see the negative answer press To search for that positive answer you must input a guess Refer to Storing a Guess for IRR below There might also be additional negative answers E Case 3 The calculator displays a negative answer and no message 238 B More About Calculations File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 This is the only answer E Case 4 The calculator displays the message MAW YAHOO SOLUTIONS KEY IH GUESS CSTO I RRA The calculation is very complex It might involve more than one positive or negative answer or there may be no solution To continue the calculation you must store a guess E Case 5 The calculator displays HO SOLUTION There is no answer This situation might be the result of an error such as a mistake in keying in the cash flows A common mistake is to put the wrong sign for a cash flow A valid cash flow series must have at least one positive and one negative cash flow Halting and Restarting the IRR Calculation The search for IRR may take a relatively long time
100. The bond was purchased on May 19 2003 and will mature on June 30 2017 and has a yield to maturity of 10 Keys Display FIN BOND law CLR DATA TYPE 360 SEMI 307360 SEMIANNUAL 5 192003 SETT SETT 6571972063 MOH 6 302017 MAT MAT He sh 281F FRI O CPH CFH 6 Be MORE 10 YLOx YLOx 16 66 PRICE PRICE 25 23 Description Clears BOND variables setting CALL to 100 Sets type if necessary check the display Purchase date MM DDYYYY format Maturity date Coupon rate is zero Yield to maturity Calculates price 8 Bonds 113 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 9 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 FIN BUS SUM TIME SOLVE CURRX TVM ICNYVY CFO BOND DEPRC BASIS SALV LIFE ACRS ACRS MORE YR FACT DB SOYD SL MORE Pressing DEPRE displays the DEPRC menu 114 9 Depreciation File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 Table 9 1 DEPRC Menu Labels Menu Description Label BASIS Stores the depreciable cost basis of the asset at acquisition SALW Stores the salvage value of the asset at the end of its useful life If there is no salvage value set SALV 0 LIFE Stores the expected usef
101. US NFV Once you have entered a list of cash flows you can calculate the following values in the CALC menu m Sum TOTAL E 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 If you want the IRR as an effective annual rate then use the FIN ICNV menu to convert from the nominal annual rate to the effective annual rate E Net present value NPV net uniform series NUS and net future value NFV for a specified periodic interest rate 1 100 7 Cash Flow Calculations File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Table 7 2 The CALC Menu for CFLO Lists TOTAL Calculates the sum of the cash flows IRR Calculates the internal rate of return the interest discount rate at which the net present value of the cash flows equals zero Ix Stores the periodic interest rate expressed as a percentage sometimes called cost of capital discount rate or required rate of return NPY Given 1 calculates the net present value the present value of a series of cash flows HUS Given 1 calculates the net uniform series the dollar amount of constant equal cash flows having a present value equivalent to the net present value HFM Given 1 calculates the net future value of a series of cash flows by finding the future value of the net present value The calc
102. YLD PRICE and ACCRU m 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 example a semiannual bond that matures on September 30 will have coupon payment dates on March 31 and September 30 m If the maturity date of a semiannual bond falls on August 29 or 30 then the February coupon payment dates will fall on the last day of February 28 or 29 in leap years Depreciation Calculations For the given year YR ACRS AO e 2 BASIS 100 c BASIS SALV LIFE O E EAA A LIFE YR 1 LIFE 1 IFE x pa ee i eoa LIFE LIFE 250 B More About Calculations File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 x MEAN X MEDIAN x for odd n where j Z gt l MEDIAN i eal for even n where j 5 aeva EE n W MN Zya GSD i RANGE MAX MIN Forecasting Medel naaa _ y B Mx In y In B Mx y B MInx Iny InB MInx B More About Calculations 251 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 Let x Y ze n SX2 X X X SX2 2 Y YY SXY XZ X X Y Y Then M a SX2 B b for LIN and LOG mode
103. YS s Hb I Ia 1 64 Calculates periodic monthly interest rate VY 12 4 13 67 Annual interest rate Canadian Mortgages 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 17bll you need to calculate a Canadian mortgage factor to store as I YR 1 Set End mode and store 12 PE 14 Additional Examples 197 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 2 StoreO PMT 6 HW and 200 FY 3 Add 200 to the annual interest rate make the number negative and store itin Fi 4 Press Ik R to calculate the Canadian mortgage factor 5 Continue the problem by supplying the other mortgage values and solving for the unknown item Do not change I YR from step 4 Example Canadian Mortgage What is the monthly payment required to tully amortize a 30 year 30 000 Canadian mortgage if the interest rate is 12 Keys Display Description FIM TuM Displays TVM menu sets OTHER CLR DATA 12 payments per year i2 PYRE EHD MODE with End mode Q PMT PMT 8 48 6 H H 6 BH 200 PM PYV 288 68 yaa Fy Fil 212 86 I R IavR 11 1 Calculates I YR for Canadian mortgage factor 30 H H 368 68 Stores other values 30000 PY PV 38 688 68 QO FY FU a a8 FMT FMT 361 92 Monthly payment A Solver Equation for Canadian Mortgages CAH PYS PFMTsUSPMYE ELI I YRE 206301 63 108x166 H3 FVUxS
104. able on the calculator are 9 99999999999 x 10 4 the smallest positive and negative numbers available are 1 x 10 47 48 2 Arithmetic File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 FIN BUS SUM TIME SOLVE CURRX CHG TOTL MU C MU P Table 3 1 The Business Percentages BUS Menus O mn a O Percent change The difference between two numbers OLD and XHG NEW expressed as a percentage CH of OLD Percent of total The portion that one number PART is of another TOTL TOTAL expressed as a percentage T Markup on cost The ditference between price PRICE and cost MUC COST expressed as a percentage of the cost M C Markup on price The difference between price PRICE and cost MFP COST expressed as a percentage of the price M P 3 Percentage Calculations in Business 49 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 The calculator retains the values of the BUS variables until you clear them by pressing gg CLR DATA For example pressing f CLR DATA while in the CHG menu clears OLD NEW and CH To see what value is currently stored in a variable press menu label This shows you the value without recalculating it Using the BUS Menus Each of the four BUS menus has thr
105. al 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 E The nominal rate is the stated annual interest rate compounded periodically such as 18 per year compounded monthly E The effective rate is the rate that compounded only once that is annually would produce the same final value as the nominal rate A nominal annual rate of 18 compounded monthly equals an effective annual rate of 19 56 When the compounding period for a given nominal rate is one year then that nominal annual rate is the same as its effective annual rate 84 6 Interest Rate Conversions File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 The ICNV Menu FIN BUS SUM TIME SOLVE CURRX TVM ICNYVY CFO BOND DEPRC PER CONT NOM EFF p 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 periodically 1 Press FIN ICH to display the interest conversions menu 2 Press PER for periodic 3 Key in the number of compounding periods per year and press F 4 To convert to the effective rate first key in
106. alculated with the values stored Then the calculator displays SOLUTION HOT FOUND For example if you enter an equation AREA LxW and then enter values for AREA and W the Solver rearranges the equation to AREA W in order to calculate L However if you enter the value zero for W the Solver cannot find an answer because division by zero is not allowed The Solver can isolate the unknown variable if the equation meets these conditions m The unknown variable occurs only once in the equation The only functions in which the unknown variable appears are ALOG DATE DDAYS actual calendar only EXP EXPM1 IF in then and else clauses only INV LN LNP1 LOG S SQ and SQRT The only operators involving the unknown variable are x and power If you are solving for a variable raised to a positive even power for example A 2 4 there may be more than one solution However if the Solver can isolate the variable it will find one of the solutions using the positive root For example the Solver rearranges A 2 4 to A a calculates the answer 2 f m The unknown variable does not appear as an exponent Exceptions 1 Occurrences of the unknown variable as the argument of the S function are ignored 2 The unknown variable can appear twice within an IF function once in the then clause and once in the else clause t The Solver s ability to find a solution iteratively can often be enhanced by rewr
107. ame 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 8 108 108 110 9 114 114 116 116 118 119 10 121 122 123 123 124 126 126 127 127 127 128 130 133 138 139 140 11 141 141 Bonds The BOND Menu Doing Bond Calculations Depreciation The DEPRC Menu Doing Depreciation Calculations DB SOYD and SL Methods The ACRS Method Partial Year Depreciation Running Total and Statistics 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 lts Name Doing Statistical Calculations CALC Calculations with One Variable Calculations with Two Variables FRCST Curve Fitting and Forecasting Weighted Mean and Grouped Standard Deviation Summation Statistics Doing Other Calculations with SUM Data Time Appointments and Date Arithmetic Viewing the Time and Date Contents 7 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 142 The Time Menu 143 Setting the Time and Date SET 144 Changing the Time and Date Formats SET 144 Adjusting the Clock Setting ADJST 145 Appointments APPT 145 Viewing or Setting an Appointment APT 1 APT 10 147 Acknowledging an Appointment 148 Unacknowledged Appointments 148 Clearing Appointments 149 Date Arithmetic CALC 150 Determining the Day of the
108. ample Balance of a Savings Account Starting today you make monthly deposits of 25 into an account paying 5 interest compounded daily 365 day basis At the end of 7 years how much will you receive from the account Keys Display Description FIH ICHU SELECT COMPOUNODIHG PER COMPOUNDING F Periodic interest rate TIMES conversion menu 365 F P 365 88 Stores bank s compounding periods 5 HOM HOM 3 88 Stores bank s nominal interest rate EFFY EFFa 3 13 Calculates effective interest rate for daily compounding 12 ie P 12 68 Stores number of deposits per year MOM HOMa 5 81 Calculates equivalent nominal interest rate for monthly compounding Switches to TVM menu Tur 4 a NOM value is still in calculator line STO IXYR IaYR 3 81 Stores adjusted nominal interest rate in I YR OTHER 12 Perk Sets 12 payments per BEG l2 PR BEGIN MODE year Begin mode 6 Interest Rate Conversions 89 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7a H Stores 84 deposit periods 254 PMT 25 per deposit and no QO PY PV H AG money before the first regular deposit Fy FVSee519 61 Value of account in 7 years 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 Then change P to 365 for daily compounding and calculate NOM 5 00 This is the bank s
109. and Service File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 E Maintains the selected mode ALG or RPN Erasing Continuous Memory does not aftect the current time and date date and the selected language To erase Continuous Memory press and hold down CLR J the leftmost menu key and the rightmost menu key Press three keys simultaneously When the three keys are released the calculator displays MEMORY LOST Continuous Memory can inadvertently be erased if the calculator is dropped or if power is interrupted Clock Accuracy The clock is regulated by a quartz crystal accurate to within 1 5 minutes per month under normal conditions The accuracy of the clock crystal is affected by temperature physical shock humidity and aging Optimum accuracy is maintained at 25 C 77 F Environmental Limits In order to maintain product reliability observe the following limits E Operating temperature 0 to 45 C 32 to 113 F E Storage temperature 20 to 65 C 4 to 149 F E Operating and storage humidity 90 relative humidity at 40 C 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 A Assistance Batteries Memory and Service 231 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 _ m If the calculator won t turn on 1 Attem
110. and name 1 Display the list you want to clear then press CLR DATA YES This removes the numbers 2 If the list is named you ll see ALSO CLEAR LIST HAME Press YES to remove the name Press H to retain the name with an empty list To remove just one value at a time from a list use DELET Doing Statistical Calculations CALC Once you have entered a list of numbers you can calculate the following values E For one variable the total mean median standard deviation range minimum and maximum You can also sort the numbers in order of increasing value mE For two variables x estimates and y estimates this is also called forecasting the correlation coefficient for different types of curves this is curve fitting the slope and y intercept of the line and summation statistics You can also find the weighted mean and the grouped standard deviation 10 Running Total and Statistics 127 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Calculations with One Variable The CALC menu calculates the following statistical values using one SUM list Table 10 2 The CALC Menu for SUM Lists TOTAL MER MEOH STOEN RAHG MIH HAs SORT FREST Calculates the sum of the numbers in the list Calculates the arithmetic mean average Calculates the median Calculates the standard deviation Calculates the difference between the largest and smallest number me t Finds the s
111. ans can be analyzed with this procedure Use policy surrender values for cash values and the actual after tax amounts for payments premiums and dividends A Solver Equation for Insurance Price INS PREM LVALIx 1 1 180 VAL OIV3 81x FACE VAL 23 INS the price per 1 000 of protection in one policy year PREM the annual premium amount LVAL the value of the policy at the end of last year l the rate of return as a percent on a savings account VAL the value of the policy at the end of the current year DIV the dollar value of the dividend for one year FACE the tace value of the policy for one year The following example assumes that you have entered the above equation into the Solver For instructions on entering Solver equations see Solving Your Own Equations on page 30 14 Additional Examples 213 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 You can earn 6 on a savings account What is the annual price per 1 000 protection Select the correct equation in the Solver Keys Display Description CALC Creates menu 1010 PREM PREM 1 616 68 Stores annual
112. ar life Use this hypothetical ACRS table Year Percentage Deductible Keys Display Description FIH DEPRIC DEPRC menu 25000 BASIS BASIS 25 688 88 Enters basis 15 ACRE ACR S4 15 B6 Tabular value year 1 ACRS ACRS 3 758 48 Deduction in first year 118 9 Depreciation File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 25 ACRS ACRSa 25 BH Tabular value year 2 ACRS ACRS 6 258 88 Deduction in second year 20 ACRE ACR S4 lt 8 ae Tabular value year 3 ACRS ACR S 3 888 BH Deduction in third year 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 This does not apply to the ACRS method Suppose you acquired an asset in October and wanted to depreciate it for 3 years Your fiscal year begins January 1st The depreciation schedule would affect parts of 4 years as shown in the illustration The 3 months trom October to December equal 1 4 year Number of months 3 9 Calendar ae years l 2 3 4 Depreciation years 1 2 k 3 year life gt For SL depreciation partial year calculations are easy calculate the SL value then use 1 4 of that value for the first year the full amount the second and third years and
113. ata 2003 7 11 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 f MAIN Keys Display SOLWE P YOxLeW 3 COST CALC 22 5 Fe D PeYO 22 58 12 i L 12 44 9 H W 9 88 COST COST 276 46 Description Displays the SOLVE menu and the current equation Displays the customized menu for carpeting Stores the price per square yard in P YD Stores the length in L Stores the width in W Calculates the cost to cover a 9 x 12 room Now determine the most expensive carpet you can buy if the maximum amount you can pay is 300 Notice that all you need to do is enter the one value you are changing there is no need to re enter the other values 300 COST COST 368 86 PO Pe YO 25 48 Stores 300 in COST Calculates the maximum price per square yard you can pay Exits Solver If you entered this equation but don t see it now press A or M until you do 1 Getting Started 33 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 Controlling the Display Format The DSP menu press DSP gives you options for formatting numbers You can pick the number of decimal places to be displayed and whether to use a comma or a period to punctuate your numbers SELECT DISPLAY FORMAT FH ALL o e Decimal Places To change the number of displayed decimal places first press the key Th
114. ation in an equation typed into the Solver A Use the multiplication key x You cannot use the letter in the ALPHA menu Q What does an E in a number for example 2 51E 13 mean A Exponent of ten for example 2 51 x 101 Refer to Scientific Notation on page 47 Q The calculator has displayed the message INSUFFICIENT MEMORY What should do A Assistance Batteries Memory and Service 223 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 _ A Refer to Managing Calculator Memory on page 227 for instructions on how to reclaim memory for your use Q The calculator is operating slowly and the m annunciator is blinking Why A The calculator is trace printing Press f PRINTER TRACE to turn off tracing Q How can change the sign of a number in a list without keying in the number again A Press RCL INPUT 4 LINPUT Q The beeper is not working A Check the beeper mode by pressing gj MODES BEEF See also page 36 Q The messages and the menu labels in the display are not in English How do restore the English A Models of the HP 17bll sold in many countries outside of the United States include a menu to select the language for messages and labels To select the English language press f MODES INTL ENGL Power and Batteries The calculator is power by two 3 volt lithium coin batteries When changing batteries use only fresh but
115. ays or prints the following values m The loan balance after the payment s are made E The amount of the payment s applied toward interest mE The amount of the payment s applied toward principal TVM N I YR PV PMT FV OTHER P YR BEG END AMRT rr r M P INT PRIN BAL NEXT TABLE 5 Time Value of Money 77 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Table 5 2 AMRT Menu Labels Description P 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 IHT Displays the amount of the payments applied toward interest FRIH Displays the amount of the payments applied toward principal BAL Displays the balance of the loan HET Calculates the next amortization schedule which contains P payments The next set of payments starts whe re the previous set lett off TABLE Displays a menu for printing an amortization table schedule Displaying an Amortization Schedule For amortization calculations you need to know PV I YR and PMT If you have just finished doing these calculations with the TVM menu then skip to step 3 To calculate and display an amortization schedule 1 Press FIN TM to display the TVM menu Amortization calculations use values of PV PMT and INT rounded to the number of decimal places specified by the
116. ays the total of all the items in the list 122 10 Running Total and Statistics File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 EXIT Creating a SUM List To keep a running total of a list of numbers or do statistical calculations with sets of data first create a SUM list of the values Entering Numbers and Viewing the TOTAL To enter numbers into a SUM list 1 Press SUM You ll see ITEM 13 7 if the current list is empty or ITEM 2 or mores 7 if the list is not empty This is the bottom of the current list TEML Y CALC TMSR DELET MAME GET TOTAL 2 If the list is empty start filling it step 3 If the current list is not empty you can do either a or b a Clear the list by pressing g CLRDATA YES see also page 127 b Geta new list by pressing GET NHEM The old list must be named first Press MAME or see page 126 3 Key in the value of the first item ITEM 1 press for a negative number and press INPUT To view ITEM 1 longer hold down betore releasing it Remember that you can do calculations with a number before entering it This does not interfere with the list Whenever you press INPUT the number or evaluated expression in the calculator line is entered into the list
117. be construed as constituting an additional warranty HP shall not be liable for technical or editorial errors or omissions contained herein FOR CONSUMER TRANSACTIONS IN AUSTRALIA AND NEW ZEALAND THE WARRANTY TERMS CONTAINED IN THIS STATEMENT EXCEPT TO THE EXTENT LAWFULLY PERMITTED DO NOT EXCLUDE RESTRICT OR MODIFY AND ARE IN ADDITION TO THE MANDATORY STATUTORY RIGHTS APPLICABLE TO THE SALE OF THIS PRODUCT TO YOU Service Europe Country Telephone numbers Austria 43 1 3602771203 Belgium 32 2 7126219 Denmark 45 8 2332844 Eastern Europe countries 420 5 41422523 Finland 35 89640009 France 33 1 49939006 Germany 49 69 95307103 Greece 420 5 4 1422523 Holland 3 1 2 06545301 Italy 39 0422 303069 Norway 47 63849309 Portugal 35 1 213 180020 Spain 34 9 7 820111 Sweden 46 851992065 Switzerland 41 1 4395358 German 4 22 8278780 French 39 0422 303069 Italian Turkey 420 5 41422523 UK 44 207 4580161 Czech Republic 420 5 41422523 South Africa 27 11 541 9573 Luxembourg 32 2 7126219 A Assistance Batteries Memory and Service 235 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 Other European countries 420 5 41422523 Asia Pacific Country Telephone numbers Australia 6 1 3 9841 5211 Singapore 6 1 3 9841 521 1 L America Country Telephone numbers Argentina 0 810 555 5520 Sao Paulo 3747 7799 ROTC Brazil 0 800 157751 Mx City 5258 9922 ROTC Mexico
118. ce Stores 225 in COST Calculates markup 52 3 Percentage Calculations in Business File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 Sharing Variables Between Menus If you compare the MU C menu and the MU P menus you ll see that they have two menu labels in common COST and PRICE CHG TOTL MU C MU P COST PRICE M C FF COST PRICE MP Shared variables 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 In other words the variables are shared between the two menus Example Using Shared Variables A food cooperative buys cases of canned soup with an invoice cost of 9 60 per case If the co op routinely uses a 15 markup on cost for what price should it sell a case of soup Keys Display Description EUS MUSC Displays MU C menu 9 6 COST COST 3 66 Stores 9 60 in COST 15 Mat MARKUPAC 15 66 Stores 15 in M C PRICE PRICE 11 84 Calculates retail price What is the markup on price Switch menus but keep the same COST and PRICE MUP Exits MU C menu and displays MU P menu da MARKUPAP 13 64 Calculates markup as a percent of price 3 Percentage Calculations in Business 53 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Currency Exchange Calculations The CURRX me
119. conds Put the batteries back in and turn the calculator on You should see MEMORY LOST 226 A Assistance Batteries Memory and Service File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 INSUFFICIENT MEMORY if you attempt an operation that uses more memory than is currently available If you see this message 1 Complete any calculations in the calculator line press or CLR J This frees the memory that was being used to store each of the numbers and operators 2 To further increase the amount of available memory Rename the named SUM and CFLO lists with shorter names see page 98 and clear any lists you no longer need see page 99 Shorten or delete any messages with appointments see page 146 m Delete any Solver variables or equations you no longer need see page 164 A Assistance Batteries Memory and Service 227 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Resetting the Calculator If the calculator doesn t respond to keystrokes or is behaving unusually attempt to reset it Resetting the calculator halts the current calculation clears the calculator line and displays the MAIN menu Stored
120. current display setting A setting of FIx 2 means that these calculations will be rounded to two decimal places 78 5 Time Value of Money File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 2 Store the values for I YR PV and PMT Press to make PMT a 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 OTHER to display the rest of the TVM menu 4 If necessary change the number of payment periods per year stored in PeYE 5 If necessary change the payment mode by pressing BEG or EMD Most loan calculations use End mode 6 Press AMET If you want to print the amortization schedule go to page 82 to continue 7 Key in the number of payments to be amortized at one time and press P For example to see a year of monthly payments at one time set P to 12 To amortize the entire life of a loan at one time set P equal to the total number of payments N If P 12 the display would show Number of payments Current set of amortized at one time payments to be amortized P l2 PMTs 1 12 P INT PRIN BAL WERT TABLE i c Press to see results 8 To display the results press INT FRIN and EAL or press Y to view the results from the stack 9 To continue calculating the schedule for subsequent payments do a or b To start the schedule over do c a To calculate the next
121. digit separators in a number 1 Press to access the DSP display menu 2 Specify the decimal point by pressing or Pressing sets a period as the decimal point and comma as the digit separator U S mode For example 1 000 000 00 Pressing sets a comma as the decimal point and period as the digit separator non U S mode For example 1 000 000 00 1 Getting Started 35 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 E Press or to clear the error message Press any other key to clear the message and perform that key s function For more explanations refer to the list of error messages just before the subject index Modes Beeper Beeping occurs when a wrong key is pressed when an error occurs and during alarms for appointments You can suppress and reactivate the beeper in the MODES menu as follows 1 Press gg MODES 2 Pressing BEEF will simultaneously change and display the cur rent setting for the beeper E BEEFER OH beeps for errors and appointments E BEEFER OM APF TS OHL Y beeps only tor appointments E BEEFEF OFF silences the beeper completely 3 Press when done Print Press f MODES FR T to specify whether or not the printer ac adapt
122. e how many U S dollars you would receive for 3 000 Hong Kong Dollars Keys Display Description 3000 HEF HE 3 888 Ae Store number of HK US US 3504 68 Calculates equivalent US Part 2 A wool sweater in a shop window costs 75 US What is its cost in HK Dollars Keys Display Description 75 US US 3 48 Store number of US HKF HE 355 He Calculates equivalent HK Storing and Recalling Sets of Currencies Pressing C STO or C REL displays the C STO C RCL menu which is used to store and recall sets of currencies and the rates The menu can store up to six sets of currencies Initially the menu contains six blank labels Storing Sets of Currencies To store the current set of currencies and the rate press Then press C STO any menu key to assign the set to that key For example storing the currencies in the previous example stores currency 1 HK currency 2 US and RATE 0 1282 The values US 75 and HK 585 02 are not stored 4 Currency Exchange Calculation 59 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Recalling Sets of Currencies To recall a stored set of currencies and their exchange rate press C RCL followed by the appropriate menu key The HP 17bll automatically returns to the CURRX menu The equivalency message and menu labels show the recalled currencies and RATE Clearing the Currency Variables Pressing f CLR DATA while the CURRX menu is displayed sets
123. e list press 2 Use the ALPHA menu to type in characters see page 30 and use the regular keyboard to type in digits and arithmetic operators y etc If you make a mistake use to backspace or to start over Or press to bring up the ALPHA Edit menu 3 Press to store the equation 4 Press CALC to verify that the equation is valid and to create its menu labels You now can proceed with your calculations When you press CALC the calculator displays VERIFYING EQUATION 12 The Equation Solver 157 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 while the 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 IHVALIO EQUATION and the cursor will blink at the first character that the Solver could not interpret It is possible that your mistake is somewhere else but this is a good place to start looking since this is where the Solver got stuck The ALPHA Edit menu appears so you can make changes Check to be sure you ve made no typing mistakes and that you ve followed the rules for writing equations given on page 166 under What Can Appear in an Equation An entry that is not an equation will be stored when you press but it cannot be verified when you press CALC Calculating Using Solver Menus CALC
124. e of to other advantages To add a number to itself key in the number and press ENTER Filling the Stack with a Constant The replicating effect of ENTER together with the replicating effect from T into Z of stack drop allows you to fill the stack with a numeric constant for calculations Example Constant Cumulative Growth The annual sales of a small hardware company are projected to double each year for the next 3 years If the current sales are 84 000 what are the annual sales for each of the next 3 years 1 Fill the stack with the growth rate 2 ENTER 2 Key in the current sales in thousands 84 E RPN The Stack 271 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 3 Calculate future sales by pressing x for each of the next 3 years 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 E Press m Press CLR For example if you wanted to enter 1 and 3 but mistakenly entered 1 and 2 these keystrokes would correct it Clearing the Entire Stack Pressing k CLR DATA clears the X register to zero and eliminates the Y Z and T registers reducing the size of the stack to one register The stack expands again when you enter more number
125. ecimal points How do restore the periods A Press 222 A Assistance Batteries Memory and Service File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Q How do change the number of decimal places the calculator displays A The procedure is described in Decimal Places on page 34 Q How do clear all or portions of memory A clears the calculator line CLR DATA clears the data lists or variables accessible trom the current menu Erasing the entire contents of memory is covered in Erasing Continuous Memory on page 230 Q Why am getting the wrong answer using the TVM menu A Be sure to enter a value for all five TVM variables even if a value is zero as FV is for a loan without a balloon Clearing the variables before starting g CLRDATA accomplishes the same thing Check the appropriate payment mode mortgages and loans are typically End mode calculations and specify the number of payments per year PeR Also check that all figures for money paid out are negative the cash flow sign convention Q Can access the TVM menu functions from the Solver A No but you can do the same functions by copying the appropriate financial formulas into the Solver The formulas are given starting on page 168 Q Can access the data stored in my CFLO and SUM lists from the Solver A Yes See Accessing CFLO and SUM Lists from the Solver page 177 Q How do indicate multiplic
126. ee variables You can calculate any one of the three variables if you know the other two 1 To display the CHG TOTL MU C or MU P menu from the MAIN menu press BUS then the appropriate menu label Pressing CHG for example displays COLO MEM Ch 2 Store each value you know by keying in the number and pressing the appropriate menu key 3 Press the menu key for the value you want to calculate Examples Using the BUS Menus Percent Change CHG Example Total sales last year were 90 000 This year sales were 95 000 What is the percent change between last year s sales and this year s Keys Display Description BUS CHG Displays CHG menu 50 3 Percentage Calculations in Business File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 90000 OLD OLO 36 6068 46 Stores 90 000 in OLD 95000 HEH HEH 95 06G HA Stores 95 000 in NEW CH CHANGE 3 56 Calculates percent change 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 12 CH ACHAHGE 12 68 Stores 12 in CH HEM HEH 1 06 388 88 Calculates the value 12 greater than 90 000 Percent of Total TOTL Example Total assets for your company are 67 584 The firm has inventories of 23 457 What percentage of total assets is inventory You will be supplying values for TOTAL and PART and calculating T This tak
127. eginning of each period Typical for savings plans and leasing The Begin and End modes do not matter if PMT O EMO Sets End mode payments occur at the end of each period Typical for loans and investments AMET Accesses the amortization menu See page 78 The calculator retains the values of the TVM variables until you clear them by pressing f CLR DATA When you see the first level TVM menu pressing k CLR DATA clears N I YR PV PMT and FV When the second level menu OTHER is displayed pressing law CLR DATA resets the payment conditions to 12 PR END MODE To see what value is currently stored in a variable press menu label This shows you the value without recalculating it Cash Flow Diagrams and Signs of Numbers It is helpful to illustrate TVYM calculations with cash flow diagrams Cash flow diagrams are time lines divided into equal segments called compounding or payment periods Arrows show the occurrence of cash flows payments in or out Money received is a positive number arrow up and money paid out is a negative number arrow down f The correct sign positive or negative for TVM numbers is w Note consistently show payments out as negative and payments in essential The calculations will make sense only if you 64 5 Time Value of Money File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 receipts as positive Perform a calculation from the point of view of eit
128. emain the same term is 30 years no future value Keys Display Description FIH If necessary sets 12 Tu payments per year and OTHER End mode law CLR DATA 12 F YR ENO MODE 30 ww H H 36A AA Figures and stores number of payments 11 5 ISR Stores interest rate and 60000 PH PV EA AAG AG amount of loan O FY FU 8 a8 No balloon payment so future value is zero PMT PMT 594 17 Borrower s monthly payment RCL PM Stores actual amount of V8 2 money received by Pw FPy 58 560 68 borrower into PV IRYR Calculates APR IsYR 11 76 Example Loan from the Lender s Point of View A 1 000 000 10 year 12 annual interest interest only loan has an origination fee of 3 points What is the yield to the lender Assume that monthly payments of interest are made Before figuring the yield you must 194 14 Additional Examples File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 _ 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 Description FIM TuM If necessary sets 12 OTHER payments per year and laa CLR DATA 12P YR EMD MODE End mode 10 ww H H 126 68 Stores total number of payments V 1000000 Calculates annual interest V2 BE 120 000 00 on 1 000 000 12 PRT PMT 16 8088 48 and calculates then stores monthly payment 1000000
129. en either mM Press FIX type the number of decimal places you want from O to 11 and press INPUT J or E Press ALL to see a number as precisely as possible at any time 12 digits maximum Internal Precision Changing the number of displayed decimal places aftects what you see but does not affect the internal representation of numbers The number inside the calculator always has 12 digits l4 ef456S2H19 You see only these but these digits are digits in F1x 2 also present internally Temporarily SHOWing ALL To temporarily see a number with full precision press f SHOW This shows you the ALL format for as long as you hold down SHOW 34 1 Getting Started File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 Rounding a Number The f RND 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 Description 5 787 ai rori DSP FIX Four decimal places are 4 27S 7R displayed ALL Tror All significant digits trailing zeros dropped DSP FIX Two decimal places are 2 Jro displayed a SHOW FULL PRECISION 1 Temporarily shows full hold v ror precision bes RND Rounds the number to two wal SHOW hold 73 decimal places Exchanging Periods and Commas in Numbers To exchange the periods and commas used for the decimal point and
130. ents but does not display it INTEREST 3 114 16Displays interest paid in PRIMCIPAL 211 45 BALANCE 64 788 52 P 12 PATS 13 24 first year Displays principal paid in first year Displays balance at end of first year Calculates amortization schedule for next 12 payments IHTEREST 8 885 15Displays results for PRIMCIPAL 239 49 BALAHCE 64 349 03 second year To calculate the balance after 42 payments 3 2 years amortize 18 additional payments 42 24 18 18 F IHT PRIH BAL P 1S PATS 25 42 IHTEREST 12 966 995 FRIHCIFAL 419 95 BALAHCE 64 129 605 Calculates amortization schedule for next 18 months Displays results 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 5 Time Value of Money 81 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 6 Press AMRT Ignore the message KEY PMTS PRESS LHP 7 Press TABLE 8 Key in the payment number of the first payment in the schedule and press FIRST For instance for the very first payment FIRST 1 9 Key in the payment number of the last payment in the schedule and press LAST 10 Key in the increment the number of payments shown at one time and press INCR For instance for one year of monthly payments at a time INCR 1 2 11 Press GO Values are
131. er T IMES PROMPTIHG OFF or TIMES PROMPTING OH While prompting is off all cash flows you enter will have TIMES 1 When you are viewing a cash flow list with the TIMES prompting off the calculator displays only those TIMES values that are not 1 The maximum TIMES for each cash flow is 999 96 7 Cash Flow Calculations File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 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 O 500 2 275 125 3 200 Keys Display Description FIH CFLO bes CLR DATA CLEAR THE LIST Asks for confirmation YES FLOW CB a Clears data from list and prompts for initial flow HT TIMES PROMPTING Sets prompting off be OFF cause it is not needed 500 FLOW Las Enters initial flow then 506 Be immediately prompts for next flow 125 FLOW C2a Enters FLOW 1 prompts 123 88 for next flow 275 FLOW SC 335 Enters FLOW 2 prompts 275 88 for next flow 200 FLOW 435 Enters FLOW 3 prompts eH Ae for next flow CALC HEW HUS HFM HEED Ends list and displays Ie CALC menu IRR IRRA 3 66 Calculates IRR Viewing and Correcting the List To display a particular list use GET see page 99 7 Cash Flow Calculations 97 File name 17BIl Plus Manual E
132. er is in use Then press EXIT Double Space Press f MODES DBL to turn double spaced printing on or off Then press EXIT Algebraic Press f MODES ALG to select algebraic entry logic RPN Press gi ODES RFH to select Reverse Polish Notation entry logic 36 1 Getting Started File name 17Bll Plus Manual E PRINT 030709 Print data 2003 7 11 7 Language Press f MODES INTL to change the language Calculator Memory fa MEM The calculator stores many different types of information in its memory Each piece of information requires a certain amount of storage space You can monitor the amount of available memory by pressing ag MEM HYAILABLE MEMORY SH r46 BYTES Lak Number of bytes of Percentage of total memory still free memory still free The amount of memory available for storing information and working problems is about 30 740 bytes Units of memory space are called bytes The calculator gives you complete flexibility in how you use that available memory such as for lists of numbers or equations Use as much of the memory as you want for any task you want If you use nearly all of the calculator s memory you ll encounter the message INSUFFICIENT MEMORY To remedy this situation you must erase some previously stored information 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 Th
133. ere is no cash flow a cash flow of zero for period five and that the investor pays a small amount in period six E Grouped cash flows These occur in a series containing groups of equal consecutive flows Consecutive equal cash flows are called grouped cash flows The series shown here is grouped into two sets of consecutive equal cash flows 7 Cash Flow Calculations 93 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 FLOW 3 1 950 TIMES 3 1 FLOW 1 100 FLOW 2 200 TIMES 1 5 TIMES 2 3 _ nA aI A A A A A o B E S E O 23 gs 22 at gt Q Q Q Q Q O OF O O l eof F ll N N N 4 O Do OD l O O Q O Figure 7 2 Grouped Cash Flows After an initial payment of 100 the investor pays 100 at the end of periods 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 Creating a Cash Flow List To use CFLO be sure your cash flows are occurring at regular intervals and at the end of each period If a period is skipped enter zero for its cash flow If there are any grouped consecutive and equal cash flows the TIMES prompting makes entering the data easier If the cash flows occur at the beginning of each period then combine the first flow with the initial flow which can increase or
134. eriods 12 payments or periods Payment mode the per year end of each period 12 FYR EMD MOLE ON tev PY PMT FY OTHER To second level of TVM Figure 5 1 The First Level of TVM The first level of the TVM menu has five menu labels for variables plus OTHER The OTHER key accesses a second level menu used to specify payment conditions the payment mode and to call up the AMRT amortization menu Ll FYR EMD MODE PAR EEG EMD Figure 5 2 The Second Level of TVM For situations where the amount of the payment varies use the CFLO cash flows menu 62 5 Time Value of Money File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 Table 5 1 TVM Menu Labels Menu Labi First Level H Stores or calculates the total number of payments or compounding periods t For a 30 year loan with 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 30 fs N would set N 360 ey Stores or calculates the nominal annual interest rate as a percentage T Stores or calculates the present value an initial cash flow or a discounted value of a series of future cash flows PMTs FV To a lender or borrower PV is the amount of the loan to an investor PV is the initial investment If PV paid out it is negative PV always occurs at the beginning of the first period PHT Stores or calculates the dol
135. eriods Different from Payment Periods 2 The rest of the calculation is a straightforward TVM problem Remember that money deposited is paid out and therefore negative money withdrawn is received and therefore positive Step 1 Find the adjusted nominal interest rate Keys Display FIN ICW PER COMPOUMOIHG F TIMES 7R 12 i F 12 10 HOM HO M 16 0G EFF EFFx 10 47 4 F P 4 86 Nort MOMx 148 09 Step 2 Calculate the future values Keys Display Tih Description Displays periodic interest rate conversion menu Stores number of compounding periods Stores nominal interest rate Calculates effective interest rate Stores number of withdrawal periods Calculates adjusted nominal interest rate Description Switches to TVM menu 14 Additional Examples 201 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 STO Isk OTHER 4 PAR BEG 750000 PM 20000 F iT Fl 40 H Fl 20 ww H Fi lf g IsYRk 16 68 4P 7R BEGIN MODE PU PS8 000 FMT 26 066 B6 H 4 B FW P4a 364 31 H 46 68 FW 641 824 41 H S8 68 FW 345 985 68 Clears message to show NOM value still in calculator line Stores adjusted nominal interest rate in I YR Sets 4 payments withdrawals per year and Begin mode Stores present initial value of fund Stores withdrawal amount Stores number of withdrawals in 1 year Value of fund at end of
136. es care of all three variables so there is no need to use to remove old data Keys Display Description EUS TOTL Displays TOTL menu 67584 TOTAL TOTAL 67 584 88 Stores 67 584 in TOTAL 23457 PART PAR T 23 457 48 Stores 23 457 in PART Calculates percent of xT TOTAL 34 71 total 3 Percentage Calculations in Business 51 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Markup as a Percent of Cost MU Example The standard markup on costume is 60 The boutique just received a sh C jewelry at Balkis s Boutique ipment of chokers costing 19 00 each What is the retail price per choker Keys Display BUS MUXC 19 COST COST 19 68 6O Mat MAREUPSC 68 68 PRICE PRICE 38 46 Description Displays MU C menu Stores cost in COST Stores 60 in M C Calculates price Markup as a Percent of Price MU P Example Kilowatt Electronics purchases televisions for 225 with a discount of 4 The televisions are sold for 300 What is the markup of the net cost as a percent of the selling price What is the markup as percent of price without the 4 discount Keys Display BUS MUP V 225 4 COST COST 216 68 300 PRICE PRICE 280 00 MZF MARKUPEP 28 0A Use 225 for COST and leave PRICE alone 225 COST COST 225 66 MAP MAREUPSP 25 68 Description Displays MU P menu Calculates and stores net cost in COST Stores 300 in PRICE Calculates markup as a percent of pri
137. escription O FLOHE12 7 Sets initial cash flow FLOW 0 to zero O TIMES 13 1 Stores zero in FLOW 1 and prompts for the number of times it occurs 12 ENTER 12 x 1 For ENTER press not FLOW 23 INPUT Stores 143 for 11 years 11 months in TIMES 1 for FLOW 1 15000 TIMES 22 1 Stores amount of first withdrawal at end of 12th year FLOW C 3157 0 TIMES 32 1 Stores cash flows of Zero 1 FLOW 43 7 for the next 11 months 15000 FLOW G S257 Stores second withdrawal for sophomore year F RPN Selected Examples 279 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 O 11 FLOW 6 2 7 15000 CINPUT LINPUT JFLUWG east O 11 FLOWS 15000 UNPUT J INPUT J FLOH 93 7 CALC MPM MUS HFW HEED I Stores cash flows of zero for the next 11 months Stores third withdrawal for junior year Stores cash flows of zero for the next 11 months Stores fourth withdrawal for senior year Done entering cash flows gets CALC menu Step 2 Calculate NUS for the monthly deposit Then calculate net present value Keys Display 9 12 5 IX Ix H 75 HUS HUS 152 48 HPI HPVH17 97a 48 Description Figures the periodic monthly interest rate and stores it in 1 Amount of monthly deposit needed to meet planned withdrawals Calculates the net present value of the monthly deposits which is the same as the NPV of the four future withdrawals
138. f turns on the shift annunciator This symbol stays on until you press the next key If you ever press by mistake just press a again to turn off the __4 Backspacing and Clearing The following keys erase typing mistakes entire numbers or even lists or sets of data 1 Getting Started 19 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Table 1 2 Keys for Clearing Backspace erases the character before the cursor Clear clears the calculator line When the calculator is off this key turns the calculator on but without clearing anything baw CLR DATA This clears all information in the current work area menu For example it will erase all the numbers in a list if you are currently viewing a list SUM or CFLO In other menus like TVM a9 CLRDATA clears all of the values that have been stored In SOLVE it can delete all equations The cursor is visible while you are keying in a number or doing a calculation When the cursor is visible pressing deletes the last character you keyed in When the cursor is not visible pressing erases the last number Keys Display Description 12345 Backspacing removes 66 123 669 the 4 and 5 ba 1 x Hal Calculates 1 123 66 4H Ae Clears the calculator line In addition there are more drastic clearing operations that erase more information at once Refer to Resetting the Calculator on page 228 in
139. ffect sales by a forecasted percentage C 12 The Equation Solver 153 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 Or NEXT OLD A B C 100 x OLD Using the SOLVE and ALPHAbetic menus you can type in this equation as HES T OLO C A B 4402 3 168x0L0 and then automatically create this menu which contains all the variables labels by pressing CALE HA MENT OLD As Be cs Each menu label represents a variable You can use them to store and calculate values the same way you use other menus and their built in variables Entering a Solver Equation To type this equation you must use the ALPHA menu If you are not familiar with the ALPHAbetic menu refer to Typing Words and Characters on page 30 Keys Display Description SOLVE MEM TYPE EQUATION Displays SOLVE menu CIMPUT J then ALPHA menu NEXT OLD The equation is too long Because the Solver uses arithmetic priority x before a second set of parentheses before A and after the second OLD is not necessary See Order of Calculations page 165 154 12 The Equation Solver File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 WJA for the display
140. firm with 2 000 in assets The assets earned 10 while its debt cost it 8 The assets were financed using 500 of common equity and 1 500 of debt The firm paid no taxes Operating income assets x percentage earnings on assets RASSETx AERW Interest debt x percentage interest paid on debt DEBTxAIHT Common equity amount of common equity used for financing ERT Y The Solver equation would be ROE RSSETx lt ERH 186 DEBTx lt 1INT 166 TAaa TERT x16 12 The Equation Solver 159 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Keys law MAIN SOLVE HEH ROE ASSET ERN DEBT INT TAX EQTY INPUT CALC 2000 ASSET 10 XERH 1500 DEBT 8 HINT MORE O TAH 500 EQTY MORE ROE Display TYPE EQUATION CINPUT I w DEBTx4IWMT TA S EQTY ROE ASSETxXERH DEBT x ASSET 2 088 68 AERH 18 68 DEET 1 506 AIHT 5 68 TAA 8 Be ET Y 368 4b ROE 16 68 160 12 The Equation Solver File name 17BlIl Plus Manual E PRINT 030709 Description Restores MAIN menu Displays ALPHA menu Entering the equation Stores the equation Verifies the equation and displays the menu labels for ROE ASSET ERN DEBT INT and press MORE TAX and EQTY Stores the values for the assets the percentage earnings on assets the amount of debt the percentage interest paid on the debt the taxes paid and the common equity The return on equity is 16 Pr
141. 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 EXIT Cash Flow Diagrams and Signs of Numbers The sign conventions used for cash flow calculations are the same as those used in time value ofmoney calculations A typical series of cash tlows is one of two types E Ungrouped cash flows These occur in series of cash flows without groups of equal consecutive flows Because each flow is different from the one before it the number of times each flow occurs is one Any cash flow series can be treated as an ungrouped one if you enter each flow individually 92 7 Cash Flow Calculations File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Money received is a 300 250 positive number 200 200 100 125 Time periods 50 Money paid out soe A pf fF 2 Ff is a negative S S S S S S S S number Ss 8S 8 8 amp Sa ee ell FLOW 0 700 TIMES 1 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 for money paid out the line points down negative In this case the investor has invested 700 This investment has generated a series of cash flows starting at the end of the first period Notice that th
142. frequencies ERROR UNOERFLOM An internal result in a calculation was too small for the calculator to handle ERROR amp HEG Attempted to raise zero to a negative power ERROR 8 8 Attempted to divide zero by zero ERROR HAH Attempted to raise zero to the zero power ERROR 6 Attempted to divide by zero IHPUTS CAUSED 4 284 Error Messages File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 The numbers stored into built in variables caused a division by zero in the calculation You must change one or more stored values Refer to the equations in appendix B to see which variables appear in the divisor IHSUFFICIENT DATA E Attempted to calculate standard deviation with only one value in the list m Attempted to do curve fitting using an x variable list in which all the values are equal m Attempted to do curve fitting using the logarithmic or power models with a list for which the transformed values of x In x are equal IHSUFFICTIENT MEMORY The calculator has insufficient memory available to do the operation you ve specified Refer to Managing Calculator Memory on page 227 tor additional information INTEREST lt 1868 One of the following values for interest is less than or equal to 100 E TVM menu I YR P YR m PER menu NOM P calculating EFF EFF calculating NOM E CONT menu EFF m CFLO menu I calculating NPV NUS or NFV or estimate of IRR
143. from a known equivalency see the example Calculating an Exchange Rate page 57 Calculating an exchange rate is usually the easier way to enter a correct rate since the order in which you selected the two currencies doesn t mater Store the exchange rate by keying in the value and pressing see Storing an Exchange Rate on page 58 4 Currency Exchange Calculation 55 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 Table 4 2 Currencies US EURE CAHE UKE United States Austria Greece Canada United Kingdom of America Belgium Ireland Italy Dollars Pounds Dollars Germany Luxembourg Spain Netherlands Finland Portugal France Vatican City SF HIS HER SER Switzerland Israeli Denmark Norway Sweden Francs New Kroner Kroner Kronor Shekel k A Let Russia Argentina Vanuatu Brazil Rouble Bolivar South Africa Band Saudi Arabia Riyals PESO HK HTE RME HOH Bolivia Chile Hong Kong Taiwan China South Korea Colombia Dollars New Dollars Yuan Won Mexico Renminbi Philippines Uruguay Pesos EH H M Hz RP Japan Australia Malaysia New Zealand Indonesia Yen Dollars Ringgits Dollars Rupiahs S BAHT IH RS PE FS CURRI CURRZ Singapore Thailand India Pakistani Miscellaneous Dollars Baht Rupee Rupees Use for currencies not shown in table 56 4 Currency Exchange Calculation File name 17BIl Plus Manual E PRINT
144. g a number 41 265 Stack See History stack Stack RPPN 268 73 automatic movement of 270 2 4 clearing 269 273 dropping 270 306 Index File name 17BIl Plus Manual E PRINT 030709 lifting 270 losing contents off the top 270 replicating contents in 269 270 rolling contents 270 271 size 269 Standard deviation 128 30 calculating 128 30 grouped 138 39 Starting value in summation function 176 Statistical calculations 127 40 Statistical equations 250 52 Statistical variables 128 130 34 Statistics x and y 130 34 Step size in summation function 176 Storage registers 45 46 arithmetic in RPN 46 printing the contents of 186 Storing numbers 44 45 46 in built in variables 28 in RPN 264 266 Subtraction 21 38 40 SUM equations 251 SUM items maximum number of 121 SUM list CALC menu 128 clearing 127 clearing numbers 124 copying a number from 126 Print data 2003 7 11 correcting 124 creating 123 24 definition 121 22 deleting numbers 125 editing 122 124 25 entering numbers in 123 24 FRCST menu 132 GETting a new list 127 inserting numbers 124 largest number in 128 name deleting 127 naming 126 printing 187 smallest number in 128 sorting 121 128 starting a new list 127 viewing numbers 124 viewing the name of the current list 126 SUM menu 122 23 258 Sum of cash flows 101 Summation 132 139 171 176 77 function in the Solver 176 78
145. grouped each one occurs just once Turn off the TIMES prompt to make cash flow entry faster Keys Display Description FIH Displays current cash flow CFLO list and CFLO menu keys law CLR DATA Clears current list or gets a YES new one The empty list or prompts for its initial cash GET HEW FLOW C flow T TIMES PROMPTING Briefly shows the status of OFF T then returns to the list With prompting off all cash flows are 102 7 Cash Flow Calculations File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 80000 5000 4500 5500 4000 115000 CALC TOTAL IRR 10 5 Is MPM MF FLOW las 84 868 68 FLOW 2357 FLOW 3357 FLH 45 FLOWe sa 7 FLOW 61S TOTAL 34 868 68 IRRa 11 95 Tx 18 58 HFPY 4 774 65 HFVH 865 95 assumed to occur just once Prompts for next cash tlow 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 ot list Calculates sum of the cash flows Calculates internal rate of return Stores periodic interest rate Calculates NPV Calculates NFV Now calculate the net present value at an interest rate of 10 5 if cash flow 4 is reduced to 1 000 a 4 1000 FLOW 61S Displays the bottom of the list FLOW 42 4 688 8E Moves to cash flow 4 FLOW 39 115 884 88Changes cash flow 4 to 1 00
146. h 1 2 3 4 press 1 2 3 4 Pressing four times rolls the numbers all the way around and back to where they started X lt N When you press Ri 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 f CLR DATA reduces the stack to one register X with a zero in it As you enter numbers the stack builds up again The and A functions roll through as many registers as currently exist one two three or four Exchanging the X and Y Registers in the Stack Another function that manipulates the stack contents is x exchange y located on the key It swaps the contents of the X and Y registers without affecting the rest of the stack Pressing again restores the original order of the contents While in RPN mode you don t need to press the shift key for 7 E RPN The Stack 269 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 The 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 8 x 9 xzy 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 p
147. hat yields the value for NPV closest to zero To find a good estimate for IRR key in a guess for IRR and press Ix Then press FY to calculate NPV for that value Repeat the calculation of NPV for several values of 1 and look for trends in the results Choose as your guess for IRR a value of I that produces an NPV close to zero Solver Calculations As noted in chapter12 the Solver uses two methods to find solutions depending on the complexity of the equation direct and iterative an indirect To use all the calculating power included in the Solver it would help to understand in a general way how it works Direct Solutions When you start a calculation by pressing a menu key the Solver first tries to find a direct solution by isolating the variable you are solving for the unknown Isolating a variable involves rearranging the equation so that the unknown variable is by itself on the left hand side of the equation For example suppose you enter the equation PROFIT PRICE COST If you ve stored values for PROFIT and PRICE pressing COST causes the Solver to internally rearrange the equation algebraically to solve for COST COST is the unknown COST PRICE PROFIT Answers calculated this way are called direct solutions 240 B More About Calculations File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 For certain equations the unknown can be isolated but an answer cannot be c
148. he best estimate the Solver has found so far press or You can restart the search from where it left off by pressing the menu key for the variable you are solving for Or you can restart the search using your own guesses see Entering Guesses below 180 12 The Equation Solver File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 specitied range The closer your guesses are to the desired solution the better chance the Solver has of finding it You can enter guesses at these times E Before beginning the calculation after you ve stored a value for every variable except the unknown variable If you enter one guess the Solver generates a second guess After you ve halted the iterative search After the Solver has returned an answer and you wish to begin searching for another answer You can enter one or two guesses If you enter one guess the Solver makes a second guess If you enter two guesses the Solver uses those two guesses to start searching for a solution The Solver works most efficiently when the answer is between your two guesses For example it you know the answer is between 5 and 12 you should enter 5 and 12 as the starting guesses To enter one gue
149. her the lender investor or the borrower but not both PV Loan Money re ceived is a l asilia Equal periods ion we i ee PMT Money paid out is a negative PMT Faual Bal PMT FV e ee qual payments FV is Future Value if any e g a balloon payment Figure 5 3 A Cash Flow Diagram for a Loan from Borrower s Point of View End Mode FV PMT Loan PV Figure 5 4 A Cash Flow Diagram for a Loan from Lender s Point of View End Mode 5 Time Value of Money 65 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 PV Capitalized value of lease FV 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 Then 1 From the MAIN menu press FIN TM 2 To clear previous TVM values press CLRDATA Note You don t need to clear data if you enter new values for all five variables or if you want to retain previous values 3 Read the message that describes the number of payments per year and the payment mode Begin End If you need to change either of these settings press OTHER mM To change the number of payments per year key in the new value and press PeYR If the number of payments is different from
150. here is no salvage value enter zero c Key in the useful life and press LIFE Press MORE for the rest of the DEPRC menu Key in the number for the year of depreciation you want to calculate 1 2 3 etc and press YR If you are using the declining balance method enter the DB factor a percentage and press FACT or to calculate the appropriate depreciation To see the remaining depreciable value basis salvage value accumulated depreciation press Y To calculate the depreciation for another year just change YR and press DB SOYD or SL again The calculated values of RDV DB SOYD and SL are rounded internally to the number of decimal places specified by the current display setting A setting of FIx 2 means that these values will be rounded internally to two decimal places 116 9 Depreciation File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 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 For comparison find the straightline depreciation as well Keys FIH DEFRC 10000 BASIS 500 SALI 5 LIFE MORE RH 200 FACT DE v 2 TRH DE v 3
151. ic rate of return 100 Periods 35 See also Payment periods in numbers in numbers 35 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 34 Present value definition 63 of a lease 74 77 of a series of payments 171 246 of a single payment 171 246 Previous menu displaying 28 PRICE as a shared variable 53 Price markup on 49 52 File name 17BIl Plus Manual E PRINT 030709 Principal of loan amount of PMT applied toward 80 81 Printer power for 185 using 184 PRINTER menu 186 260 Printer port 184 Printing amortization table 81 83 appointments 188 display 185 double space 36 185 equations 187 history stack 186 interrupting 189 messages 188 number lists 187 slow 184 Solver list 187 speed 185 statistical values 186 time and date 186 variables 187 with tracings 188 Prompting for TIMES 96 Purchase date bond 109 Purchase price in mortgage calculation 68 69 PV rounded in amortization calculations 78 Q Questions common 222 24 Index 303 Print data 2003 7 11 RAHG 128 RPT 145 RATE 55 RME 56 RF 56 RFH 36 REGS 186 kR 56 WEND 35 Ri 43 263 RCL 45 46 98
152. ifferent but related problems you can keep the same Solver menu labels in the display all the time you don t have to switch equations For example consider these two equations for conversions KGx2 21 LB and Mx3 28 FT The following rearranged single equation can do either conversion IFCS KG2 OR SCLBAItKGxe 21 LBiMxs 25 FT34 6 This means if you are solving for either KG or LB then use KG x 2 21 LB O Otherwise that is if you are solving for M or FT use M x 3 28 FT O The two conversion equations are rewritten so that all the variables appear on one side of each equation and the other side is set equal to zero The S function appears as part of the conditional expression of the IF function You can leave out the O and it will be understood that the whole equation is set equal to zero Example Unit Conversions Use the above equation to convert between kilograms and pounds and between meters and feet Press SOLVE HEM then enter the equation 178 12 The Equation Solver File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 IFCS KG ORF SCLBAtKGxe 21 LBiAxa 26 FTo Press to store it then CALC to verify it and create its menu 1 Convert 225 pounds to kilograms Press 225 LE EG ResultisKG 181 81 2 How many feet equal 100 meters Press 100 M FT Result is FT 328 00 Note that you do not have to clear variables between steps 1 and 2 The S function considers only those val
153. ific Notation Range of Numbers Percentage Calculations in Business Using the BUS Menus Examples Using the BUS Menus Percent Change CHG Percent of Total TOTL Markup as a Percent of Cost MU C Markup as a Percent of Price MU P Sharing Variables Between Menus Currency Exchange Calculation The CURRX Menu Selecting a Set of Currencies Entering a Rate Contents File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 5 7 59 Converting between Two Currencies 59 Storing and Recalling Sets of Currencies 60 Clearing the Currency Variables 5 61 Time Value of Money 61 The TVM Menu 64 Cash Flow Diagrams and Signs of Numbers 66 Using the TVM Menu 67 Loan Calculations 71 Savings Calculations 74 Leasing Calculations 77 Amortization AMRT 78 Displaying an Amortization Schedule 81 Printing an Amortization Table 6 84 Interest Rate Conversions 85 The ICNV Menu 85 Converting Interest Rates 87 Compounding Periods Different from Payment Periods 7 91 Cash Flow Calculations 91 The CFLO Menu 92 Cash Flow Diagrams and Signs of Numbers 94 Creating a Cash Flow List 95 Entering Cash Flows 97 Viewing and Correcting the List 98 Copying a Number from a List to the Calculator Line 98 Naming and Renaming a Cash Flow List 99 Starting or GETting Another List 99 Clearing a Cash Flow List and Its Name 100 Cash Flow Calculations IRR NPV NUS NFV 107 Doing Other Calculations with CFLO Data 6 Contents File n
154. ign of an already displayed number it must be the rightmost number press 4 Keys Display Description 75 r Changes the sign of 75 y 97 1 amp 232 0 Multiplies 75 by 7 1 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 22 1 Getting Started File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 _ em 0 E Menu Labels Menu Keys Haneek RND J LMATH MODES PRINTER LMAIN 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 No matter which menu you currently see pressing gg MAIN redisplays the MAIN menu The menu structure is hierarchical 1 Getting Started 23 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Table 1 3 The MAIN Menu Menu Label Operations poneun Covered in This Category FIH TVM Time value of money Chapter 5 Finance loans savings leasing amortization ICNV Interest conversions Chapter 6 CFLO Lists of cash flows for Chapter 7 internal rate of return and net present value BOND Yields and prices Chapter 8 for bonds D
155. ilt in Menus Actuarial Functions Percentage Calculations in Business BUS Time Value of Money TVM Amortization Interest Rate Conversions File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 248 Cash Flow Calculations 215 Bond Calculations 250 Depreciation Calculations 251 Sum and Statistics 251 Forecasting 252 Equations Used in Chapter 14 252 Canadian Mortgages 253 Odd Period Calculations 253 Advance Payments 253 Modified Internal Rate of Return C 254 Menu Maps D 261 RPN Summary 261 About RPN 261 About RPN on the HP 17bll 262 Setting RPN Mode 263 Where the RPN Functions Are 264 Doing Calculations in RPN 264 Arithmetic Topics Affected by RPN Mode 264 Simple Arithmetic 266 Calculations with STO and RCL 266 Chain Calculations No Parentheses E 268 RPN The Stack 268 What the Stack Is 269 Reviewing the Stack Roll Down 269 Exchanging the X and Y Registers in the Stack 270 Arithmetic How the Stack Does It 271 How ENTER Works 272 Clearing Numbers 273 The LAST X Register 273 Retrieving Numbers from LAST X Contents 11 File name 17Bll Plus Manual E PRINT 030709 Print data 2003 7 11 7 273 274 275 F 276 283 289 12 Contents File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Reusing Numbers Chain Calculations Exercises RPN Selected Examples Error Messages Index 7 List of Examples The following list groups the examples by category
156. ime and date to the display if it has been overwritten by other operations Acknowledging an Appointment To acknowledge the appointment and clear the message press any key except k during the beeping Appointments not acknowledged within 20 seconds become past due When an appointment comes due the alarm starts beeping and the alarm annunciator is displayed even if the calculator was off 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 The beeping can be suppressed or restricted to appointments See Beeper On and Off page 36 11 Time Appointments and Date Arithmetic 147 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 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 TIME APPT 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 A repeating appointment is deactivated while it is past due and will not go off subsequently until the pastdue appointment has been acknowledged Clearing Appointments To cancel an appointment or to
157. int data 2003 7 11 7 Editing an Equation EDIT It you have an INVALIO EGUATION the cursor stops over the first character that the Solver could not logically interpret You can alter the current equation using the ALPHA Edit menu 1 Press EDIT to access the ALPHA Edit menu See Editing ALPHAbetic Text page 31 You can use backspace and clear as well 2 To insert letters press ALPHA and the appropriate letters Press to bring back the editing menu 3 Press to replace the previous version with the edited version Editing an equation clears its variables To abort an editing operation without saving any of the changes press EXIT Naming an Equation Naming equations helps you identity them later The name precedes the equation separated by a colon If you don t name an equation initially you can name it later using EDIT FURE HEA T OLD AAt Etn EDIT DELET HEH 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 The name is for your visual aid only the calculator cannot recognize it Names can be any length and contain any character except x lt gt i space 12 The Equation Solver 161 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Finding an Equation in the Solver List To display an entry in the Solver list display the SOLVE menu and move thr
158. is greater than 7 and is less than or equal to 15 then B 2 x A 6 C Otherwise B 3 x A 10 C E VALUE FIRST IFCWNOTCFIRSTH83 1 FIRSTi ba Means If FIRST is not equal to O then VALUE FIRST 1 FIRST If FIRST O then VALUE FIRST E T H xIFCA 6 AOR B 8 At B AXBo Means If A or B but not both equals O then T W x A B Otherwise T Wx A x B In other words When A 0 and B40 T W xB When A 0 and B 0 T W x A When A 0 and B O T 0 When A 0 and B40 T Wx AxB Example Nested IF Functions An IF function can be used as the argument of another IF function This is called nesting Suppose a corporation uses a rating system to determine salary Employees are rated on a scale from 1 through 3 and are given the following annual percent raise based on their rating Rating Percent Salary Increase 3 6 10 The Solver equation to calculate an employee s new salary is based on his or her rating and old salary What would be the new annual salary for an employee with a rating of 2 who currently earns 27 500 annually 12 The Equation Solver 175 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Press SOLVE HEM then enter the equation HEW OLD x C1It tIFCR 1 63 1FCR 2 86 1393 To do the calculation Keys Display Description Stores verifies and CALC creates menu labels for the equation 27500 0 OLD 2r 388 46 Stores old salary 2 amp R R 2 48 Stores rating HEW HEH 29 158 68 Calc
159. is procedure is covered in Erasing Continuous Memory on page 230 Storing numbers in menus like TVM non Solver menus does nof use any of your memory space 1 Getting Started 37 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 2 Arithmetic If you prefer RPN to algebraic logic please read appendix D before you read this chapter The Y in the margin is a reminder that the example keystrokes are for 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 TOTAL 124 66 Even in this case you can use the number V for a calculation For example pressing 2 would calculate 124 60 plus 2 and the calculator would display the answer 126 60 There is always a number in the calculator line even though some times the calculator line is hidden by a message such as SELECT COMPOUNDING To see the number in the calculator line press which removes the message V Doing Calculations Simple calculating was introduced in chapter 1 page 21 Often longer calculations involve more than one operation These are called chain calculations because several operations are chained together To do a chain calculation you don t need to press after each operation but only at the very end 750 x 12 360 750 12 56 360 Or 750 x 12 J 360 J For ins
160. ite preparation or maintenance 6 HP MAKES NO OTHER EXPRESS WARRANTY OR CONDITION WHETHER WRITTEN OR ORAL TO THE EXTENT ALLOWED BY LOCAL LAW ANY IMPLIED WARRANTY OR CONDITION OF MERCHANTABILITY SATISFACTORY QUALITY OR FITNESS FOR A PARTICULAR PURPOSE IS LIMITED TO THE DURATION OF THE EXPRESS WARRANTY SET FORTH ABOVE Some countries states or provinces do not allow limitations on the duration of an implied warranty so the above limitation or exclusion might not apply to you This warranty gives you specitic legal rights and you might also have other rights that vary from country to country state to state or province to province 7 TO THE EXTENT ALLOWED BY LOCAL LAW THE REMEDIES IN THIS WARRANTY STATEMENT ARE YOUR SOLE AND EXCLUSIVE REMEDIES EXCEPT AS INDICATED ABOVE IN NO EVENT WILL HP OR ITS SUPPLIERS BE LIABLE FOR LOSS OF DATA OR FOR DIRECT SPECIAL INCIDENTAL CONSEQUENTIAL INCLUDING LOST PROFIT OR DATA OR OTHER DAMAGE WHETHER BASED IN CONTRACT TORT OR OTHERWISE Some countries States or provinces do not allow the exclusion or limitation of incidental or consequential damages so the above limitation or exclusion may not apply to you 8 The only warranties for HP products and services are set forth in 234 A Assistance Batteries Memory and Service File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 the express warranty statements accompanying such products and services Nothing herein should
161. iting the equation so that the unknown variable does not appear as a divisor For example the Solver may more easily solve for A if the equation 1 A 2 A B is rewritten as A 2 A x B 1 B More About Calculations 241 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Iterative Solutions If the Solver is not able to isolate the unknown variable it cannot provide a direct solution In these cases the Solver searches iteratively for a solution In its iterative search for a solution the Solver looks for a value that sets the lett side of the equation equal to the right side To do this the Solver starts with two initial estimates of the answer which we ll call estimate 1 and estimate 2 Using estimate 1 the Solver calculates values for the left and right side of the equation LEFT and RIGHT and calculates LEFT minus RIGHT LEFT RIGHT Then the Solver does the same calculations for estimate 2 If neither estimate produces a value of zero for LEFT RIGHT the Solver analyzes the results and produces two new estimates that it judges to be closer to the answer By repeating this process many times the Solver narrows in on the answer During this search the calculator displays the two current estimates and the sign of LEFT RIGHT for each estimate as shown J ABER AEE HF Lie APIS AL Sede6 1 S85 Sign of LEFT RIGHT for each estimate Since calculators cannot do calculations with infi
162. l rate of return from quarterly rate 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 Refer to Accessing CFLO and SUM Lists from the Solver in chapter 12 7 Cash Flow Calculations 107 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 8 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 specity the E Calendar basis 30 360 or actual actual days per month days per year Municipal state and corporate bonds issued in the United States are typically 30 360 U S Treasury bonds are actual actual E Coupon payments semi annual or annual Most U S bonds are semi annual The BOND Menu FIN BUS SUM TIME SOLVE CURRX TVM ICNV CFO BOND DEPRC re sell MAT CPN CALL MORE YLD PRICE ACCRU MORE Pressing BOND shows you the BOND menu and the type of bond currently specified 357366 or A A SEMIANNUAL or AWHUAL 108 8 Bonds File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Table 8 1 BOND Menu Labels Description TYPE SETT MAT CPM CALL LO PRICE
163. l 13 ITEM name2 133 2 1TEM name2 133 To enter the character press HZ OTHER MORE DE CHI2 the final y value for your data name the name of the SUM list that contains the observed values name2 the name of the SUM list that contains the expected values EXP the expected value when it is a constant When you create and name the SUM list s make sure the name s match name and name2 if applicable in the Solver equation To solve the equation press EHI once or twice until you see the message CALCULATING The following example assumes that you have entered the CHI equation into the Solver using OBS for name For instructions on entering Solver equations see Solving Your Own Equations on page 30 Example Expected Throws of a Die To determine whether a suspect die is biased you toss it 120 times and observe the following results The expected frequency is the same for each number 120 6 or 20 220 14 Additional Examples File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Number I 2 Frequency Observed 25 17 Keystroke Display SUM lew CLR DATA YES or GET HEH ITEM 1257 25 17 UINPUT 15 23 24 INPUT 16 INPUT ITEM F3 7 TOTAL 124 48 HAME OBS ITEM F3 7 SOLVE use 4 and if necessary CALC 20 EXP ExP 28 468 CHI CHI 35 68 Description Displays SUM menu and current list Clears current list or gets a new one Enters ob
164. l calendar Example Determining a Future Date On February 9 2003 you purchase a 1 20 day option on a piece of land Determine the expiration date Assume the date format is month day year Keys Display TIME CALC 2 092003 DATE1 DATEL B2 89 2883 SUH 120 DAYS ACTUAL DAYS 128 68 DATE DATE2 H6 b9 2083 MON Description Displays CALC menu Stores Feb 9 2003 Stores number of days into the future Calculates expiration date DATE2 152 11 Time Appointments and Date Arithmetic File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 _ 12 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 The equations are stored in a list FIN BUS SUM TIME SOLVE CURRX CALC EDIT DELETE NEW Solver Example Sales Forecasts Suppose part of your job includes making sales forecasts and that these forecasts are revised based on new information For instance A change in the price of the product will affect sales by a forecasted percentage A m A change in sales force training will affect sales by a forecasted percentage B E A competitor s new product will a
165. lar amount of each periodic payment All payments are equal and no payments are skipped If the payments are unequal use CFLO not TVM Payments can occur at the peginning or end of each period If PMT represents money paid out it is negative Eu Stores or calculates the future value a final cash flow or a compounded value of a series of previous cash flows PV PMTs FV always occurs at the end of the last period If FV is paid out it is negative l OTHER i Second Level PAR Specifies the number of payments or compounding periods per year t it must be an integer 1 through 999 When a non integer N an odd period is calculated the answer must be interpreted carefully See the savings account example on page 71 Calculations using a stored non integer N produce a mathematically correct result but this result has no simple interpretation The example on page 172 uses the Solver to do a partial period non integer calculation in which interest begins to accrue prior to the beginning of the first regular payment period The number of payment periods must equal the number of compounding periods If this is not true see page 87 For Canadian mortgages see page 197 5 Time Value of Money 63 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Table 5 1 TVM Menu Labels Continued Menu Label Description Second Level Continued BEG Sets Begin mode payments occur at the b
166. late it FV next Use PMT from step 1 but change N to 5 years N 5 x 12 14 Additional Examples 191 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 3 Finally enter current values for N less number of payment periods already passed or 5 x 12 42 and PV proposed purchase price 79 000 then calculate 1 YR for the annual yield Step 1 Calculate PMT Make sure FV O Keys Display Description FIH TuM Selects menu sets 12 OTHER payments per year and bes CLR DATA End mode 12P YR END MODE 20 a H H 248 46 Figures and stores total number of payments for a full 20 year loan with monthly payments 9 IWR Stores interest rate and 100000 amount of original loan Py FPY 106 5906 Be Money paid out is negative O FY FV 68 Ae Sets FV to zero PMT PMT 899 73 Calculates monthly payment received Step 2 Enter the new value for N given a balloon in 5 years then find FV the amount of the balloon Keys Display Description si H H 66 H Stores number of payments for 5 years Fy F 7A BS Calculates balloon due in 5 years 192 14 Additional Examples File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 _ Step 3 Enter actual current values for N and PV then find new I YR for discounted mortgage with balloon Keys Display Description RCL H Stores number of VO 42 H H 18 66 payments remaining in 5 year loan 79000 Stores proposed Pl PY
167. llowing formula when the time until the first payment is more than one month but less than two months Interest for this odd non integer period is calculated by multiplying the monthly interest by the number of days and dividing by 30 The formula for this loan is E ah ANNI DAYS 1200 1200 where ANNI the annual percentage interest rate N the number of payment periods DAYS the number of leftover odd days an integer from O through 30 PV the amount of the loan PMT the monthly payment The formula can be rearranged and simplified using USPV the Solver function for returning the present value of a uniform series of payments Pus C1l ANHI 126086x0AY5S 389 PFMTxUSPVCAHHI 12 H3 6 The keystrokes are PV 1 ANNI 1200 x DAYS 30 PMT x USPV ANNI 12 N D J amp J 0 172 12 The Equation Solver File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Keys Display SOLVE WV lt BOTTOMOF LIST HEH TYPE EQUATION CIMPUTI type in equation as shown above MTXUSPMCANHI 12 Hj3 68 A Ae CALC 6000 PY PV 6 888 BE 13 5 ANHI AWWI 13 58 5 DAYS OAYS 5 00 36 N H 36 B PMT PMT 2483 99 Description Displays SOLVE menu and bottom of Solver list Displays ALPHA menu Remember that the colon is located after OTHER Press Werz OTHER a Enters equation verities it and creates menu Stores loan amount in PV Stores annual percent interest in ANNI
168. loan 80 81 Balloon payment 69 71 Batteries changing 225 26 Battery lite 224 annunciator 224 Beeper 147 Beeper on and off 36 Begin payment mode 64 66 Beginning of list in CFLO list 98 in SUM list 124 Bond calculations 110 13 File name 17BIl Plus Manual E PRINT 030709 equations 249 fractional values for 111 price 111 type 109 110 yield 111 BOND menu 108 9 Bonds 215 16 Bottom of the current list in CFLO 95 of the Solver list 162 Braces in equations 167 Brackets in equations 167 Brightness of the display 17 Built in variables See Variables built in BUS menu 49 254 Business variables clearing 50 Buy option for a lease 75 77 B value in curve fitting 132 C CHG menu 50 CALC in CFLO menu 92 in SOLVE menu 157 in SUM menu 122 in TIME menu 142 CPH 109 CALL 109 CORR 132 c sTa 55 Index 291 Print data 2003 7 11 C RCL 55 CURR 56 CURR 56 COST key 53 CAMS Cz 56 CLRDATA 20 28 29 cLR 17 20 32 Vv 16 17 262 CALC menu in CFLO menu 101 in SOLVE menu 158 59 in SUM menu 128 in TIME menu 150 Calculations RPN order of 274 parenthesis in 266 274 Calculator not functioning 231 32 resetting 225 228 30 Support 222 Calculator line arithmetic in 38 48 definition 18 displaying alphabetic information 31 32 editing 20 Calendar See also Date 360 day 150 365 day 150 actual 150 range of 149 Calendar basis
169. ls and B e for EXP and PWR models where b Y MX SXY CORR VSX2 x SY2 Equations Used in Chapter 14 Canadian Mortgages PV PMT Htet FV 1 rN CIXYR where r 1 200 N total number of monthly payments CI YR annual interest rate as a percent PV loan amount PMT monthly payment FV balloon payment 252 B More About Calculations File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 Odd Period Calculations PV PE 1 ix S x PMT x ite FV iy 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 lt 30 S 0 if DAYS gt 30 Advance Payments PV FV 1 iy i 1 4 i N ADV I PMT ADV where PMT payment amount PV loan amount FV balloon payment amount i periodic interest rate as a decimal N total number of payments ADV number of payments made in advance Modified Internal Rate of Return NFV Yn i NPV where n total number of compounding periods NFV net future value of positive cash flows NPV net present value of negative cash flows MIRR 100 B More About Calculations 253 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 C Menu Maps The following maps show how to display each
170. lue a Key in the known value and press the menu key for that variable b Press the menu key for the variable whose value you want to forecast Example Curve Fitting B s Dahlia Garden advertises on a local radio station For the past six weeks the manager has kept records of the number of minutes of advertising that were purchased and the sales for that week 134 10 Running Total and Statistics File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 Number of Minutes of Radio Dollar Sales Advertising y values x values SALES MINUTES 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 4 21w 3 000 e forecasted e Ko 2 000 ue CA SALES in Dollars a v 1 000 f ale t x O 12 3 4 5 6 7 MINUTES of Advertising 10 Running Total and Statistics 135 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Keys Display SUM baw CLR DATA YES ITEM C13s 7 2 INPUT 1 INPUT 3 INPUT 5 INPUT 5 LINPUT 4 ITEMC7 7 T TAL 26 66 HAME TYPE A NAME CINPUTI MINUTES ITEE Pas Now enter and name the second list GET HEL ITEM 13 7 1400 920 1100 2265 2890 2200 ITEME PIS TOTAL 148 775 68 HAME TYPE A HAME CINPUTI SALES ITE
171. mallest minimum number in the list Finds the largest maximum number in the list Sorts the list in ascending order Displays a series of menus for calculations with two variables for curve fitting estimation weighted mean and grouped standard deviation and summation statistics 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 Example Mean Median and Standard Deviation Suppose your shop had the following phone bills during the past six months 128 10 Running Total and Statistics File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 Phone Expense Phone Expense 340 175 450 780 245 625 4 August 5 September 6 October Calculate the mean median and standard deviation of the monthly phone bills Then display the smallest value in the list Keys Display Description SUM Displays current SUM list and SUM menu keys law CLR DATA Clears current list or gets a YES new one or GET HEH ITEM 1157 340 ITEMC 2a Stores May s phone bill TOTAL 3448 B6 shows total 175 ITEM 33 Stores June updates total TOTAL S315 450 Stores phone bills f
172. mbers into a list you can H Calculate the mean median standard deviation and range E Display the largest and smallest number in the list E Sort the list from smallest number to largest number With two lists of numbers you can Do curve fitting and forecasting calculations using two SUM lists and one of four models linear exponential logarithmic and power Curve fitting for the linear model is called linear regression mE Calculate the weighted mean and grouped standard deviation m Find the summation statistics x x Xy Xy xy You can store many separate lists of numbers in SUM The maximum number depends on the amount of available calculator memory 10 Running Total and Statistics 121 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 The SUM Menu FIN BUS SUM TIME SOLVE CURRX CAIC INSR DELET NAME GET TOTAL TOTAL MEAN MEDN STDEV RANGE MORE MIN MAX SORT iu MORE The SUM menu creates lists of numbers and performs calculations with a SUM list Table 10 1 SUM Menu Labels Menu Description Label Accesses the CALC menu to calculate the total mean median standard deviation range minimum maximum sorting and linear regression including weighted mean and summation statistics Allows you to insert numbers into the list Deletes numbers from the list Allows you to name the list Allows you to switch from one named list to another or to create a new list Displ
173. me 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 For selecting the other languages m ALG mode m Day month year date format 24 hour clock E 2 decimal places comma decimal point E Double space printing off printer tracing off printer without the ac adapter Beeper on m APPT default time 00 00 00 00 00 default time WED 01 01 03 00 00 00 mE Erased Continuous Memory m U S Dollars and EURO Dollars currencies and the rate equals 1 0000 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 detault settings Clears the calculator line and history stack m Deletes all Solver equations and their variables and clears all other variables in menus E Clears all CFLO and SUM lists and their names m Clears all appointments Returns U S Dollars and EURO Dollars currencies and the rate equals 1 0000 E Sets those conditions For English language Month day year date format 12 hour clock 2 decimal places period decimal point double space printing off printer tracing off printer without the ac adapter and beeper on For the other languages Day month year date format 24 hour clock 2 decimal places comma decimal point double space printing off printer tracing off printer without the ac adapter and beeper on 230 A Assistance Batteries Memory
174. me 17Bll Plus Manual E PRINT 030709 Print data 2003 7 11 7 8 IxvR O PAT Pl Pula 22 995 46 Calculates present value purchasing power of the above after tax FV at 8 inflation rate 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 What will be the purchasing power of that amount in today s dollars assuming 8 annual inflation Keys Display FIN THM OTHER Pe BEG i FYR BEGIN HODE 35 H H 33 88 8 175 28 B 5 59 IYF I YR 5 89 O M PVH Ae 3000 PHT PMT 3 6060 88 Fi FW 445 585 61 8 Ik R O PMT Pi PWa 235 465 11 282 F RPN Selected Examples Description Displays TVM menu Sets payment per year and Begin mode Stores years until retirement Calculates interest rate diminished by tax rate Stores interest rate Stores no present value Stores annual payment Calculates future value Calculates present value purchasing power of the above FV at 8 inflation File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Error Messages The calculator beeps and displays an error message under certain circumstances for example when you attempt an operation that is not allowed The calculator distinguishes between math errors that occur on the calculator
175. 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 Solver equation There are Solver functions that can access data stored in SUM lists and there is a summation function that can combine all or part of the values stored in specific lists Refer to Accessing CFLO and SUM Lists from the Solver in chapter 12 140 10 Running Total and Statistics File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 1 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 E Record appointments that set alarms with optional messages E Determine the day of the week for a particular date HM Calculate the number of days between two dates using the 360 day the 365 day or the actual calendar Viewing the Time and Date To view the time and date press TIME in the MAIN menu If you overwrite the time and date you can restore them to the display by pressing CLR 11 Time Appointments and Date Arithmetic 141 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 The TIME Menu FIN BUS SUM TIME SOLVE CURRX CALC APPT ADJST SET APTI APT2 vee APT10 Table 11 1 The T
176. 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 Setting RPN Mode The calculator operates in either RPN Reverse Polish Notation or ALG Algebraic mode This mode determines the operating logic used for arithmetic calculations To select RPN mode Press f MODES RFH The calculator responds by displaying EFH MODE This mode remains until you change it The display shows the X register from the stack To select ALG mode Press MODES ALG The calculator displays ALGEBRAIC MODE 262 D RPN Summary File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Where the RPN Functions Are OW eb amp 69 E3 e ey lo Joga ENTER Function Definition Key to Use Name Enters and separates one number from the next Recalls last number in bes LAST X register Rolls down stack contents same as C Rolls up stack contents except in lists X register exchanges with same as D Y register Changes sign D RPN Summary 263 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Using INPUT for ENTER and for R Except in CFLO and SUM lists the key also performs the function and the key also performs the function E In lists INPUT stores numbers Use t
177. n a menu has more than six labels the label MORE appears at the far right Use it to switch between sets of menu labels on the same level Example Using Menus Refer to the menu map for MU C above along with this example The example calculates the percent markup on cost of a crate of oranges that a grocer buys for 4 10 and sells for 4 60 Step 1 Decide which menu you want to use The MU C markup as a percent of cost menu is our destination If it s not obvious to you which menu you need look up the topic in the subject 1 Getting Started 25 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 index and examine the menu maps in appendix C Displaying the MU C menu Step 2 To display the MAIN menu press MAIN This step lets you start from a known location on the menu map Step 3 Press BUS to display the BUS menu Step 4 Press MUKC to display the MU C menu Using the MU C menu Step 5 Key in the cost and press COST to store 4 10 as the COST LOST 4 14 COST PRICE Met Step 6 Key in the price and press PRICE to store 4 60 as the PRICE Step 7 Press MC to calculate the markup as a percent of cost The answer MARKUPEC 12 28 MARKUP AC 1 2 26 EOST PRICE Mic Step 8 To leave the MU C menu press twice once to get back to the BUS menu and again to get to the MAIN menu or MAIN to go directly to the MAIN menu 26 1 Getting Started File name 17Bll Plus
178. n specified SUM list SPFV i n Future value of a single 1 00 payment equivalent to 1 i 100 nis the number of compounding periods i is the interest rate per compounding period expressed as a percentage SPPV i n Present value of a single 1 00 payment equivalent to 1 SPFV i n n is the number of compounding periods i is the interest rate per compounding period expressed as a percentage SQ x Square of x x SQRT x Square root of x X 1 CFLO listname flow The number of times that specified cash flow occurs TRN x y Truncates x to y decimal places if O lt y lt 11 or truncates x to y significant digits it 12 lt y lt 1 y must be an integer USFV i n Future value of a unitorm series of 1 00 payments equivalent to SPFV i n 1 i 100 n is number of payments i is periodic interest rate expressed as a percentage USPV i n Present value of a uniform series of 1 00 payments equivalent to USFV i n SPFV i n n is number of payments i is periodic interest rate expressed as a percentage 12 The Equation Solver 171 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 fo
179. nd Date Arithmetic 143 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Example Setting the Date and Time Set the date and time to April 5 2003 4 07 p m Keys Display Description SET Displays SET menu 4 052003 SAT 4765763 time Sets date DATE 4 07 TIME Sets time Press APM if A F SAT necessary 4 65 03 64 87 i xxF Changing the Time and Date Formats SET Use the SET menu to change the time and date formats To switch between the 12 and 24 hour clocks press 1224 To switch between the month day year and day month year calendars press MD Adjusting the Clock Setting ADJST The ADJST menu adjusts the time setting forward or backward in increments of hours minutes or seconds 1 Press TIME ADIST 2 Press the appropriate menu key s until the correct time is displayed For example if the current time setting is 11 20 xx AM ignoring seconds pressing HF twice changes the time to 1 20 PM Then pressing MIH three times changes the time to 1 17 PM 144 11 Time Appointments and Date Arithmetic File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 APPT APT APT2 MORE gt APT9 APT1O lt for each appointment DATE TIME A PM MSG RPT HELP Viewing o
180. ndependent 134 Variables statistical 130 34 Variables built in 27 printing 187 statistical 128 Variables Solver 154 clearing 163 deleting 163 names of 166 shared 162 Variables shared 53 Verifying equations 157 58 Viewing lists See CFLO list SUM list Solver list W HMH 132 HOH 56 Warranty 233 35 Weighted mean 132 138 39 X 4 E 43 in RPN 269 XOR 174 x values in forecasting 133 34 Print data 2003 7 11 7 Y to maturity bond 108 int ti fitting 132 ee y intercept in curve fitting 134 Yk 115 l l i y values in forecasting YEH 56 133 34 L3 41 265 Yield Z of lease 74 75 to call bonds 108 Zero coupon bond 113 Index 309 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 Bij dit produkt zijn batterijen geleverd Wanneer deze leeg zijn moet u ze niet weggooien maar inleveren als KCA File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11
181. ndix B UNDERFLO M 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 UNEQUAL LIST LEHGTHS Attempted a two list SUM calculation using lists of unequal lengths 288 Error Messages File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Index Special Characters 47 E___ low battery annunciator 17 184 224 shift annunciator 19 40 TOTL menu formula 247 using 91 t 22 139 171 176 77 220 2 _ 35 35 P 78 T7 92 95 96 97 HEW 127 CHE 49 50 TOTL 49 51 T 51 za 132 139 EY 132 139 zee 132 139 ziz 132 139 Iny 132 139 HF 144 MIN 144 File name 17BIl Plus Manual E PRINT 030709 12 724 143 ia 42 3660 150 3650 150 e alarm annunciator 147 ACHE menu formula 247 using 50 ee Or ee 74 Saat Cam Io lt lt 32 19 v or 4 43 269 editing a list 98 in a list 96 162 with history stack 43 20 32 272 174 vx 41 Vv 16 17 262 amp e print annunciator 184 TIMES 96 97 A A i A 56 ACRS 115 ACRS 115 Index 289 Print data 2003 7 11 7 ALG 36 262 ACCRU 109 ALL key 34 APTi through AFTiG 145 A F appointment setting menu 145 ABS absolute value function 169 Accrued interest on bond 109 111 Accuracy of the clock 231 Ack
182. ng Started File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 m f the current menu has a list SUM CFLO or Solver pressing bes CLR DATA clears the values in the list To see what value is currently stored in a variable press menu label Solving Your Own Equations SOLVE This chapter has introduced some of the builtin menus the calculator ofters But if the solution to a problem is not built into HP 17bll you can turn to the most versatile feature of all the Equation Solver Here you define your own solution in terms of an equation The Solver then creates a menu to go with your equation which you can use over and over again just like the other menus in the calculator The Solver is covered in chapter 12 but here is an introductory example Because equations usually use letters of the alphabet this section also explains how to type and edit letters and other characters that aren t on the keyboard Example Using the Solver Suppose you frequently buy carpet and must calculate how much it will cost The price is quoted to you per square yard Regardless of how you do the calculation even if you do it longhand you are using an equation Price per Length feet Width feet square yard PAYD x L x W _ ogy 5 Converts square feet to square yards To type this equation into the Solver use the ALPHA menu 1 Getting Started 29 File name 17BIl Plus Manual E PRINT 030709 Print data 200
183. ng 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 H InyR PU O PAT O F4 OTHER Pressing f PRINTER LIST now produces a print out like this H I YRk Pus PMT Fils PAYRES EHO MODE Printing Number Lists To print out the contents of a particular SUM or CFLO list that list must be the current list Pressing PRINTER LIST while a SUM list named SALES is the current list produces labeled output like this HAME SALES ITEM WALUE 1 468 686 928 88 2 265 BB 1 a 3 1 168 668 4 T 2 622 B Printing Solver Equations To print one or all Solver equations display the main SOLVE menu press SOLVE To print just the current equation press PRT E To print out the entire list of equations press fgg PRINTER LIST Except IRR Instead press IRR to print the value for IRR 13 Printing 187 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Printing Appointments To print all stored appointments display the APPT menu press APPT then press g PRINTER LIST This produces a listing like this for each appointment 1 WED rre2s rh3s 16 86R DEMO FOR SMITH RPT HOHWE Menus Not Associated with Stored Data Remember that many menu labels do not represent data but rather activities such as FIN BUS DELET and SET They contain no information for printing The calcula
184. nite precision the HP 17bll 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 Exceptions 1 Occurrences of the unknown variable as the argument of the S function are ignored 2 The unknown variable can appear twice within an IF function once in the then clause and once in the else clause 242 B More About Calculations File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 The iterative search for a solution sometimes takes several minutes You can halt the search at any time by pressing any key except There are four possible outcomes E 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 m Case la LEFT RIGHT is exactly zero m Case lb LEFT RIGHT is not zero for either estimate However the Solver has found two estimates that cannot get any closer together Numbers that are as close together as possible are called neighbors Furthermore LEFT RIGHT is a positive value for one estimate and a negative value for the other estimate LEFT RIGHT LEFT RIGHT 9 D6 A Case la Case 1b LEFT RIGHT is exactly O LEFT RIGHT is not exactly O
185. nits All you need to do is re enter the one value you are changing Keys Display Description 2300 HEAT HE sT 2 3606 A Bs E 1 AA The training program would need to result in a 10 increase in sales to effect a new forecast of 2 300 The SOLVE Menu If the Solver list is empty you will see an instruction for entering an equation when you press SOLVE HEH FOR MEW EGUAT ION EDIT DELET NEH If the Solver list is not empty you will see the current equation the last one entered or selected Pressing 4 Y 4 and k Y moves you through the list 156 12 The Equation Solver File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Table 12 1 The SOLVE Menu Labels Description CALC Verifies the current equation and creates menu labels for it This is necessary before doing any calculations EDIT Accesses the ALPHA Edit menu page 31 so you can alter the current equation The arrow keys move long equations across the display DELET Deletes the current equation or just its variables that is the space allotted in memory for the variables HEH Allows you to enter a new equation While you re working with a specific equation in the Solver the equation s own menu appears in the display To retrieve the primary SOLVE menu press EXIT Entering Equations To make an entry into the Solver list 1 Press SOLWE MEW To insert the new entry at the bottom of th
186. nowledging appointments 147 Actual calendar actuarial equations 246 for arithmetic 149 for bonds 110 Addition 21 ADJST menu 144 Advance payments 74 77 199 200 253 See also Leasing Algebraic mode 36 262 rules in equations 164 66 ALOG 169 Alphabetic keys 30 32 ALPHAbetic menu 30 AM PM format 143 Amortization calculations 77 81 equations 247 schedule 78 290 Index File name 17BIl Plus Manual E PRINT 030709 schedule printing 81 83 AMRIT menu 78 AND operator 166 174 Annual percentage interest rate in TVM 63 with fees 193 with fees RPN 276 Annunciators 18 definition 18 printer 184 Antilogarithms 42 169 Appointment menus 142 145 messages 146 repeat interval 147 148 setting menu 146 Appointments acknowledging 147 clearing 148 messages 145 past due 146 printing 188 setting 146 47 unacknowledged 146 148 APPT menu 145 APR for with fees RPN 276 calculations 67 71 interest only 194 interest only RPN 276 odd period 195 196 97 Arithmetic 21 22 38 in registers and variables 46 in RPN 264 67 270 in RPN stack 270 Print data 2003 7 11 RPN examples 275 Arithmetic priority 154 Arrow keys for changing current equation 156 for editing 32 for finding an equation 162 for rolling the history stack 43 for viewing long equations 166 E 56 E 132 EAL 78 EEG 64 BASIS 115 BAHT 56 Backspace key 20 Balance of
187. ns 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 memory stack consists of up to four storage locations called registers which are stacked on top of each other It is a work area for calculations These registers labeled X Y Z and T store and manipulate four current numbers The oldest number is the one in the T top register 3 T 0 00 I Oldest number ae Z 10 001 Y 0 00 X Displayed most recent number The most recent number is in the X register This is the number you see in the display 268 E RPN The Stack File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Reviewing the Stack Roll Down The roll down function on the key lets you review the entire contents of the stack by rolling the contents downward one register at a time While in RPN mode you don t need to press the shift key for Ru The key has the same effect as Ri except in a CFLO or SUM list when F affects the list and not the stack Likewise the 4 key rolls the contents of the stack upward except in lists Rolling a Full Stack Suppose the stack is filled wit
188. nu does currency exchange calculations between two currencies using an exchange rate that you calculate or store The CURRX Menu FIN BUS SUM TIME SOLVE CURRX US EUR RATE C STO C RCL SELCT To display the currency exchange menu from the MAIN menu press CURES H BE US EURE RATE Currency 1 is US Currency 2 is EUR U S Dollar EURO Dollar 54 4 Currency Exchange Calculation File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Menu Key Table 4 1 The CURRX Menu of this currency Curr2 Currency currency 2 stores or calculates the number of units of this currency RATE Stores or calculates the exchange rate between the two current currencies The rate is expressed as the number of units of currency 2 equivalent to 1 unit of currency 1 C 5T0 Stores the current currency 1 currency 2 and RATE C RCL Recalls a previously stored pair of currencies and RATE Curr Current currency stores or calculates the number of units SELCT Selects a new set of currencies Selecting a Set of Currencies To select a pair of currencies 1 Press SELCT to display the menu of currencies Press more if necessary to see additional currencies see table 4 2 Press a menu key to select currency 1 Press a menu key to select currency 2 RATE is automatically reset to 1 0000 Enter an exchange rate There are two ways enter the RATE Calculate the rate
189. nual E PRINT 030709 Print data 2003 7 11 information is printed during the test 3 If possible return to the MAIN menu press f VAIN 4 To start the self test hold down while you press the fifth menu key from the left Once the self test has begun do not press any keys until you are ready to halt the test 5 During the test the calculator beeps periodically and displays various patterns and characters Watch for one of two messages that are displayed before the test automatically repeats m lf the calculator passes the self test the calculator displays OK lrbBII m It the calculator displays FAIL followed by a five digit number the calculator requires service 6 To halt the self test hold down while you press the third menu key from the left The calculator displays MACHINE RESET If you press any other key instead the test halts and the calculator displays a FAIL message This results from an incorrect key being pressed and does not mean that the calculator requires service 7 If the calculator tailed the self test repeat steps 4 through 6 to verity the results If you do not have a printer write down the messages that are displayed in step 5 Warranty HP 17bll Financial Calculator Warranty period 12 months 1 HP warrants to you the end user customer that HP hardware accessories and supplies will be free from defects in materials and workmanship after the date of purchase for the period specitied above
190. numbers 47 Exponentiation 41 42 265 in equations 165 F FACT 115 FROST 128 FRAN 18 Print data 2003 7 11 Ful key 63 FIX key 34 Face value bond 110 FACT 169 Factorial 42 169 FIN menu 256 57 FLOW Solver 169 Forecasting calculations 130 37 equations 251 values 121 132 34 Foreign language 224 Formatting number 34 FP 169 Fractional part 169 FRCST menu 130 132 Functions in equations 16 7 168 71 Future date calculating 151 Future value of a series of payments equation 246 Solver function 171 G co 82 G s0 132 GET in CFLO 99 GET in SUM 127 General business calculations 49 53 equations 247 File name 17BIl Plus Manual E PRINT 030709 Grouped standard deviation 138 39 Guesses entering in the Solver 181 83 IRR entering 238 40 Solver 245 H HELP in the appointment setting menu 145 in the SET menu 143 HK 56 Halting a numerical search 180 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 231 IHT 78 INSR in CFLO list 92 98 in SUM list 122 124 Index 297 Print data 2003 7 11 IRR 101 Ix 101 ITAL 18 Invk key 63 IH RS INTI 56 LINPUT 98 for storing equations 30 in CFLO menu 92 in RPN 264 in the Solver list 157 58 in SUM list 123
191. nvention 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 The BOND menu does not use this convention To calculate the price or yield of a bond 1 Display the BOND menu press FIN BOND 2 Press f CLR DATA This sets CALL 100 3 Define the type of bond If the message in the display does not match the type you want press TYPE Calendar basis Interest period A36 SEMTANNUAL C360 A SEMI ANN Pressing 368 sets the calendar basis to a 30 day month and a 360 day year mM Pressing AeA sets the calendar basis to the actual calendar month and to the actual calendar year Pressing SEMI sets semi annual coupon payments m Pressing ANH sets annual coupon payments Press to restore the BOND menu 4 Key in the settlement date MM DDYYYY or DD MMYYYY depending on the date format see chapter 11 and press SETT 5 Key in the maturity date or call date and press MAT 6 Key in the coupon rate as an annual percent and press CPH 7 Key in the call value if any and press CALL For a bond held to 110 8 Bonds File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 maturity the CALL value must equal 100 See step 3 8 To calculate a result first press MORE to access the remaining menu labels Do either a or b a Key in the yield and press YLO Press PRICE to calculate the price b Key
192. ny of the values to Zero OTHER Sets 24 payment periods 24 PAR per year End mode EMO e4P YR EXOD MODE 15 H H 368 BH Figures and stores number of deposits in N 8 3 IkvR IavR o 38 Stores annual interest rate 2000 Pu PY 2 B66 Be Stores initial deposit 80 FMT FMT 96 6 Stores semimonthly payment Fy FVS63 963 94 Calculates balance in IRA after 15 years 5 Time Value of Money 73 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Leasing Calculations Two common leasing calculations are 1 finding the lease payment necessary to achieve a specified yield and 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 For examples with two or more advance payments see pages 75 and 199 Example Calculating a Lease Payment A new car valued at 13 500 is to be leased for 3 years The lessee has the option to purchase the car for 7 500 at the end of the leasing period What monthly payments with one payment in advance are necessary to yield the lessor 14 annually Calculate the payments from the lessor s point of view Use Begin payment mode because the first payment is due at the inception of the lease FV 7 500 PMT 35 36 I
193. o 88H discounted purchase price new present value ISYR LaYR 26 rZ Calculates percent annual yield Annual Percentage Rate for a Loan with Fees See appendix F for RPN keystrokes for the next two examples The annual percentage rate APR incorporates fees usually charged when a mortgage is issued which effectively raises the interest rate The actual amount received the PV by the borrower is reduced while the periodic payments remain the same The APR can be calculated given the term of the mortgage N periods the annual interest rate I YR the mortgage amount new PV and the basis of the fee charged how the tee is calculated Remember the cash flow sign convention money paid out is negative money received is positive Example APR for a Loan with Fees A borrower is charged two points for the issuance of a mortgage One point is equal to 1 of the mortgage amount If the mortgage amount is 60 000 for 30 years and the interest rate is 114 annually with monthly payments what APR is the borrower paying 14 Additional Examples 193 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 111 2 To find the APR the new YR use the PMT calculated in step 1 and adjust the mortgage amount to reflect the points paid PV 60 000 2 All other values r
194. o enter numbers into the stack during arithmetic calculations E In lists a and move through lists Use to roll through stack contents Doing Calculations in RPN Arithmetic Topics Affected by RPN Mode This discussion of arithmetic using RPN replaces those parts of chapter 2 that are affected by RPN mode These operations are affected by RPN mode Two number arithmetic CJ G G L5 m The percent function m The LAST X function k LAST See appendix E 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 Notice that E separates numbers that you key in E The operator etc completes the calculation E One number functions such as vx work the same in ALG and RPN modes 264 D RPN Summary File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 To select RPN mode press f MODES RFH To Calculate Press Display 12 3 12 ENTER 3 15 12 3 12 N 3 E 9 88 12x3 12 ENTER 3 amp 36 06 12 3 12 EMER 3 E 4 86 12 12 we 144 a8 12 12 le 3 46 1 12 12 mm a a8 You do not need to use before an operator only between keyed in numbers Key in both numbers separated by ENTER before pressing the operator ke
195. or 780 July October and keeps a 245 running total 625 ITEM f a TOTAL lt 2 6153 68 CALC 2 615 66 Displays CALC menu MERAH HEAHS433 83 Calculates mean MEDH MEDIAH 395 BB Calculates median STDEY STDEY 231 55 Calculates standard 10 Running Total and Statistics 129 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 deviation MORE Displays rest of CALC menu MIH MIH 173 696 Finds smallest number Calculations with Two Variables FRCST The FRCST menu does the following two variable calculations using two SUM lists E Fits x and y data to a linear logarithmic exponential or power curve E Forecasts estimated values based on that curve E Finds the weighted mean and grouped standard deviation Shows you the summation statistics x x Ly Ly Uxy etc 130 10 Running Total and Statistics File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 CALC TOTAL MEAN MEDN STDEV RANGE MORE MIN MAX SORT FRCST MORE select x and y slit ylist CORR M B MORE MODL W MN G SD SIZE MORE LIN LOG EXP PWR 2X a 2X2 2 Y2 XXY MORE After pressing FREST you must specify two previously created lists one for the x variable and one for the y variable The two lists must have the same number of items 10 Running Total and Statistics 131 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Table 10 3 FRCST Menu Labels list name for
196. ough the list using the a and keys g A moves to TOF OF LIST and Y moves to BOTTOM OF LIST gt Shared Variables If two or more equations contain the same variable that variable is shared among those equations For example suppose your Solver list of equations includes these two equations labeled RUG which figures the cost of a carpet and TOTAL which figures the total cost of buying a carpet and installing it RUG P YTOxLeWH 9 COsT TOTAL COST HOURSx26 358 CHARGE COST is a shared variable You can calculate a value tor COST using the RUG equation then switch to the TOTAL equation and calculate CHARGE atter entering HOURS Since the value for COST is shared you do not need to store it again No sharing occurs between variables outside the Solver and those within the Solver For example this COST variable in the Solver is not shared with the 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 You can clear the variables in a Solver equation just as you clear variables in other menus press f CLR DATA while the menu with those variables is displayed 162 12 The Equation Solver File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 H BH MENT OLD
197. ount before first payment Annual payment deposit Calculates amount in account at retirement Calculates total amount paid into IRA by retirement Calculates interest you will earn 14 Additional Examples 207 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 _ Vo 15 amp B 47 646 07 Taxes at 15 of interest VY Subtracts taxes from total Vv E 779 994 39 FV to calculate after tax FV Fw FW 339 994 39 Stores after tax future value in FV 8 IXYR Calculates present value O PHT purchasing power of the Py PMS 22 995 36 above after tax FV at 8 inflation rate 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 The annual tax on the interest is paid out of the account Assume the deposits have been taxed already N the number of years until retirement I YR the annual interest rate diminished by the tax rate interest rate x 1 tax rate PV the current amount in the retirement account PMT the amount of the annual payment FV the future value of the retirement account 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 di
198. ples Loans Simple Annual Interest Yield of a Discounted or Premium Mortgage Annual Percentage Rate for a Loan with Fees Loan with an Odd Partial First Period Canadian Mortgages Advance Payments Leasing Savings Value of a Fund with Regular Withdrawals Deposits Needed for a Child s College Account Value of a Tax Free Account Value of a Taxable Retirement Account Modified Internal Rate of Return Price of an Insurance Policy Bonds Discounted Notes Statistics Moving Average Chi Squared x Statistics Contents File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 9 7 A 222 222 222 224 224 225 227 228 230 231 231 231 232 233 235 236 237 B 238 238 238 239 239 240 240 242 246 246 247 247 247 248 10 Contents 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 Confirming Calculator Operation Self Test Warranty Service Regulatory information Noise Declaration More About Calculations IRR Calculations Possible Outcomes of Calculating IRR Halting and Restarting the IRR Calculation Storing a Guess for IRR Solver Calculations Direct Solutions Iterative Solutions Equations Used by Bu
199. plus or minus sign precedes the number See Adding or Subtracting a Percentage below For instance 25 results in 25 To find 25 of 200 press 200 25 Result is 56 B Adding or Subtracting a Percentage You can do this all in one calculation For instance to decrease 200 by 25 just enter 200 25 Result is 156 BA Example Calculating Simple Interest You borrow 1 250 from a relative and agree to repay the loan in a year with 7 simple interest How much money will you owe Keys Display Description 1250 7 l 2560 86 57 58 Interest on the loan is 87 50 B Ls 3af 38 You must repay this amount at the end of one year The Mathematical Functions Some of the math functions appear on the keyboard others are in the MATH menu Math functions act on the last number in the display 40 2 Arithmetic File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Table 2 1 Shifted Math Functions Description reciprocal square root square Keys Display Description A lx Hees Reciprocal of 4 20 ag xx 4dr Calculates 20 V 4 47 2 Ji r Calculates 4 47 47 20 V1 1 we a1 6rxl el Calculates 1 17 V E 62 J2 Completes calculation of 4 47 47 2 x1 1 V The Power Function Exponentiation The power function J raises the preceding number to the power of the following number Keys Display Description 125 o5 3 E 1 953 125 68 Calculate
200. posite and the two estimates are as close together as two 12 digit numbers can get neighbors the Solver found two estimates that bracket an ideal solution a solution where LEFT RIGHT equals zero If LEFT and RIGHT are relatively close together the answer is probably a solution m Case 2b If the signs of LEFT RIGHT are opposite and the two estimates are not neighbors be very cautious about accepting the answer as a solution If LEFT and RIGHT are relatively close together the answer is probably a solution m Case 2c If LEFT RIGHT for the two estimates have the same sign the Solver has halted because it could find no estimates that further reduced the magnitude of LEFT RIGHT Be very cautious about accepting the answer If the values of LEFT and RIGHT are not relatively close to one another you should reject the answer 244 B More About Calculations File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 LEFT RIGHT Fstimate Case 2a LEFT RIGHT have opposite signs The two estimates are neighbors LEFT RIGHT Estimate Case 2c LEFT RIGHT have the same sign mE Case 3 The calculator displays LEFT RIGHT Estimate Case 2b LEFT RIGHT have opposite signs The two estimates are far apart BAD GUESSES PRESS COLRI TO VIEW The Solver is unable to begin its iterative search for a solution using the current initial estimates guesses Yo
201. pt to reset the calculator see page 228 2 If the calculator fails to respond after step 1 replace the batteries see page 225 If you have just replaced the batteries see page 227 If these steps do not help the calculator requires service m If the calculator doesn t respond to keystrokes 1 Attempt to reset the calculator see page 228 2 If the calculator still fails to respond attempt to erase Continuous Memory see page 230 This will erase all the information you ve stored If these steps do not help the calculator requires service E 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 2 If the calculator passes the self test it is quite likely you ve made a mistake in operating the calculator Try rereading portions of the manual and check Answers to Common Questions on page 222 3 Contact the Calculator Support department Confirming Calculator Operation Self Test If the display can be turned on but it appears that the calculator is not operating properly you can do a diagnostic self test The self test runs continuously repeating until you halt it To run the self test 1 Turn the calculator on 2 If you have the optional infrared printer turn it on Certain diagnostic 232 A Assistance Batteries Memory and Service File name 17BlIl Plus Ma
202. r 5 4 8 x 12 5 v 3 wO E 8 33x 4 5 2 8 33 7 46 x0 32 4 3x 3 15 2 75 1 71x2 01 A Solution 4 5 2 8 33 lm LAST 7 46 OB 32 QE 3 15 2 75 4 3 X 1 71 2 01 OSes Calculate 4 57 E RPN The Stack 275 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 RCL and in a CFLO list 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 You lend her the money at 7 simple annual interest to be calculated on a 365 day basis How much interest will she owe you in 60 days and what is the total amount owed Keys Display Description 450 7 31 358 Annual interest 60 365 5 18 Actual interest for 60 days 450 455 18 Adds principal to get total debt Example APR for a Loan with Fees A borrower is charged two points for the issuance of a mortgage One point is equal to 1 of the mortgage amount If the mortgage amount is 60 000 for 30 years and the interest rate is 11 2 annually with monthly payments what APR is the borrower paying 1 Since the payment amount is not given calculate it PMT first Use the given mortgage amount
203. r Setting an Appointment APT1 APT10 Table 11 3 Menu Labels for Setting Appointments Sets the appointment date Sets the appointment time and automatically enters the current date if the existing appointment date was in the past Sets AM or PM for 12 hour clock Displays the ALPHA menu and any existing MESSAGE Displays the existing repeat interval and the menu for changing the repeat interval Displays the format for entering the date and time 11 Time Appointments and Date Arithmetic 145 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 _ To set an appointment or view its current setting 1 Press TIME then APPT The display tells you which appointments numbered 1 10 are set and which are past due expired with unacknowledged alarms Pressing MORE displays the status and menu labels for appointments 6 through 10 2 Press a menu key APTI through APTI amp The display shows the current appointment if any and the menu labels for setting appointments 3 Optional press gg CLR DATA to remove any old information Appointment number li Be BE EE Lai BAA LATE TIHE A P HSG RPT Menu for setting appointments Message Repeat interval 4 Setting the appointment time Use 12 hour or 24 hour time as appropriate Key in the time as a number in the form HH MM For example 2 25 p m would be 2 25 12 hour format or 14 25 24 hour format Press TIM
204. ration the previous result moves out of the display but is still accessible Up to four lines of numbers are saved one in the display and three hidden These lines make up the history stack Invisible 1 HB we fah 3 48 remaining trom previous results 4 AH EFIN BUS SUM TIME A a Y 2 A 4 84 A 1 48 d an 7 BA 1 HE 2 AE FIN BUS SUM TIME S0LVE CURRH FIN BUS SUM TIME SOLVE CURRH The and g l Rt keys roll the history stack down or up one line bringing the hidden results back into the display If you hold down or the history stack wraps around on itself However you cannot roll the history stack when an incomplete calculation is in the display Also you cannot gain access to the stack while using lists SUM CFLO in ALG mode or SOLVE in either ALG or RPN mode All numbers in the history stack are retained when you switch menus Pressing f V exchanges the contents of the bottom two lines of the display 2 Arithmetic 43 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 _ Pressing CLR DATA clears the history stack Be careful if a menu is active because then also erases the data associated with that Menu V Keys Display Description 75 55 32 63 42 92 150 4 7 B 21 43 42 92 moves out of display Now suppose you want to multiply 42 92 x 11 Using the history stack saves you time Y 42 92 Moves 42 92 back
205. rest rate conversion menu FIN IQW PER Calculate the effective annual interest rate from the nominal annual interest rate given by the bank a Store annual interest rate in HOM b Store number of compounding periods per year in F c Press EFFX Calculate the nominal annual interest rate that corresponds to your payment periods a Store the number of regular payments or withdrawals you will be making per year in P b Press HOM Return to the TVM menu EXIT EXIT TMM Store the just calculated nominal interest rate in I YR press NR Store the number of payments or withdrawals per year in PYF and set the appropriate payment mode Continue with the TVM calculation Remember that money paid out is negative money received is positive a Nis the total number of periodic deposits or withdrawals b PV is the initial deposit c PMT is the amount of the regular periodic deposit or withdrawal d FV is the future value When the interest rate is the unknown variable first calculate I YR in the TVM menu This is the nominal annual rate that corresponds to your payment periods Next use the ICNV menu to convert this to the 88 6 Interest Rate Conversions File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 effective interest rate based on your payment periods Last convert the effective rate to the nominal rate based on the bank s compounding periods Ex
206. retained until you exit the TABLE menu so you can print successive amortization schedules by re entering only those TABLE values that change Example Printing an Amortization Schedule For the loan described in the previous example page 80 print an amortization table with entries for the fifth and sixth years You can continue from the AMRT menu in the previous example step 7 above or repeat steps 1 through 6 Starting from the AMRT menu Keys Display Description TABLE PRINT AMORT Displays menu for TABLE printing amortization table W412 1 FIRST FIRST 49 06 The 49th is the first payment in year 5 V6 m 12 LAST LAST 2 B6 The 72nd is the last payment in year 6 12 INCR IHCR 12 88 Each table entry represents 12 payments 82 5 Time Value of Money File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 1 year Go Calculates and prints amortization schedule shown below IxvR 12 58 Pils boa HBB Hi F HT 693 2 Fil 4H Ae PeYR iz B EHO MODE PMTS 49 668 IHTEREST r 976 PRIHCIPAL 347 BALAHCE 63 622 PMTS ei re IHTEREST r 3S8 PRIHCIPAL 395 BALAHCE 63 229 5 Time Value of Money 83 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 6 Interest Rate Conversions The interest conversion ICNV menu converts between nominal and effective interest rates To compare investments with different compounding periods their nomin
207. riables 28 Division 38 40 Doublespace printing 36 185 DSP menu 34 35 260 E key 47 EHD 64 EXP 42 EDIT 157 161 FURE 56 EHCL 18 ESPR 18 EFFx key 88 EXT 25 28 92 96 123 147 161 ENER 263 264 65 271 274 E in numbers 47 Index 295 Print data 2003 7 11 Editing alphabetic information 31 32 equations 161 keys 31 32 Effective interest rate 84 87 100 End payment mode 64 65 Ending value in summation function 176 English language setting 224 Entering equations 157 58 guesses in the Solver 181 83 Entering numbers in a SUM list 123 24 in RPN 264 271 into CFLO lists 95 97 Environmental limits 231 Equals sign used to complete calculations 21 38 Equation list See Solver list Equation Solver 153 83 240 46 clearing 163 introduction 29 Equations algebraic rules 164 characters in 166 67 clearing 163 deleting 162 64 displaying 162 editing 161 296 Index File name 17BIl Plus Manual E PRINT 030709 entering 157 erasing 163 for built in menus 246 53 invalid 158 length of 153 long viewing 166 naming 161 verifying 157 58 writing 164 Erasing See also Clearing Deleting Erasing calculator memory 225 230 31 Error messages 36 283 Estimates entering in the Solver 181 83 Examples 190 in RPN 276 82 Exchanging registers RPN 269 EXP 169 EXPM 169 Exponential model 130 132 133 Exponential
208. rinting Other Information gj PRINTER PRINTER LIST STK REGS TIME MSG TRACE 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 page 81 From within any menu you can press f PRINTER to bring up the PRINTER menu This table summarizes those printing activities Table 13 1 The PRINTER Menu Labels LIST Prints data stored or calculated in the current menu See Printing Variables and Lists below STK Prints the contents of the history stack REGS Prints the contents of registers O through 9 TIME Prints the current date and time MSG Displays the ALPHA menu for typing a message up to 22 characters long See page 188 TRACE Switches between Trace On and Trace Off modes See Trace Printing page 188 Upon completion all of these functions except TRACE return the previous menu to the display Printing Variables Lists and Appointments LIST You can list specific sets of information stored in menus by pressing lew PRINTER LIST while the relevant menu labels are displayed 186 13 Printing File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 Printing the Values Stored in Variables You can print a listi
209. roduce one new number in the X register dropping the stack See how a full stack drops lifts and drops its contents while calculating Ce ee a lost T po Le Le L re GG fe Y 3 7 a o RARE Drop Lift Drop a and b represent values already on the stack Notice that when the stack drops it replicates the contents of the T register and overwrites the X register When the stack lifts it pushes the top contents out of the T register and that number is lost This shows that the stack s memory is limited to four numbers for calculations E Because of the automatic movement of the stack you do not need to clear the display before doing a new calculation Most functions except and CLR prepare the stack to lift its contents when the next number enters the X register 270 E RPN The Stack File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 How ENTER Works You know that separates two numbers keyed in one after the 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 5 6 X lt N 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 The effect is simply to separate two sequentially entered numbers Using a Number Twice in a Row You can use the replicating featur
210. s 272 E RPN The Stack File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 epe l l l e b e ef e e ml X lt N A baw CLR DATA 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 gJ CLRDATA also clears the 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 a operation Pressing LAST returns this value to the X register This ability to recall the last x value has two main uses E Correcting errors retrieving a number that was in the X register just before an incorrect calculation Reusing a number in a calculation Reusing Numbers You can use f LAST to reuse a number such as a constant in a calculation Remember to enter the constant second just before executing the arithmetic operation so that the constant is the last number in the X register and therefore can be saved and retrieved with lee LAST 96 74452 39 E le Calculate xample aIcularTe 52 39 E RPN The Stack 273 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Keys Display Description 96 74 6 74 52 39 149 13 Intermediate result lew LAST ae 3
211. s 9 annually compounded monthly and you plan to make monthly deposits starting at the end of the current month How much should you deposit each month to meet her educational expenses The cash flow diagram looks like this 14 Additional Examples 203 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 A A A A or Or Or Or O D O O O O O O O O O 0 0 0 0 0 0 0 0 0 0 b l ooed O 1 2 144 156 168 180 iM gi e e oo ais ww amp 2 we amp wo amp au oO 656 665 ODS 6 225 22 228 225 SS a 21 a a lo Pa ra Hoo I a A Q l O Q 2 a S S 2 S S S Figure 14 1 Flow of Withdrawals I YR 9 00 NPV PV FeO 2 J 178 179 180 NUS PMT Figure 14 2 Flow of Deposits Keys Display Description FIH Displays current cash flow CFLO list and CFLO menu keys few CLRDATA YES Clears current list or gets a or new one GET HEM FLOW Boa 7 204 14 Additional Examples File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 Step 1 Set up a CFLO list O FLOW las Sets initial cash flow FLOW 0 to zero O TIMES 1o 1 Stores zero in FLOW 1 and prompts for the number of times it occurs y 12 12 1 Stores 143 for 11 years FLOW GC 2a 11 months in TIMES 1 tor FLOW 1 15000 TIMES 2a 1 Stores amount of first withdrawal at end of 12th year FLOW 3257F O TIMESC s9 1 Stores ca
212. s BUS CHANGE e x 100 OLD yroral ZART x 100 TOTAL MARKUP C AE x 100 COST MARKUP P x 100 PRICE Time Value of Money TVM S payment mode factor O for End mode 1 for Begin mode o AYR P YR 0 PV 1 mand x PMT x USPV i n FV x SPPV i n Amortization gt INT accumulated interest gt PRIN accumulated principal i periodic interest rate BAL is initially PV rounded to the current display setting PMT is initially PMT rounded to the current display setting I YR P YR x 100 I I For each payment amortized B More About Calculations 247 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 INT BAL x i INT is rounded to the current display setting INT O for period O in Begin mode INT INT with sign of PMT PRIN PMT INT PRIN PMT INT BAL BAL PRIN SINT ewn INT gg INT PRIN jew PRIN gig PRIN new Interest Rate Conversions Periodic compounding oy NP EFF i M x 100 100 x P Continuous compounding NOM EFF e 10 j x 100 Cash Flow Calculations j the group number of the cash flow CF amount of the cash flow tor group j n TIMES the cash flow occurs for group j k the group number of the last group of cash flows N 2 n total number of cash flows prior to group j lt I lt j k NPV CF DCF x USPV i n x SPPV i N When NPV O the sol
213. s See also Value entering RPN 264 271 with exponents 47 Numerical solutions 179 81 NUS 100 249 O oo 50 WO 17 Index 301 Print data 2003 7 11 7 LON 17 Odd period calculations 172 73 195 253 Operators in equations 164 67 in RPN 266 268 274 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 P PESO 56 63 PRIN 78 PHT 63 Fere 62 4 P 78 82 85 PRICE 52 109 PART 51 PUR 121 132 PK RS 56 PI 42 PORT 18 lw PRINTER 186 PRT 186 Parentheses 302 Index File name 17BIl Plus Manual E PRINT 030709 in arithmetic calculations 39 40 in equations 165 167 in RPN 266 268 274 Partial period See also Odd period payments 62 Past dates calculating 151 Past due appointments acknowledging 148 definition 146 Payment mode 62 changing 62 definition 65 66 resetting 62 Payment periods 62 compounding 61 64 in cash flow calculations 93 vs compounding periods 87 90 200 Payments amortization 77 81 lease 74 77 number per year in TVM 63 TVM 62 Percent 40 change 49 51 key for simple interest 40 61 of cost 49 52 of total 49 51 Percentage calculations 49 53 in RPN 265 Periodic compounding calculating interest rates for Print data 2003 7 11 7 85 86 Periodic interest rate 101 Period
214. s 125 125 Wm 3 Calculates the cube root of bee Cx J A 125 which is the same as 125 2 Arithmetic 41 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 The MATH Menu To display the MATH menu press gg MATH the shifted 9 key Like the other mathematics functions these functions operate on only the last number in the display Table 2 2 The MATH Menu Labels Loc Common base 10 logarithm of a positive number 1B Common base 10 antilogarithm calculates 10 LH Natural base e logarithm of a positive number EXP Natural antilogarithm calculates e H Factorial PI Inserts the value for z into the display Keys Display Description 2 5 gg MATH Calculates 107 1B 316 23 4 H 24 68 Calculates the factorial of 4 Exits MATH menu You can access the MATH menu when another menu is displayed For instance while using SUM you might want to use a MATH function Just press f MATH then perform the calculation Pressing returns you to SUM The MATH result remains in the calculator line Remember however that you must exit MATH before you resume using SUM 42 2 Arithmetic File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 ope
215. s a zero item and renumbers the rest of the list You can then enter a new value For example if ITEM 6 is in the display pressing INS puts a new zero item between the previously numbered ITEM 5 and ITEM 6 124 10 Running Total and Statistics File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 Deleting Numbers from a List Pressing DELET deletes the current 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 Bate Transaction Amount Date Transacion Amount 6 1 Balance 6 3 Check Deposit Check Check 368 23 6 10 Deposit Check Update the checkbook by calculating the running balance Keys Display Description SUM ly CLRDATA YES ITEMc1357 Displays empty SUM list 267 82 ITEM 295 Enters beginning balance TOTAL 267 62 and shows running total 837 42 ITEM 395 Enters deposit on 6 1 TOTAL 1 185 24 368 23 Enters remaining transactions If you want to preserve the current list skip the next step pressing t CLR DATA Instead name the list and then press GET HEH 10 Running Total and Statistics 125 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 55 67 ITEM 83 7 TOTALHESSS AP ITEM S1 7 Ends list and displays SUM menu again Copying a Number from a List to the Calculator Line To copy a number from the list into the calculator line use
216. s between two dates 1 Key in the first date for today s date use TODAY and press DATEL 150 11 Time Appointments and Date Arithmetic File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 2 Key in the second date and press DATE 3 Press DAYS 3660 using that calendar or 3650 to calculate the number of days 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 Keys Display Description TIME CALC Displays CALC menu 4 202003 Stores Apr 20 2003 DATE1 DATE1 as first date and 04 20720603 SUH displays its day of the week 8 022040 Stores Aug 2 2040 as DATE DATE2 second date 88 82 2648 THU DAY S ACTUAL DAYS Calculates actual 13 619 06 number of intervening days 3650 365 0AYS 13 683 88 Calculates number of intervening days by a 365 day calendar Calculating Past or Future Dates To calculate a date a specitied number of days from another date 1 Key in the known date for today s date use TODAY and press DATE1 2 Key in the number of days This number should be negative if the unknown date precedes the known date Press DAYS 11 Time Appointments and Date Arithmetic 151 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 3 Press DATEZ This calculation always uses the actua
217. s single values can be stored E To calculate a value press the menu key without first keying in a number The calculator displays CALCULATIWG when a value is being calculated To verify a stored value press recall followed by the menu key For example COST displays the value stored in COST E 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 See page 45 Storing and Recalling Numbers Exiting Menus EXIT The key is used to leave the current menu and go back to the previously displayed menu as shown in the previous example This is true for menus you might pick by accident too gets you out Clearing Values in Menus The CLR DATA key is a powerful feature to clear all the data in the currently displayed menu giving you a clean slate for new calculations m f the current menu has variables that is if the display shows menu labels for variables such as COST PRICE and M C in the MU C menu pressing f CLR DATA clears the values of those variables to Zero If you have just switched menus and want to store the result already in the calculator line then you should press before the menu key T To store the same number into two different variables use for the second variable e g 25 PRICE COST 28 1 Getti
218. served values Names the list OBS Displays the CHI equation Make sure name is OBS Displays menu Stores expected value Calculates y The number of degrees of freedom is n 1 5 Consult statistical tables to find x to a significance level of 0 05 with 5 degrees of freedom The table shows that Z355 11 07 Since the computed value 5 00 is less than 11 07 you can conclude that to a 0 05 signiticance level 95 probability the die is fair 14 Additional Examples 221 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 Assistance Batteries Memory and Service Obtaining Help in Operating the Calculator HewlettPackard 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 Past experience has shown that many of our customers have similar questions Answers to Common Questions Q lm not sure if the calculator is malfunctioning or if I m doing something incorrectly How can determine if the calculator is operating properly A Refer to page 232 which describes the diagnostic self test Q My arithmetic keys don t work like expect press 12 4 3 and get 3 00 A You may be in the wrong mode Press f MODES ALG to set Algebraic mode Q My numbers contain commas as d
219. sh flows of zero 11 FLH 4357 for the next 11 months 15000 Stores second withdrawal FLOW S157 for sophomore year O Stores cash flows of zero 11 FLOW Ga for the next 11 months 15000 Stores third withdrawal FLOW 7157 for junior year O Stores cash flows of zero 11 FLOW Sas for the next 11 months 15000 Stores fourth withdrawal FLOW Sa for senior year CALC HPY HUS HFM Done entering cash flows HEED 1 gets CALC menu 14 Additional Examples 205 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 _ Step 2 Calculate NUS for the monthly deposit Keys Display Description V9 12 Figures the periodic IX Iase 93 monthly interest rate and stores it in 1 MUS HUS 162 34 Amount of monthly deposit needed to meet planned withdrawals MP HFY 17 973 45 Calculates the net present value of the monthly deposits which is the same as the NPV of the four future withdrawals 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 Remember that for calculations with cash flows money paid out is negative and money received is positive Current tax law and your current income will determine whether just interest or also principal are tax free and for how long You can solve for either case N the number of payments until
220. ss key in the value and press the menu key twice For example 4 5 A A enters 4 5 as a guess for a Solver variable named A and starts the calculation To enter two guesses key in the first guess and press the menu key Then key in the second quess and press the menu key twice For example O A 100 A A causes the Solver to search for A using O and 100 Example Using Guesses to Find a Solution Iteratively One equation for calculating the profit from a manufacturing operation is 12 The Equation Solver 181 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Profit Price x Quantity Variable costs x Quantity Fixed Costs 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 You can use this information as initial guesses Press SOLVE MEW then enter the equation PROFIT PRICE X QTY VARCOST OTY FIACOST Keys Display Description CALC Stores verifies and creates labels for the equation 6000 PRICE PRICE 6 888 8 Stores price 4100 ARCO VARCOST 4 148 68 Stores variable cost 112000 Fiasco FIACOST 112 888 88 fixed cost and profit 130000 FROFI PROFIT 136 000 448 The following steps enter guesses for QTY If the Solver must search iteratively
221. sts E SIZEC CFLO listname returns the number of the last flow in the specitied CFLO list For example if the last flow in the list INV were FLOW 62 5 800 86 then SIZECE IHY would equal 6 00 FLOW CFLO listname flow number returns the value of the specified flow m T lt CFLO listname flow number returns the number of times the specitied flow occurs E S1ZES SUM listname3 returns the number of items in the specified SUM list E ITEW lt SUM listname item number returns the value of the specitied item Summation of List Data The function can be used to sum calculations done with numbers in lists For example the following equation calculates x y7 for values stored in two SUM lists named XVAR and YVAR which must have the same number of items SeeYe aCLilislZbstaVARa rl i ITENCaAVAR latex ITEMCYVAR Tata 12 The Equation Solver 177 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Chi Squared Statistics in chapter 14 illustrates another use of the 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 S variable name The advantage over two separate equations is that the single equation gives you a single menu with all possible variables That way if you are working with two d
222. t or gets a VES new one or GET HEM ITEM 1a Y 200 Stores rents into a list 205 210 138 10 Running Total and Statistics File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 216 HAME RENT GET NEW 54 32 88 92 CALC MORE FROST RENT FLUFF MORE Why G S0 ITEMC S35 TOTAL 831 68 ITEM S357 ITEMC 1a ITEM sa 7 TOTAL 266 68 SELECT VARIABLE SELECT VARIABLE LINEAR 209 dq ao Summation Statistics Names this list RENT See page 30 to use the ALPHA menu Gets a new empty list Stores frequencies into second list Displays names of all SUM lists Specities RENT as the xlist Specifies the current unnamed list as the y list and then displays the FRCST menu Ignore model type Average monthly rent Standard deviation of the rents The summation values are of interest if you want to perform other statistical calculations besides those provided by the calculator To find x x Ly Ly X xy and n the number of elements in either list 1 Display the FRCST menu and select the x and y lists as explained in steps 1 4 of the instructions on page 134 To find the summation 10 Running Total and Statistics 139 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 statistics for just one list of data specify the same list for both x and y 2 To see n press MORE SIZE 3 Press MORE again to display the summation
223. t you have entered the equation named ODD above into the Solver For instructions on entering Solver equations see Solving Your Own Equations on page 29 Example Loan with an Odd First Period A 36 month loan for 4 500 has an annual interest rate of 15 If the first payment is made in 46 days what is the monthly payment amount Select equation ODD in the Solver Keys Display Description CALC Creates menu 36 H H 36 AA 36 payment periods 4500 PM Pu 4 5AA AA Stores loan amount V15 12 Stores periodic monthly You do not need to specify Begin or End mode If the number of days until the first payment is less than 30 Begin mode is assumed If the number of days until the first payment is between 30 and 59 inclusive End mode is assumed 196 14 Additional Examples File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 IX Tn 1 25 interest rate 46 DRYS DAYS 46 H6 Stores days until first payment O FY FV H BG No balloon payment PRT PMT 157 63 Calculates payment Example Loan with an Odd First Period Plus Balloon A 10 000 loan has 24 monthly payments of 400 plus a balloon payment of 3 000 at the end of the 24th month If the payments begin in 8 days what annual interest rate is being charged Select equation ODD Keys Display Description CALC Creates menu 10000 Pw FY 1 0 066 68 Stores known values 24 4H H 24 B6 400 FMT PHT 464 86 3000 FY 8 DAYS FI 3 8868 0G DA
224. tance to calculate you can type either 38 2 Arithmetic File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 In the second case the key acts like the key by displaying the result of 750 x 12 Here s a longer chain calculation 456 75 68 __ x 18 5 he This calculation can be written as 456 75 18 5 x 68 1 9 Watch what happens in the display as you key it in Keys Display 456 75 o381 88 18 5 20 59x 68 1 406 43 1 9 f Tar AY V Using Parentheses in Calculations Use parentheses when you want to postpone calculating an intermediate result until you ve entered more numbers For example suppose you want to calculate 30 85 12 If you were to key in 30 85 the calculator would calculate the intermediate result 0 35 However that s not what you want To de lay the division until you ve subtracted 12 from 85 use parentheses x 9 Keys Display Description 30 59 85H 38 BB 085 88 No calculation is done 12 34 667 73 48 Calculates 85 12 9 B 41x9 Calculates 30 73 J r Calculates 0 41x 9 2 Arithmetic 39 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 _ Note that you must include a x for multiplication parentheses do not imply multiplication V The Percent Key The key has two functions Finding a Percentage In most cases divides a number by 100 The one exception is when a
225. the RATE to 1 0000 The values of the two current currencies are cleared to O 60 4 Currency Exchange Calculation File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 5 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 E n compound interest calculations interest is added to the principal at specified compounding periods thereby also earning interest Savings accounts mortgages and leases are compound interest calculations E n simple interest calculations the interest is a percent of the principal and is repaid in one lump sum Simple interest calculations can be done using the key page 40 For an example that calculates simple interest using an annual interest rate see page 190 The TVM Menu FIN BUS SUM TIME SOLE CURRX TVM ICNYV CHO BOND DEPRC N I YR PV PMT FV OTHER P YR BEG END AMRT 5 Time Value of Money 61 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 The time value of money TVM menu does many compound interest calculations Specifically you can use the TVYM menu for a series of cash flows money received or money paid when m The dollar amount is the same for each payment E The payments occur at regular intervals E The payment periods coincide with the compounding p
226. the buy option 4 Add the present values calculated in steps 2 and 3 5 Time Value of Money 75 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Keys Display FIN TM les CLR DATA 12 PeYR EHD MODE OTHER 12 PvE BEG iz PYR BEGIN MODE Description Displays TVM menu Clears history stack and TVM variables Sets 12 payment periods per year Begin mode Step 1 Find the present value of the monthly payments 47 H H 4r BB 18 IKR I YR 18 06 2400 PMT PMT 2 400 06 Pi PUS81 735 58 Stores number of payments Stores annual interest rate Stores monthly payment Calculates present capitalized value of the 47 monthly payments Step 2 Add the additional advance payment to PV Store the answer V 2400 24 125 58 STO O aq 135 58 Calculates present value of all payments Stores result in register O Step 3 Find the present value of the buy option 48 WH H 48 00 15000 Fiy Fy 15 000 0A O PMT PMT 6 00 76 5 Time Value of Money File name 17BIl Plus Manual E PRINT 030709 Stores number of payment periods Stores amount of the buy option money paid out There are no payments Print data 2003 7 11 7 Pl PS 3d8 43 Calculates present value of the buy option Step 4 Add the results of step 2 and 3 V GRC 0 E f1 476 46 Calculates present capitalized value of lease Amortization AMRT The AMRT menu press TuM OTHER AMRT displ
227. the language 1 Press the gg MODES 2 Press INTL to display the INTL menu which stands for international 3 Press the appropriate menu key to change the language Table 1 1 Keys for language Key DEUT German ENGL English ESPR Spanish FRAM French ITAL Italian PORT Portuguese 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 Annunciators The symbols shown here are called annunciators Each one has a special significance 18 1 Getting Started File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 Shift fal is Sending information Alarm going off active to the printer or past due Batteries low page 19 page 184 page 147 paga 224 Na N Annunciators 4 Gam 4 Calculator line Cursor FIN EUS SUM TIME 0LVEMCURRH Menu labels for the MAIN menu To display the MAIN menu press bee MAIN that is first f then EXT The Shift Key a Some keys have a second shifted function printed in color above the key The colored shift key accesses these operations For example pressing and releasing then pressing turns the calculator off This is written f OFF Pressing
228. the nominal rate and press HOM then press EFF 5 To convert to the nominal rate first key in the effective rate and press EFF then press MOM 6 Interest Rate Conversions 85 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 To convert between a nominal annual interest rate and an effective annual interest rate that is compounded continuously 1 Press FIN ICH to get the interest conversions menu 2 Press CONT for continuous 3 To convert to the effective rate key in the nominal rate and press MOM gt then press EFF 4 To convert to the nominal rate key in the effective rate and press EFF then press HOM Values of EFF and NOM are shared between the PER and CONT menus For example an effective interest rate in CONT remains stored in EFF when you exit the CONT menu and enter the PER menu Pressing f CLR DATA in either menu clears NOM and EFF in both ICNV PER CONT NOM EFF P NOM EFF Se ji Shared variables ji between PER and CONT Example Converting from a Nominal to an Effective Interest Rate You are considering opening a savings account in one of three banks Which bank has the most favorable interest rate Bank 1 6 7 annual interest compounded quarterly Bank 2 6 65 annual interest compounded monthly Bank 3 6 65 annual interest compounded continuously Keys Display Description FIN ICH Displays ICNV menu PER COMPOUNOIHG F Displays PER menu
229. these operators except can be included in an equation In the Solver is just a character You can call up the MATH menu from the Solver Many of these operators look different in an equation pressing fal produces SGRT for example You then supply a number or variable followed by a closing parenthesis The list of Solver functions on pages 168 171 shows the spelling of each function Note that you supply the number affer supplying the function You can also type these functions letter by letter using the ALPHA menu However it is faster to select math operators directly on the keyboard or in the MATH menu This is called a typing aid For instance these two methods of placing 25 factorial into an equation are equivalent Starting after SOLWE MEH 1 Using the ALPHA Menu Keys Display Description FGHI F F ABCDE A FA 12 The Equation Solver 167 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 ABCDE E FAC FSTUY T FACT 0250 FACTi25 AECDE This calculates 25 A FACT 253 A factorial 2 Using a Typing Aid Keys Display Description MATH MATH menu labels appear H FACT The ALPHA menu automatically returns atter one MATH selection 25 DE FACT lt 253 ABCOE This also calculates 25 A FACT C25 F and with fewer keystrokes Solver Functions Here is a complete list of functions that you can include in Solver equations The items inside parentheses m
230. to Find a Solution Iteratively Printing Trace Printing an Arithmetic Calculation List of Examples 15 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Important Information Take the time to read chapter 1 It gives you an overview of how the calculator works and introduces terms and concepts that are used throughout the manual After reading chapter 1 you ll be ready to start using all of the calculator s features M You can choose either ALG Algebraic or RPN Reverse Polish Notation mode for your calculations Throughout the manual the V in the margin indicates that the examples or keystrokes must be performed differently in RPN Appendixes D E and F explain how to use your calculator in RPN mode mE Match the problem you need to solve with the calculator s capabilities and read the related topic You can locate information about the calculator s features using the table of contents the subject index the list of examples and the menu maps in appendix C the gold edged pages E 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 E For a deeper treatment of specific types of calculations refer to chapter 14 Additional Examples If you especially like learning by example this is a good reference spot for you 16 Important Information File name 17BIl Plus
231. to the 3rd power and then multiplied by A To raise A x B to the 3rd power write the equation as AxB3 3 C mE Multiplication and division before addition and subtraction For example A B C 12 is interpreted as A B C 12 To divide the sum of A B by C enter the equation as A B3 C 12 Parentheses Parentheses override the above rules of priority When in doubt use parentheses It never hurts to use parentheses even multiple parentheses Do not use brackets or braces For example earlier page 154 we used the equation A B C x Old F t Next Forecast Old Forecast F 100 which was entered into the calculator as HEA T OLO CAS B44 045 1880L0 would be entered as A Bxld A B x C a BC could be entered as A BExC cD0xE 5 12 The Equation Solver 165 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 B x C D5 x E could be entered as A BxC 04 53xE3 x 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 An equation longer than one display line 22 characters moves to the left and adds an ellipsis To view a long equation move the cursor using the arrow keys on the ALPHA Edit menu For example TOTALCOST LEHGTHxWIOTHsHE IGHT 12xUNITx 1 MAREKUPs 1 88 looks like TOTALCOST LEHGTHxWIOT when it is stored Press EDIT E gt
232. ton cell batteries Both batteries must be changed at the same time Do not use rechargeable batteries Low Power Indications When the low battery annunciator E comes on the calculator can continue normal operation for several hours If the calculator is turned off Continuous Memory will be preserved for approximately two weeks To conserve battery power printing does not function when the battery annunciator is on Printing might halt during a printing operation 224 A Assistance Batteries Memory and Service File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 _ due to a borderline low battery condition The calculator can detect that there is insufficient power for printing before the battery annunciator comes on 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 displays MACHINE RESET if your stored data is intact If data has been lost the calculator displays MEMORY LOST In either case the clock s time might be incorrect Installing Batteries Once the batteries are removed you must replace the batteries within 30 seconds to prevent loss of Continuous Memory To install batteries 1 Have two
233. tor beeps if there is nothing to print when you press lw PRINTER LIST Printing Descriptive Messages MSG You can include descriptive messages with your printed output by using MSG For example suppose you wanted to print a number that represents the balance for September You could start the output with the label SEPTEMBER BALANCE 1 Press gg PRINTER then MSG This brings up the ALPHA menu 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 PRT Trace Printing TRACE Trace printing produces a record of all the keys you ve pressed and of calculated results When tracing is off use and f PRINTER to print what you want When tracing is on the calculator uses more power and operates more slowly To switch trace printing on and off 1 Press gg PRINTER 188 13 Printing File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 _ 2 Press TRACE to change the setting A message informs you that tracing is on or off If necessary press TRACE again to display the desired message 3 Press EXIT Example Trace Printing an Arithmetic Calculation Produce a record of the keystrokes you use to do the following calculation and store the result in the TVM variable PMT J 19x 4 800 125 Press PRINTER TRACE to set PRINT MODE TRACE OH If you see PRINT MODE TRACE OFF
234. u might find a solution by B More About Calculations 245 Print data 2003 7 11 File name 17BIl Plus Manual E PRINT 030709 7 entering ditferent estimates The closer you can estimate the answer the more likely that the Solver will find a solution mE Case 4 The calculator displays SOLUTION HOT FOUNO The Solver is unable to find a solution Check your equation to make sure you have made no errors in entering it Also check the value of each known variable If your equation and variables are correct you might be able to find a solution by entering very good guesses Equations Used by Built in Menus Actuarial Functions n number of compounding periods i periodic interest rate expressed as a percentage Single Payment Present Value Function Present value of a single 1 00 payment made after n periods 1 n SPPV i n 1 1 n a Single Payment Future Value Function Future value after n periods of a single 1 00 payment n SPFV i n 1 2 1 n F 10 7 Uniform Series Present Value Function Present value of a 1 00 payment that occurs n times 1 n T 17 i a i 100 USPV i n Uniform Series Future Value Function Future value of a 1 00 payment that occurs n times 246 B More About Calculations File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 1 ae a B USFV i n z 100 Percentage Calculations in Busines
235. ues in the part of the equation that it is solving How the Solver Works 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 It estimates a set of answers sees how close they are to a solution and then makes another set of estimates The calculator displays the Solver s current estimates as the Solver searches for an answer You should keep in mind that there might be more than one solution to an equation and that it might be necessary for you to enter guesses to influence which solution the Solver finds If the displayed estimates don t appear to be proceeding towards a number you judge to be a reasonable answer you can stop this iterative process enter your own guesses and restart the search See Halting and Restarting the Iterative Search and Entering Guesses below 12 The Equation Solver 179 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 The process of finding a solution iteratively is very complex There are four possible outcomes Refer to Solver Calculations in appendix B for additional descriptions of these outcomes E Case 1 The calculator displays a result It is very likely that this is a solution to
236. ul life in whole years of the asset ACRS Stores the appropriate Accelerated Cost Recovery System percentage from the published ACRS tables ACRS Calculates the ACRS deduction based on BASIS and ACRS The values in SALV LIFE FACT and YR do not matter MORE YEH Stores the number of the year for which you want the depreciation 1 2 etc FACT Stores the declining balance factor as a percentage of the straight line rate This is for the DB method only For example for a rate 1 times 125 the straightline rate enter 125 DE Calculates the declining balance depreciation for the year sovo Calculates the sum ot the years digits depreciation for the year SL Calculates the straight line depreciation for the year Y Displays the remaining depreciable value RDV after you have pressed OB SOD or SL The calculator retains the values of the DEPRC variables until you clear them by pressing f CLR DATA while the DEPRC menu is displayed 9 Depreciation 115 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 To see the value currently stored in a variable press menu label Doing Depreciation Calculations DB SOYD and SL Methods To calculate the depreciation for an asset l Z Press OB sovo Display the DEPRC menu press FIN DEFRC Define the characteristics of the asset a Key in the cost basis and press BASIS b Key in the salvage value and press SALW If t
237. ulates new salary The Summation Function gt The function does summation calculations in an equation counter variable starting value ending value step size algebraic expression The counter variable takes on a series of values beginning with the starting value and incrementing according to the step size until it passes the ending value For each value of the counter the algebraic expression is evaluated and the value is added to the previous value The function returns the final summation For example when the equation SERIES E I i 6 1 IxkK I3 is solved for SERIES the counter I runs from 1 through 6 in steps of one that is 1 2 3 4 5 6 For each value the expression Ix I is 176 12 The Equation Solver File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 calculated and added to the sum Thus the stored value of X is used to calculate X 2X 3X 4X 5X 6X The following equation uses a variable as the ending value O as the beginning value and a step size of 2 SERIES 2 1 LAST i2 1Ixe 13 If 8 is stored in LAST takes on values of O 2 4 6 and 8 Then the stored value of X will calculate 2X 4X4 6X 8X8 Accessing CFLO and SUM Lists from the Solver You can use a Solver equation to perform calculations other than those in the CFLO and SUM menus using data stored in CFLO and SUM lists The following Solver functions gain access to these li
238. ulations for internal rate of return are complex and may take a relatively long time To interrupt the calculation press any key In certain cases the calculator displays a message indicating that the calculation cannot continue without further information from you or that there is no solution Refer to appendix B for additional information about calculating IRR About the Internal Rate of Return IRR A conventional investment is considered attractive if IRR exceeds the cost of capital A conventional investment meets two criteria 1 the sequence of cash tlows changes sign only once and 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 7 Cash Flow Calculations 101 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 115 000 5 000 5 500 4 500 FLOW 0 80 000 Initial flow Calculate the total of the cash flows and the internal rate of return of the investment In addition calculate the net present value and net future value assuming an annual interest rate of 10 5 Start the problem with an empty cash flow list Since the cash flows are un
239. ust be replaced by specitic numbers variables or algebraic expressions In addition you can use the arithmetic operators x y but not In the Solver is just a character not an operator 168 12 The Equation Solver File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 7 Table 12 2 Solver Functions for Equations iin e ABS x Absolute value of x ALOG x Common base 10 antilogarithm 10 CDATE Current date CTIME Current time DATE d 1 n The date n days after when n is positive or before when n is negative date d1 The format tor d1 is set in the TIME SET menu DDAYS d1 d2 cal Number of days between dates d1 and d2 Formats for d1 and d2 are set in the TIME menu cal designates the calendar cal 1 for the actual calendar which recognizes leap years cal 2 for the 365 day calendar which ignores leap years cal 3 for the 360 da calendar which uses 1 30 day months EXP x Natural antilogarithm e EXPM1 x gesik FACT x x factorial of a positive integer FLOW CFLO listhame tlow Value of the specified cash flow FP x Fractional part of x 12 The Equation Solver 169 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 Table 12 2 Solver Functions for Equations Continued inn w O HMS time Converts time in decimal hours to HH MMSS format HRS time Converts time in HH MMSS format to decimal hours
240. ution for i is IRR 248 B More About Calculations File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 k NFV NPV x SPFV i N where N gt n a NPV NUS USPVi N k TOTAL X n x CF j 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 E number of days in coupon period bracketing settlement date By convention E is 180 or 360 if calendar basis is 30 360 DSC number of days from settlement date to next coupon date DSC E A M coupon periods per year 1 annual 2 semiannual N number of coupon periods between settlement and redemption dates If N has a fractional part settlement not on coupon date then round it to the next higher whole number Y annual yield as a decimal fraction YLD 100 For one or fewer coupon period to redemption CPN pet Se if Ag OND E M K E M For more than one coupon period to redemption B More About Calculations 249 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 price __AU N 1 Cea M CPN N O M A o g c M if y K 12 1 i The end of month convention is used to determine coupon dates in the following exceptional situations This affects calculations for
241. vidend rate of 8 175 and a tax rate of 28 and that payments begin today What will be the purchasing power of that amount in today s dollars assuming 8 annual inflation 208 14 Additional Examples File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 Keys Display Description FIN TuM Displays TVM menu OTHER FYR Sets payment per year BEG l PYR BEGIN MODE and Begin mode 35 H H 35 68 Stores years until retirement VW 8 175 28 5 15 2 29 Calculates and stores IVP PavR 3 93 interest rate diminished by tax rate O PY PUS8 ae Stores no present value 3000 PMT PMHT 23 AAA AA Stores annual payment Fi FUl 345 585 61 Calculates future value 8 IXYR Calculates present value O PHT purchasing power of the Py PMS 25 3660 11 above FV at 8 inflation 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 For example the cash flow sequence in the following example has three sign changes and hence up to three potential internal rates of return This particular example has three positive real answers 1 86 14 35 and 29 02 monthly The Moditied Internal Rate of Return MIRR procedure is an alternative that can be used when your cash flow situation has multiple sign changes The procedure eliminates the sign change problem by utilizing reinvestment and borrowing rates
242. x variable These specity the two lists of data to be list name for y variable compared Also used for estimations store x and estimate y or vice versa CURR is the menu label for an unnamed current list CORR Calculates the correlation coefficient a number between 1 and 1 that measures how closely the x y data points match the calculated curve o K Calculates M For the linear model this is the slope E Calculates B For the linear model this is the y intercept MORE MODL Displays a choice of the four curve fitting models LIN LOG EXP and FHF H MH Calculates the weighted mean of the x values using the weights in the y list G SD Calculates the standard deviation of a set of xvalues grouped by frequencies specified in the y list SIZE The number of items in either list l MORE EK Sum of items in xlist EY Sum of items in y list EHZ Sum of squares of items in xlist EYZ Sum of squares of items in y list EY Sum of products of items in x and y lists For the non linear models the calculation uses the transformed data values 132 10 Running Total and Statistics File name 17BlIl Plus Manual E PRINT 030709 Print data 2003 7 11 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 xvalue and vice versa Each SUM list holds the numbers data
243. y The Power Function Exponentiation The power function uses the y gt keys To Calculate Press Display 12 12 ENTER 3 f gt gt 1 728 668 12 3 cube root 12 3 lx gly 2 29 The Percent Function The key calculates percentages without using the x key Combined with or it adds or subtracts percentages To Calculate Press Display 27 of 200 200 27 54 0G 200 less 27 200 27 GE 146 5G 12 greater than 25 25 12 23 68 Compare these keystrokes in RPN and ALG modes D RPN Summary 265 File name 17BIl Plus Manual E PRINT 030709 Print data 2003 7 11 RPN Mode ALG Mode 27 of 200 200 27 200 27 200 less 27 200 27 l 200 gt 27 Calculations with STO and RCL The store STO and recall RCL operations work identically in ALG 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 When doing arithmetic in the display with values trom storage registers and variables remember to use RPN Compare these keystrokes in RPN and ALG modes RPN Mode ALG Mode Store 2 x 3 in 2 ENTER 3 2 AI x 3 J STO 5 register 5 5 Find PV 2 FIN TuM RCL FIH TuM RCL PY 2 PY 2 E Find PV less 2 FIN TMM RCL FIN TMM RCL PY 2 PY 2 Find PMT x N FIN TM RCL FIN TMM

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