HP 10bII+ Quick Start Manual
Contents
1. 34 Getting Started Table 1 37 Contact Information Country Region Contact Country Region Contact Chile 800 360 999 China 800 820 9669 hg Costa Rica 0 800 011 0524 Croatia www hp com support Curacao 001 800 872 2881 Czech Republic 296 335 612 800 711 2884 Cesk republikaik Denmark 82 33 28 44 Dominica 1 800 711 2884 Dominican 1 800 711 2884 Egypt www hp com support Republic El Salvador 800 6160 Equador 1999 119 800 711 2884 Andinatel 1 800 225 528 800 711 2884 Pacifitel Estonia www hp com support Finland Suomi 09 8171 0281 France 01 4993 9006 French Antilles 0 800 990 011 800 711 2884 French Guiana 0 800 990 011 Germany 069 9530 7103 800 711 2884 Deutschland Ghana www hp com support Greece 210 969 6421 E a a Grenada 800 711 2884 Guadelupe 0 800 990 011 800 711 2884 Guatemala 800 999 5105 Guyana 159 800 711 2884 Haiti 83 800 711 2884 Honduras 800 0 123 800 711 2884 Hong Kong 800 933011 Hungary www hp com support Bree aT Be ndia 800 114772 ndonesia 21 350 3408 reland 01 605 0356 taly Italia 02 754 19 782 jamaica 800 711 2884 apan 00531 86 0011 HAS azakhstan www hp com support atvia www hp com support ebanon www hp com support ithuania www hp com support Getting Started 35 Table 1 37 Contact Information Country Region Contact Country Region Contact Luxe2. 8 Replace the battery compartment lid 9 Press E 10 f the calculator does not turn on follow the procedures in the section titled Determining if the Calculator Requires Service in Appendix A of the HP 10bll Financial Calculator User s Guide Customer Care In addition to the one year hardware warranty your HP calculator also comes with one year of technical support If you need assistance with warranty please refer to the warranty infor mation on the product CD HP customer care can be reached by either email or telephone Before calling please locate the call center nearest you from the list provided Have your proof of purchase and calculator serial number ready when you call Telephone numbers are subject to change and local and national telephone rates may apply A complete list is available on the web at www hp com support Table 1 37 Contact Information Country Region Contact Country Region Contact Algeria www hp com support Anguila 1 800 711 2884 Antigua 1 800 711 2884 Argentina 0 800 555 5000 Aruba 800 8000 Austria Osterreich 01 360 277 1203 800 711 2884 Bahamas 1 800 711 2884 Barbados 1 800 711 2884 Belgique Francais 02 620 00 85 Belgium English 02 620 00 86 Bermuda 1 800 711 2884 Bolivia 800 100 193 Botswana www hp com support Brazil Brasil 0 800 709 7751 British Virgin 1 800 711 2884 Bulgaria www hp com support Islands Canada 800 HP INVENT Cayman Island 1 800 711 2884
3. Calculates the date and day past or future that is a given number of days from a given date Based on your current setting returned result is calculated using either 360 day or 365 day Actual Getting Started 21 Table 1 24 Keys used for dates and calendar functions Keys Description Calculates the number of days between two dates Returned result is always calculated based on the 365 day calendar Actual If the current date is February 28 2010 what is the date 52 days from now Cal culate the date using the 365 day calendar actual and the M DY settings NEA 360 Act EAN D MY M DY If 360 is displayed press Em If D MY is displayed press ner Table 1 25 Calculating the date Keys Display Description 2 1 2 8 2 o 1 0 2 28 Inputs the date in Pees ee N the selected INPUT format 5 2 s 4 21 2010 3 Inputs the UL AU Jt number of days and calculates the date along with the day of the week For more information on date and calendar functions refer to chapter 9 Calendar Formats and Date Calculations in the HP 10bll Financial Calculator User s Guide 22 Getting Started Bonds Bond calculations primarily calculating bond price and yield are performed by MS PRICE NS YIM two keys and These keys permit you to input data or Acclnt return results Pressing L EN only calculates a result The other keys used in bo
4. 5 1 25 Inputs 1 25 into the isplay RCL n 25i 2 Es 5 ee 1 25 in register 5 3 00 Adds 3 to 1 25 in Basa register 15 stores the result in register 15 0 00 Clears the display L 15 4 25 Recalls register 15 rome Fi 3 For more information on number storage and storage register arithmetic refer to chapter 4 Number Storage and Storage Register Arithmetic in the HP 10bll Financial Calculator User s Guide Getting Started 9 Time Value of Money TVM Enter any four of the five values and solve for the fifth A negative sign in the display represents money paid out and money received is positive Table 1 11 Keys for TVM calculations Keys Description is di p EO Clears TVM memory and the current P Yr is displayed Number of payments d z ta Interest per year V Present value E PMT Payment V Future value MAR Begin or End mode PMT P YR E D E Number of payments per year mode If you borrow 14 000 PV for 360 months N at 10 interest YR what is the monthly repayment i7 MAR Set to End mode Press if BEGIN annunciator is displayed 10 Getting Started Table 1 12 Calculating the monthly payment Keys Display Description ET TVM CIR message Clears TVM memory flashes then and displays the current disappear
5. FITNESS FOR A PARTICULAR PURPOSE IS LIMITED TO THE DURATION OF THE EXPRESS WARRANTY SET FORTH IN THE SUBSEQUENT PARAGRAPHS OF THIS SECTION Some countries states or provinces do not allow limitations on the duration of an implied warranty so the above limi tation or exclusion might not apply to you This warranty gives you specific legal rights and you might also have other rights that vary from country to country state to state or province to province 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 SPE CIAL INCIDENTAL CONSEQUENTIAL INCLUDING LOST PROFIT OR DATA OR OTHER DAM AGE 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 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 Notwithstanding the above disclaimers HP expressly 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
6. MY M DY to select M DY format Semi Ann to select the semiannual coupon Keys Display Description Z BOND CIR message Clears bond flashes then memory disappears 4 E J 2 8 2 Lo T o 4 28 2010 3 Inputs the o Ue pa et settlement date mm ddyyyy format 24 Getting Started Table 1 27 Bond calculation Keys Display Description 6 e 4 2 0 2 0 6 4 2020 4 Inputs the l AE E ust maturity date MatDate CPN y HEBES mee ii CALL RH o o 100 00 Inputs call value Optional as default is 100 E NES YIM 4 75 Inputs Yield AHHA j RES 115 89 Calculates the price es 2 69 Displays the current value for accrued interest 118 59 Returns total price value of price value of accrued interest The net price for the bond is 118 59 For more information on bond calculations refer to chapter 10 Bonds in the HP 10bll Financial Calculator User s Guide Getting Started 25 Break even Table 1 28 Break even keys Keys Description ea C MEM E Clears breakeven memory H c z 5 In Stores the quantity of units required for a given profit or calculates it Stores the sales price per unit or calculates it Stores variable cost per unit for manufacturing or calculates it ma 2 lp p Stores the fixed cost t
7. PMT ER Number of periods per year default is 12 For annual cash flows P YR should be set to 1 for monthly cash flows use the default setting 12 Cash flows up to 45 J identifies the cash flow number When preceded by a number pressing LL enters a cash flow amount INPUT number LJ number2 LU Enter a cash flow amount followed by INPUT LJ Enter a number for the cash flow count followed by to enter cash flow amount and count simultaneously L JUL J Opens editor for reviewing editing xm entered cash flows Press L or E to scroll through the cash flows CF Number of consecutive times cash flow J occurs CST IRR YR Internal rate of return per year 18 Getting Started Net present value Table 1 21 Cash flows IRR NPV and NFV keys Keys Description Net future value If you have an initial cash outflow of 40 000 followed by monthly cash inflows of 4 700 7 000 7 000 and 23 000 what is the IRR YR What is the IRR per month Table 1 22 Calculating the IRR YR and IRR per month Keys Display Description RE 0 CFLO CLR Clears cash flow Eo message flashes then Memory disappears 1 2 ra 12 00 Sets payments per DE ss 4 9 9 9 0 40 000 00 Enters initial y CF O flashes then outflow disappears 4 7 L9 9 4 700 00 Enters first cash m ET CF 1 flashes then f
8. 13 Depreciation rie ee ER He ER mas 15 Interest Rate Conversion 17 Cash Flows IRR YR NPV and NFV 18 Date and Calendas sdb nai CISSA CURAS ad 21 DCG E b eie utar 23 A a E vate WEE Redi RR 26 Statistical Calculations drop reir to PU a 27 PRODI Ty cessione ai 30 Trigonometric Functions sseeeeeemm 32 Replacing the Batteries eee 33 Customer ate oie 34 Product Regulatory and Environmental Information 37 HP Limited Hardware Warranty and Customer Care 38 Limited Hardware Warranty Period 38 General Terms 38 EXC O 39 Getting Started This guide is intended to get you started with your new 10bll financial calcula tor It includes basic information about the many features available on the 10ll along with example problems If you require more information about the con cepts presented here refer to the HP 10bll Financial Calculator User s Guide on the CD included in the package along with your calculator For more information about HP calculators please refer to the training materials available at www hp com calculators Power On and Off ON To turn on your HP 10bll press To turn the calculator off press the orange ON shift key then To change the brightness of the display hold down ON and then simultaneously press or E Since the calculator has continuous memory turning it off does not affect the information you have stored To
9. 88 36 Displays interest 13 836 22 Displays the balance ae amount For more information on amortization refer to the section titled Amortization in chapter 6 Time Value of Money Calculations in the HP 10bll Financial Calculator User s Guide 14 Getting Started Depreciation Table 1 17 Depreciation keys Keys Description 1 Clears TVM memory and displays the current P Yr Since E i ee a ae epreciation data is stored in the TVM memory this clears for depreciation also N Expected useful life of the asset YR Declining balance factor entered as a percentage PV Depreciable cost of the asset at acquisition EV Salvage value of the asset ea SL Straight line depreciation SOYD of the digi iati Sum of the years digits depreciation Declining Balance depreciation Getting Started 15 A metalworking machine purchased for 10 000 00 is to be depreciated over five years Its salvage value is estimated at 500 00 Using the straight line method find the depreciation and remaining depreciable value for each of the first two years of the machine s life Table 1 18 Calculating the depreciation Keys Display Description icm 1 TVM CIR message Clears TVM memory E EE flashes then disappears 1 fo fo fo o 10 000 00 Inputs cost of the item 5 o 0 500 00 Inputs the salvage SS ed value of the item 5 EN 5 00 Inpu
10. Calendar and coupon price and markup days IRR per year NPV payment schedules beginning end of settlement and maturity payment period dates bonds 4 Memory register Swap percent change Breakeven percent cash flow entry cash flow count delete statistics entry statistics round backspace 5 Change sign recall and Scientific notation Depreciation hyperbolic memory exponent store clear and inverse functions statistics parentheses 6 SHIFT Up blue SHIFT Down orange 7 Numbered keys 1 and Statistical functions and Statistical functions and 4 9 estimation regression modes 8 Clear Clear all Clear selected memory 9 On Off Operating mode 10 Numbered keys O and Common mathematical Z and T probability and 2 3 decimal functions combination permutation functions n Mathematical functions Common mathematical Trigonometric functions functions parentheses 12 Annunciators Table of Contents LEgal Notice sismos piada ii Keyboard Legend quiis ott ee ti eco Pus RELAY OVI dg iii Power Omand OH ME NEC 1 Basics of Key Functions usa ec uei d ee tee ei ee ene 1 O d ee Aenea CIN NR ASIA 2 Boxed Key Functions assento pura ate ADV ess oca aaa div 4 fel cole jo o ASP ireen ROSI RAD RR UNE RD RR 5 Memory Keys x ss otc i eb epe beste e iu da doada do 7 Time Value of Money TVM ssssseee 10 TMN Tre EC cannot qro a sii Play spa iq gi p IP UA p dE 11 AmortizaliOrn c tette ere v Ene eg oae cons Ee LH Rees need
11. Figure 1 Getting Started Shifted Function F3 ON Primary RAND Function uE DISP Shifted Function E Figure 1 EE When you press or ER a shift annunciator E or Ei is displayed to indicate that the shifted functions are active For example press L followed Do by LX J to qu a number in the display by itself To turn the shift annuncia tors off simply press or again In this guide key symbols are used to indicate the key presses used in the exam ple problems These symbols vary in appearance according to whether they indi cate the primary secondary or tertiary functions reguired for the problem For example the functions associated with the equals key E are illustrated in the text as follows primary function equals secondary function NAT bose in ertia unction rando Getting Started 3 4 Boxed Key Functions There are three shifted key functions on the calculator that are used to change the operation of another key s function These three tertiary functions CJ Lc LJ and JE are bound by blue boxes to show that they oper ate differently These special functions require subsequent key presses to operate For example the functions associated with the clear key include Table 12 Clearing functions Keys Associated Function Clear display Clear all memory 7 Clears bond memory 4 Clears break even memory 1 Clears TYM mem
12. HP 1Obll Financial Calculator Quick Start Guide Q HP Part Number NW239 90201 Edition 1 April 2010 Legal Notice 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 non infringement and fitness for a particular pur pose In this regard HP shall not be liable for technical or editorial errors or omissions contained in the manual Hewlett Packard Company 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 O 2010 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 Hewlett Packard Company Palo Alto CA 94304 USA Keyboard Legend HP 10bll Financial Calculator Number Primary Functions white 12 digit 7 segment LCD display SHIFT Down L__J a SHIFT Up orange fu functions on blue funcions above ey bevel keys 2 Time Value of Money Amortization payments Bonds TVM per year Interest conversion 3 Input key margin cost Date and number of
13. M register memory location Recalls a value from the M register EJ Adds a value to the number stored in the M register m7 ur 0 When followed by a number key E to E or E and Fo 9 s r CJ to C stores a number in the display into a numbered data storage register There are 20 storage registers RCL O designated 0 19 Press followed by through EX to access registers 10 19 RCL o 9 L When followed by a number key E to E or E and Fo 9 CJ to C recalls a number from a storage register Press E EJ followed by E through 2 to access registers 10 19 Getting Started 7 8 Multiply 17 22 and 25 by 7 storing x 7 as a constant operation Table 1 8 Storing x 7 as a constant Keys Display Description a 3 E 119 00 Multiplies 17 x 7 2 2 E 154 00 Multiplies 22 x 7 2 5 s 175 00 Multiplies 25 x 7 Store 519 in register 2 then recall it Table 1 9 Storing and recalling Keys Display Description RCL 1 1 24 LL EA 2 519 00 ne 519 in register 0 00 Clears display C 2 519 00 Recalls register 2 C Getting Started Store 1 25 into register 15 then add 3 and store the result in register 15 Table 1 10 Storage register arithmetic Keys Display Description TI E32
14. conserve energy the calculator turns itself off after five minutes of inactivity The calculator uses two CR2032 coin batteries If you see the low battery symbol c__ in the display replace the batteries See the section below titled Replacing the Batteries for more information Basics of Key Functions Table 1 1 Basics of key functions Keys Display Description 0 00 Turns calculator on LJ RE 0 00 blue Displays shift annunciator E Getting Started 2 Table 1 1 Basics of key functions Keys Display Description 0 00 orange Displays shift annunciator E 1 21 3 2 Erases last character CAGI EAZ C 0 00 Clears display STAT CLR message flashes then Clears statistics disappears memory c ma 12P Yr message flashes then Clears all memory disappears ea 7 BOND CIR message flashes Clears bond memory then disappears Es 4 BR EV CLR message flashes then Clears break even p disappears memory ea 1 TVM CLR message flashes then Clears tvm memory disappears ea 0 CFLO CLR message flashes then Clears cash flow disappears memory a Turns calculator off Shift Keys Most keys on the HP 10bll have three functions a primary function printed in white on the key a secondary function printed in orange on the bevel of the key a tertiary function printed in blue above the key on the keyboard see
15. ctions refer to chapter 2 Getting Started in the HP 10bll Financial Calculator User s Guide Replacing the Batteries Warning There is a danger of explosion if batteries are incorrectly replaced Replace only with the same type of battery or with equivalent batteries as recom mended by the manufacturer Dispose of used batteries according to the manu facturer s instructions The calculator is powered by two 3 volt CR2032 coin batteries When changing batteries use only fresh coin cell batteries Do not use rechargeable batteries Do not mutilate puncture or dispose of batteries in fire The batteries can burst or explode releasing hazardous chemicals Do not use new and old batteries together and do not mix batteries of different types Have two fresh CR2032 batteries at hand Only touch the batteries by their edges Wipe each battery with a lint free cloth to remove dirt and oil Make sure the calculator is off When changing the batteries change the batteries one at a time to avoid clearing the memory As a back up write down any data that you have stored and might need for later use Turn the calculator over and pry off the battery cover Gently remove one battery Getting Started 33 5 Insert the new battery making sure that the positive sign 4 battery is facing outward 6 Gently remove the other battery 7 Insert the other new battery making sure that the positive sign battery is facing outward
16. decimal 69146 Calculates the cumulative probability of the Zvalue Y la H az f oE 94146 Adds 25 Lu AL ut ES ZP 1 56717 Calculates the Zvalue m 3 E from the cumulative probability For more information on probability refer to the section titled Probability in chapter 12 Statistical Calculations in the HP 10bll Financial Calculator User s Guide Getting Started 3l Trigonometric Functions Table 1 34 Trigonometry keys Keys SIN COS 5 E EX or TAN Description Calculates sine cosine or tangent ENA E e SIN COS TAN E or ES Calculates inverse sine cosine or tangent mnm E SIN COS TAN A or Calculates hyperbolic sine cosine or tangent ZA SIN COS TAN E or ES Calculates inverse hyperbolic sine cosine or tangent NES Rad Deg Toggles between radians and degrees modes Default is degrees ESA Rad Deg Find Sin 0 62 in degrees If RAD is displayed press CE Table 1 35 Trigonometry example Keys Display Description L 61 2 62 Enters value of sine Cete ES for 0 A SIN f PES 38 32 Calculates 0 32 Getting Started Convert the results to radians using PI Table 1 36 Converting to radians Keys Display Description 6 67 C t SB SHA EDU ES MA egrees to radians For more information on trigonometric fun
17. etting Started 39
18. go 1 800 711 2884 ne unisia www hp com support urkey www hp com support rkiye urks amp Caicos 01 800 711 2884 UAE www hp com support United Kingdom 0207 458 0161 Uruguay 0004 054 177 US Virgin Islands 1 800 711 2884 United States 800 HP INVENT Venezuela 0 800 474 68368 Vietnam 65 6272 5300 0 800 HP INVENT Vi t Nam Zambia www hp com support Product Regulatory and Environmental Information For product regulatory and environmental information refer to the product CD Also consult Appendix A Replacing the Batteries and Answers to Common Questions in the HP 10bll Financial Calculator User s Guide Getting Started 37 HP Limited Hardware Warranty and Customer Care This HP Limited Warranty gives you the end user customer express limited warranty rights from HP the manvfacturer Please refer to HP s Web site for an extensive description of your limited warranty entitlements In addition you may also have other legal rights under appli cable local law or special written agreement with HP Limited Hardware Warranty Period Duration 12 months total may vary by region please visit www hp com support for latest information General Terms EXCEPT FOR THE WARRANTIES SPECIFICALLY PROVIDED FOR IN SUBSEQUENT PARA GRAPHS OF THIS SECTION 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
19. iption Opens editor for reviewing editing statistical data 74 S gt LU Means of x and y x SWAP Mean of X weighted by y Also calculates b coefficient 8 K em a SWAP Sample standard deviations of x and y Rad ie Population standard deviations of x and y y data Estimate of x and correlation coefficient xdata Estimate of y slope and m coefficient EM REGR en Permits selection of six regression models or a best fit Default is linear Using the following data find the means of x and y the sample standard devia tions of x and y and the y intercept and the slope of the linear regression fore cast line Then use summation statistics to find xy X data y data 50 90 160 28 Getting Started Table 1 31 Statistics example Keys Display Description STAT CLR message Clears statistics flashes then memory disappears 2 INPUT 5 o 1 00 Enters first x y pair Es INPUT 2 9 2 00 Enters second x y pair 6 meun T 6 0 3 00 Enters third x y pair p 1 2 00 Reviews entered statistical data starting with the initial x value Press to scroll through and verify the entered statistical data Press LJ to exit is Displays mean of x 100 00 Displays mean of y Ts Displays sample standard deviation of X Getti
20. l Calculator User s Guide 12 Getting Started Amortization After calculating a payment using Time Value of Money TVM input the periods FV FV to amortize and press loa Press LJ loa once for periods 1 12 and once again for payments 13 24 and so on Press E to continually cycle through the principal interest and balance values indicated by the PRIN INT and BAL annunciators respectively Using the previous TVM example amortize a single payment and then a range of payments Amortize the 20 payment of the loan Table 1 15 Amortizing the 20th payment of the loan Keys Display Description C2 0 Neur 20 00 Enters period to Im amortize zi 20 20 Displays period to E ses amortize 2 7 25 Displays principal 115 61 Displays interest Ds Money paid out is negative 13 865 83 Displays the balance mo amount Getting Started 13 Amortize the 1 through 24 loan payments Table 1 16 Amortization example Keys Display Description 1 112 2 Enters range of EDU JJ EJ periods to amortize 1 12 Disp ays range of periods payments 2 77 82 Displays principal 1 396 50 Displays interest Money paid out is negative 13 92218 Displays the balance Pu amount 13 24 Disp ays range of periods 85 96 Displays principal 1 3
21. low disappears Getting Started 19 Table 122 Calculating the IRR YR and IRR per month Keys Display Description 7 0 O 0 2 2 00 Enters both the cash CFn 2 flashes then flow amount disappears 7000 00 and count 2 00 simultaneously for second cash flow 21 3 O O 0 CE 23 000 00 Enters third cash CF 3 flashes then flow disappears Ee za O 40 000 00 Reviews entered cash flows starting with the initial cash flow Press to scroll through the cash flow list to verify the cash flow number the amounts and count for each entry Press ES es to exit 15 96 Calculates IRR YR 1 33 Calculates IRR per sua month 20 Getting Started What is the NPV and NFV if the discount rate is 1096 Table 123 Calculating NPV and NFV Keys Display Description LU fo Fae 10 00 Enters I YR 622 85 Calculates NPV 643 88 Calculates NFV For more information on cash flows refer to chapter 8 Cash Flow Calculations in the HP 10bll Financial Calculator User s Guide Date and Calendar Table 1 24 Keys used for dates and calendar functions Keys Description P Pd Enters dates in DD MMYYYY or MM DDYYYY formats M DY is the default Numbers at the far right of a calculated date indicate days of the week 1 is for Monday 7 is for Sunday Toggles between 360 and 365 day Actual calendars
22. mbourg 2730 2146 Malaysia 1800 88 8588 Martinica 0 800 990 011 Mauritius www hp com support 877 219 8671 Mexico 01 800 474 68368 Montenegro www hp com support M xico 800 HP INVENT Montserrat 1 800 711 2884 Morocco www hp com support Namibia www hp com support Netherlands 020 654 5301 Netherland Antilles 001 800 872 2881 New Zealand 0800 551 664 800 711 2884 Nicaragua 1 800 0164 Norway 23500027 800 711 2884 Norwegen Panama 001 800 711 2884 Paraguay 009 800 541 0006 Panama Peru 0 800 10111 Philippines 2 867 3351 Per Poland www hp com support Portugal 021 318 0093 Polska Puerto Rico 1 877 232 0589 Romania www hp com support Russia 495 228 3050 Saudi Arabia www hp com support Poccua Serbia www hp com support Singapore 6272 5300 Slovakia www hp com support South Africa 0800980410 South Korea 00798 862 0305 Spain 913753382 sta Espa a St Kitts amp Nevis 1 800 711 2884 St Lucia 1 800 478 4602 St Marteen 1 800 711 2884 St Vincent 01 800 711 2884 Suriname 156 800 711 2884 Swaziland www hp com support Sweden 08 5199 2065 Switzerland 022 827 8780 Sverige Switzerland 022 827 8780 Switzerland 01 439 5358 Suisse Francais 36 Getting Started Schweiz Deutsch Table 1 37 Contact Information Country Region Contact Country Region Contact Switzerland Svizzeera Italiano 022 567 5308 aiwan 00801 86 1047 hailand 2 353 9000 rinidad amp Toba
23. nd calculations only permit you to input the data required for the calcula tions Table 1 26 Bond calculation keys Keys Description C MEM Ea Z Clears bond memory a Acci Calculates accrued interest En YIM i ield i ield p Calculate or input yield 6 to maturity or yield to call date for given price PRICE ea Calculate or input price per 100 00 face value for a given yield Input coupon rate stored as an annual p Input call value Default is set for a call price per 100 00 face value A bond at maturity has a call value of 100 of its face value ES Toggle date format between day month year dd mmyyyy or month day year mm ddyyyy Default is mm ddyyyy a Toggle day count calendar between Actual 365 day calendar or 360 30 day month 360 day year calendar Getting Started 23 Table 1 26 Bond calculation keys Keys Description Toggle bond coupon payment between semiannual or annual payment schedules Default is annual Input settlement date Input maturity date or call date The call date must coincide with a coupon date What price should you pay on April 28 2010 for a 6 75 U S Treasury bond maturing on June 4 2020 if you want a yield of 4 75 Assume the bond is calculated on a semiannual coupon payment on an actual actual basis EE If SEMI is not displayed press payment EE If D MY is displayed press Table 1 27 Bond calculation D
24. ng Started 29 Table 1 31 Statistics example Keys E K SWAP Display Description 55 68 Displays sample standard deviation of y 10 00 Displays y intercept of regression line ma 27 50 Displays slope of regression line Yxy BM 1 420 00 Displays Y Xy sum of the products of x and y values For more information on statistical calculations refer to chapter 12 Statistical Calculations in the HP 10bll Financial Calculator User s Guide Probability Table 1 32 Probability keys Keys Description Calculates a cumulative normal probability given a Z value Calculates a Zvalue given a cumulative normal probability ea Calculates the cumulative Student s T probability given degrees of freedom and a T value ea Calculates a T value given degrees of freedom and the cumulative Student s T probability 30 Getting Started Table 1 32 Probability keys Keys Description ES _oPr Calculates number of permutations of n items taken r at co P a time nCr Calculates number of combinations of n items taken r at L JL a time 3 Calculates factorial of n where 253 lt n lt 253 LU Ho Enter 5 as a Zvalue and calculate the cumulative probability of the Zvalue and the Zvalue from a given cumulative probability Table 1 33 Calculating the probability Keys Display Description 0 00000 Sets number display to five digits to the right of the
25. o develop and market or calculates it m z O m 3 Stores the expected profit or calculates it B BIB li The sale price of an item is 300 00 the cost 250 00 and fixed cost 150 000 00 For a profit of 10 000 00 how many units would have to be sold Table 1 29 Calculating break even Keys Display Description ES BR EV CLR Clears break message flashes even memory then disappears FC 5 O O O O 150 000 00 ee fixed 26 Getting Started Table 1 29 Calculating breakeven Keys Display Description 2 5 0 ER ve 250 00 Inputs variable uma RR Md S i E E cost per unit 3 o o Ex 300 00 Inputs price PROFIT i 1 fo e fo o 10 000 00 Inputs profit ES 3 200 00 Calculates the current value for the unknown item UNITS For more information on break even calculations refer to chapter 11 Break even in the HP 10bll Financial Calculator User s Guide Statistical Calculations Table 1 30 Statistics keys Keys Description E E ma Clear statistical registers gt Enter one variable statistical data x data Ej E Delete one variable statistical data X data a INPUT Enter two variable statistical data x data EE y data Delete two variable statistical data INPUT z x data en y data Getting Started 27 Table 1 30 Statistics keys Keys RCL Descr
26. of purchase for the period specified above 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 HP also expressly warrants to you that HP software will not fail to exe cute its programming instructions after the date of purchase for the period specified above 38 Getting Started due to defects in material and 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 Exclusions 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 with proof of purchase HP products may contain remanufactured parts equivalent to new in performance or may have been subject to incidental use 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 site preparation or maintenance G
27. ory Clears cash flow memory d B BB tr fg le le le O PEL HE PEPE EL Es Es Es E E For more information on the calculator s keys and basic functions refer to chapter 2 Getting Started in the HP 10bll Financial Calculator User s Guide Getting Started Percentages Table 1 3 Keys for percentage calculations Keys Description Percent Percent change 3r Cost PRC Price MAR Margin pu Markup Add 1596 to 17 50 Table 1 4 Calculating the price Keys Display Description 1 7 5 0 17 50 Enters number RE ES El 20 13 Adds 15 Getting Started 5 Find the margin if the cost is 15 00 and selling price is 22 00 Table 1 5 Finding the margin Keys Display Description 1 5 15 00 Enters cost 2 2 PRC 22 00 Enters price MAR 31 82 Calculates margin If the cost is 20 00 and the markup is 33 what is the selling price Table 1 6 Calculating the price Keys Display Description 2 0 20 00 Enters cost EE 37 33 00 Enters markup PRC 26 60 Calculates price For more information on percentages refer to chapter 3 Business Percentages in the HP 10bll Financial Calculator User s Guide 6 Getting Started Memory Keys Table 17 Memory keys Keys Description Stores a constant operation Stores a valve in the
28. s P_Yr 1 2 12 00 Sets payments per year 60 00 Ent f KE t6 0 ES 360 nters number o payments TI 0 mu 10 00 Enters interest per year wwz L 1 4 0 0 0 14 000 00 Enters present value t t l EJ 0 0 00 Enters future valve Ea s PMT 122 86 Calculates payment if paid at end of period TVM What if It is not necessary to reenter TVM values for each example Using the values you just entered how much can you borrow if you want a payment of 100 00 Table 1 13 Calculating a new payment Keys Display Description o o 100 00 Ent t LL 0 97 nters new paymen amount Money paid out is negative Getting Started n Table 1 13 Calculating a new payment Keys Display Description 11 395 08 Calculates amount L you can borrow how much can you borrow at a 9 5 interest rate Table 1 14 Calculating a new interest rate Keys Display Description 91 105 9 50 Enters new interest EJES ED E rate 11 892 67 Calculates new O J present value for 100 00 payment and 9 5 interest 1 0 AR 10 00 Reenters original t LU interest rate 1 4 O 0 0 14 000 00 Reenters original present value PMT 122 86 Calculates original payment For more information on TVM concepts and problems refer to chapter 5 Picturing Financial Problems and chapter 6 Time Value of Money Calculations in the HP 10bll Financia
29. ts the useful life of d ES the asset T SL 1 900 00 Depreciation of the m s asset in year one K 24 7 600 00 Remaining depreciable value after year one 2188 rh 1 900 00 Depreciation of the EE BA asset in year two 5 700 00 Remaining depreciable value after year two For more information on depreciation refer to chapter 7 Depreciation in the HP 10bll Financial Calculator User s Guide 16 Getting Started Interest Rate Conversion To convert between nominal and effective interest rates enter the known rate and the number of periods per year then solve for the unknown rate Table 1 19 Keys for interest rate conversion Keys Description Nominal interest percent ER Effective interest percent o Periods per year Find the annual effective interest rate of 10 nominal interest compounded monthly Table 120 Calculating the interest rate Keys Display Description VYR RR 0 10 00 Enters nominal rate BH 2 12 00 Pa payments per PV 10 47 Calculates annual effective interest For more information on interest rate conversions refer to the section titled Interest Rate Conversions in chapter 6 Time Value of Money Calculations in the HP 10bll Financial Calculator User s Guide Getting Started 17 Cash Flows IRR YR NPV and NFV Table 1 21 Cash flows IRR NPV and NFV keys Keys E Description Clears cash flow memory zy
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