HP 20b Business Consultant
Contents
1. Keys Display Description Cm 7 Fixed Ta Opens the Break even menu aa starting with the current value for fixed costs CCCo Fixed an a Inputs the current value for fixed oora em costs as 150 000 00 Cost a Displays the current vale for Cost uuu 2JC5 Co Jos SD Inputs the current value for cost as 250 00 Price Displays the current value for Price 5 Co Co JL Sunes Ma Inputs the current value for price as 300 00 CJ Profit a Displays the current value for Profit Profit Tal Inputs the current value for profit as uuu 0 82 Break even Table 9 1 Break even Example Keys Display Description Ee Quantity Displays the current value for Quantity Quantity Calculates the current value for the 300086 unknown item 3000 units would have to be sold to return a 0 profit 83 10 Warranty Regulatory and Contact Information Replacing the Batteries Use only fresh batteries Do not use rechargeable batteries EURO takes two 3 volt CR 2032 lithium batteries To install a new battery With the calculator turned off slide the back cover off Remove the old batteries po DX ck Insert new batteries with the positive polarity symbol facing outward 4 Replace the back cover Warning There is danger of explosion if the battery is incorrectly replaced Replace only with the same or equivalent type recommended by the ma2. you will be redirected to the cash flow menu to enter values into the cash flow list The menu maps for the IRR and NPV menus are shown in Figure 5 2 Table 5 3 describes the items within these menus 57 NPV Inv 1 DWN Net IRR Uu lt D DWN Net FV DWN Net US DWN DWN Payback DWN Discounted Payback DWN Figure 5 2 The Menu Map for the NPV and IRR Menus 58 Cash Flows Cash Flows Table 5 3 NPV and IRR Menu Items Item Description Inv 1 Investment or discount rate Enter the investment rate or discount rate for the cash flow followed by ve Net PV Net present value Returns the value of the cash flows at the time of the initial cash flow discounting the future cash flows by the value set for Inv 1 Net FV Net future value Returns the value of the cash flows at the time of the last cash flow discounting the earlier cash flows by the value set for Inv 1 NetUS Net uniform series The per period payment of a regular periodic cash flow of equivalent present value to the cash flow list Payback Payback The number of periods for the investment to return value Discounted Payback Discounted Payback The number of periods required for the investment to return value if the cash flows are discounted using the value set in nv 1 59 Cash Flows Table 5 3 NPV and IRR Menu Items Item Description Total The sum of all the cash f
3. 6421 Guatemala 1 800 999 5105 Honduras 800 711 2884 Hong Kong 852 2833 1111 Hungary www hp com support 92 Table 10 1 Contact Information Warranty Regulatory and Contact Information Country Region Contact India www hp com support india Indonesia 65 6100 6682 Ireland 01 605 0356 Italy 02 754 19 782 Japan 81 3 6666 9925 Korea www hp com support korea Malaysia 65 6100 6682 Mexico 01 800 474 68368 Middle East International www hp com support Netherlands 020 654 5301 New Zealand 0800 551 664 Nicaragua 1 800 711 2884 Norway 23500027 Panama 001 800 711 2884 93 Warranty Regulatory and Contact Information Table 10 1 Contact Information Country Region Contact Paraguay 009 800 541 0006 Peru 0 800 10111 Philippines 65 6100 6682 Poland www hp com support Portugal 021 318 0093 Puerto Rico 1 877 232 0589 Russia 495 228 3050 Singapore 6100 6682 South Africa 0800980410 South Korea 2 561 2700 Spain 913753382 Sweden 08 5199 2065 Switzerland French 022 827 8780 Switzerland German 01 439 5358 94 Warranty Regulatory and Contact Information Table 10 1 Contact Information ee Country Region Contact Switzerland Italian 022 567 5308 Taiwan 852 2805 2563 Thailand 65 6100 6682 Turkey www hp com support United Kingdom 0207 458 0161 Uruguay 0004 054 177 United States 800
4. Flow displays At this prompt press nen You will be asked to confirm your choice Either press to confirm and to return to the cash flow list or press to cancel Pressing once again after you cancel the reset command also returns you to the cash flow list Table 5 1 lists the keys used for cash flow problems Fora cash flow example see Table 5 2 Table 5 1 Cash Flow Keys Key Description Opens the cash flow list 51 Cash Flows Table 5 1 Cash Flow Keys Key Description Inputs current values to variables in the cash flow list as well as the Net Present Value NP V and Internal Rate of Return IRR menus CJCz Scrolls up and down s Inserts cash flows into a cash flow list DEL Removes cash flows from a cash flow list Opens internal rate of return IRR and Net Present Value NPV menus After an initial investment of 80 000 00 you expect returns over the next five years as follows cash flow 1 5 000 00 cash flow 2 4 500 00 cash flow 3 0 00 cash flow 4 4 000 00 cash flow 5 5 000 00 5 times cash flow 6 115 000 00 Given this information calculate the total of the cash flows and the internal rate of return IRR of the investment Calculate net present value NPV and net future value NFV assuming an annual investment interest rate of 10 5 See Figure 5 1 and Table 5 2 The example below is shown with RPN as the active operating mode 52 Table 5 2 Ca
5. For example suppose you wanted to add two numbers in RPN 1 and 2 Press C JC JC The result 5 00 is calculated and displayed immediately on the bottom line along with the symbol on the top line 23 Mathematical Calculations You do not need to enter parentheses to set the priority of your operations in RPN Key in numbers and operations inside the parentheses first followed by those outside of the parentheses If a problem has more than one set of parentheses start by working with the operations and numbers in the innermost parentheses and work out For example calculate 3 4 x 5 6 One way to calculate this problem is to key in the numbers and operations within the parentheses first followed by the operations outside of the parentheses See Table 2 2 below Table 2 2 Simple Arithmetic Calculations in RPN Mode Keys Display Description Ble FIG io Inputs the numbers and the operation in the first set of parentheses Intermediate results are displayed Note the and RPN annunciators C5 Cre JE JC E Inputs the numbers and the operation in the second set of parentheses Intermediate results are displayed Note the annunciator 24 Mathematical Calculations Table 2 2 Simple Arithmetic Calculations in RPN Mode Keys Display Description CJ Continues the operation with the 1100 displayed results Validates the final result
6. country state to state or province to province 85 Warranty Regulatory and Contact Information 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 The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services 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 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 HP customer care can be reached by either email or telephone Before calling please locate the call center nearest you from the list below Have your proof of purchase and ca
7. of the Iconv menu 40 Time Value of Money Table 4 1 Interest Conversion Menu Items Item Description Nom The stated annual interest rate compounded periodically such as 18 compounded monthly Eff The rate that compounded only once thatis annually would produce the same final value as the nominal rate PXR Payments or compounding periods per year Default is 12 Using the Iconv menu find the effective rate of a 36 5 nominal rate compounded daily See Figure 3 1 for help with navigating through the menu This example is calculated with RPN as the active operating mode See Table 4 2 Table 4 2 Interest Rate Conversion Example Dm UOE E OO Keys Display Description QE mme nnn Opens the Iconv menu starting with YUU the current value of the nominal percentage rate JEJEJ EE Inputs 36 5 as the current nominal sJ Cru percentage rate 41 Time Value of Money Table 4 2 Interest Rate Conversion Example Keys Display Description 4 TERRE Scrolls to payments per year P YR Default value is 12 PYR Ma LILJE 35500 Inputs 365 as the current value for the pon number of compounding periods or payments per year GJEJ rae Scrolls to the variable for the effective rate Eff Returns the effective rate A 36 5 nominal rate compounded daily equals an effective rate of 44 0396 TVM Keys and
8. the current depreciation amount after year 1 R Book Us Displays the current remaining 8 0008 book value after year 1 79 Table 8 3 Straight Line Depreciation Example Depreciation Key Display Description R DePreci Displays the current remaining 360000 depreciable value after year 1 E2 Year em Displays the current year of the depreciation C DePreciat Displays the current depreciation 1980008 amount after year 2 c R Book V Displays the current remaining 520000 book value after year 2 E2 F DePreci Displays the remaining depreciable nnnn IUUUU value after year 2 80 9 Break even Oe DW Figure 9 1 The Menu Map for the Break even Menu Quantity Press mmm to open the Break even menu Starting with Fixed input known data by entering a number and pressing input Scroll to the unknown variable by pressing or CJ repeatedly Press to calculate it To reset the Break even menu from anywhere in the menu press au With BrkE ven displayed press to resetthe menu or to cancel Press again to exit the menu The sale price of an item is 300 00 the variable cost price is 250 00 and the fixed costs are 150 000 00 How many units would have to be sold to break even profit 2096 This example is shown in Table 9 1 with RPN as the active operating mode 81 Table 9 1 Break even Example Break even
9. 40 000 00 for 360 months at 10 interest from a credit union Create an amortization schedule for the loan How much interest did you pay for the firstyear Whatis the balance of your loan after the first year See 47 Time Value of Money Table 4 6 The example below is shown with RPN as the active operating mode Table 4 6 Amortization Example Keys Display Description CJC ad ee Inputs current value of payments per year as 12 Cs Ce lad o Inputs 360 30 times 12 payments per year as the current value for the number of payments for the 30 year loan CIC L YR Inputs 10 as the current interest rate percentage per year WALL EDO Inputs the current present value of the CI eae loan at the time of the first payment JE BeN Inputs the current future value of the uvu loan as 0 zero balance PMT aa Returns the result for the monthly Ly n payment 48 Table 4 6 Amortization Example Time Value of Money Keys Display Description j ed 3 Displays the current period of CUu amortization in months Defaultis 12 CJ Start Displays the number of the starting payment in first period to amortize CJ rms S Displays the current balance remaining after the first year CJ a z Displays the current amount of principle i applied towards the loan for the first year CJ Interest 1395
10. 491 Displays the amount of interest paid on the loan for the first year The amount of your payments applied towards interest for the first year is about 14 000 00 CJ uU x Displays the first payment in the next 120U period to amortize the 2 year 49 5 Cash Flows CF 1 CF 8 5 000 00 0 00 5 000 00 CF 6 es EZ 4 4 500 00 4000 00 Y i 40 A o CF 0 80 000 00 Figure 5 1 Cash Flow Diagram A cash flow list is a set of numbered pairs CF n and ZCF n where n is the index of the cash flow list Each pair represents a single cash flow CF n represents the monetary value of the cash flow CF n is the number of consecutive occurrences of that cash flow By default ZCF n is equal to 1 as most cash flows occur only once However in cases where a cash flow is 50 Cash Flows repeated multiple times in a list using ZCF n instead of entering the cash flow value multiple times can save you time and memory space in the calculator To enter a cash flow list press to open the cash flow menu For each cash flow item enter the cash flow followed by ve then enter the number of occurrences followed by meur If a cash flow occurs once you do not need to type C Ler you can simply press ve as 1 is the default To reseta cash flow list to its default values with any cash flow displayed press au ie The number of cash flows in the list along with Cash
11. Beg Payments occur at the beginning of each compounding period Sets End mode End Payments occur at the end of each compounding period You borrow 140 000 00 from a credit union for 30 years 360 months at 6 5 annual interest compounded monthly What is your monthly payment to the credit union Note at the end of the 30 years you expect to have a zero balance FV 0 The example below in Table 4 4 is shown with RPN as the active operating mode Table 4 4 TVM Example Keys Display Description memg op E Inputs 12 as the current value for the CUU number of payments or compounding periods 44 Time Value of Money Table 4 4 TVM Example Keys Display Description 3 Je JLo 7000 Inputs 360 as the current value for the number of payments over 30 years 5 C 05 a Inputs 6 5 as the current value for the interest rate percentage per year CUCCe Ce 0000 Inputs the present value of the loan at oam the time of the first payment This value is positive itis money you receive CJE Inputs the future value of the loan or remaining balance as 0 amp 3 c3 PMT PMT Returns the monthly payment This 88490 result is negative itis money you pay out Amortization Refer to Figure 4 2 fora menu map of the Amortization menu Table 4 5 lists the keys and variables of the Amortization menu To open the menu press aver 45 Ti
12. Directives Low Voltage Directive 2006 95 EC EMC Directive 2004 108 EC Compliance with these directives implies conformity to applicable harmonized European standards European Norms which are listed on the EU Declaration of Conformity issued by Hewlett Packard for this product or product family This compliance is indicated by the following conformity marking placed on the i C C Exxxx This marking is valid for non Telecom products This marking is valid for EU non harmonized and EU harmonized Telecom products e g Telecom products Bluetooth Notified body number used only if applicable refer to the product label Hewlett Packard GmbH HG TRE Herrenberger Srasse 140 71034 Boeblingen Germany 89 Warranty Regulatory and Contact Information Japanese Notice CORB MAUBRESHRMSAEMABRS VCCI OWH CEOS PIA BAHEHRE CT LORRI KERETET 5 cc BEAWELTRETA CORBMIVTOT LEV a RRL T MASNSL BAMBCSRCTCEMHOET RRRMS tho CIEL REO d EU RE LICPSU Disposal of Waste Equipment by Users in Private Household in the European Union This symbol on the product or on its packaging indicates that this product must not be disposed of with your other household waste Instead it is your mmm responsibility to dispose of your waste equipment by handing it over to a designated collection point for the recycling of waste electrical and electronic equipment The separate collection and recycling of your waste equi
13. Entering Values For a list of keys used for TVM problems along with their descriptions see Table 4 3 To resetthe TVM variables to their default values with any TVM variable displayed press au With TVM displayed press wer Atthe TVM Reset prompt press or ower 42 Time Value of Money To input current data enter a number followed by the TVM key for the required item To calculate an unknown value enter all known values and press the key of the item you want solved Fora TVM example see Table 4 4 Table 4 3 TVM Keys Keys Description B Stores or calculates the number of payments or compounding periods N Multiplies a value by the number of payments per year and stores as N Stores or calculates the nominal annual interest rate as a percentage Stores or calculates the present value PV To a lender or borrower PV is the amount of a loan to an investor PV is the initial investment PV always occurs at the beginning of the first period PMT Stores or calculates the dollar amount of each periodic payment PMT Payments can occur at the beginning or end of each compounding period Stores or calculates the number of payments or compounding periods per year 43 Time Value of Money Table 4 3 TVM Keys Keys Description Stores or calculates the future value FV a final cash flow FV always occurs at the end of the last compounding period Beg Sets Begin mode
14. Figure 3 1 The Menu Map for the Data and Statistics Menus 34 Statistical Operations Statistics operations require the use of two secondary function keys mm and m ss See Figure 3 1 for assistance with navigating through the menus Press om to open the Data menu In this menu enter a list of x values for one variable statistics a list of pairs x w for weighted one variable statistics or a list of paired values x y for two variable statistics To enter data key ina number and press ve Press a 5 to analyze the data If you attempt to open the Statistics Stats menu before entering data you will be redirected to the Data menu When opened the menu displays 2 Vars Press repeatedly to scroll through the menu items two variable 2 Vars one variable 1 Var and one variable weighted 1 Weight Press CJ with an item displayed to open the first sub menu To return from the sub menu to the menu above it press J To resetthe Stats and Data menus press a 5 At the prompt Stats confirm your choice by pressing ve The first sub menu contains the following items Descriptions Predictions 2 Vars only and Sums Press or CJ repeatedly to scroll through the items With an item displayed press to open its sub menu Press or C repeatedly to view the results Note in one variable and one weight items there are no items for y Foran example using the Stats menu see Tables 3 1 and 3 2 The example
15. HP 20b Business Consultant Financial Calculator Quick Start Guide For free training visit www hp com go calctraining Uy invent HP part number F2219 90001 First edition January 2008 Legal Notices This manual and any examples contained herein are provided as is and are subject to change without notice Hewlett P ackard 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 purpose 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 2008 Hewlett P ackard Development Company L P Reproduction adaptation or translation of this manual is prohibited without prior written permission of Hewlett P ackard Company except as allowed under the copyright laws Hewlett Packard Company 16399 West Bernardo Drive MS 8 600 San Diego CA 92127 1899 USA Contents Legal Notices HP 20b Business Consultant 1 2 10 Basic Features Mathematical Calculations Statistical Operations Time Value of Money Cash Flows Business Problems Bonds Depreciation Break even Warranty Regulatory and Contact Information 20 34 40 50 62 68 74 81 84 HP 20b Business Consultant HP 20b Business Cons
16. HP INVENT Venezuela 0 800 474 68368 Vietnam 65 6100 6682 95
17. Maburit s Displays the current maturity date in mm ddyyy format DOO eure 7 2 JE 209 5 04 ee Inputs the current maturity date Note 4 in the display represents the day of the week CJ CPN Displays the current value for a CPN onom ER Inputs 6 75 as current value for CPN Call a Displays current call value Default 10006 is 100 Note if Call requires another value key in the number followed by ve J Held x m Displays the current value of Yield wA Yield X 77 5 Inputs 4 75 as the current value for xls Yield 72 Table 7 2 Bond Calculation Example Bonds Key Display Description CJ Price Displays the current value for 000 Price Price Calculates the current value for 11589 Price JL J Price Stores 115 89 in memory 1 11588 P Vind Displays the current value for accrued interest a 75 2 Accrued Stores 2 69 in memory 2 269 Returns the result for total price 11858 value of price value of accrued interest The net price you should pay for the bond is 118 58 8 Depreciation INPUTM SOYD HNPUn INPUT INPUTM ACRS INPUT DWN DWN D DWN DWN DWN WN DecBal DBXover Sline Items SOYD Items ACRS Items SL Fr Items Figure 8 1 The Menu Map for the Depreciation Menu Press m e to open the Depreciation menu Press to cycle through the depreciation met
18. Mode Keys Display Description np Sets operational priority inputs Lu C9EC3JGJCGJCGJ numbers and multiplies 2 and 3 5 Adds 1 to 6 and returns 7 00 on the bottom line as the final J amp c3 result Algebraic Mode To setthe calculator in Algebraic mode refer to the section titled The Mode Menu Setting Preferences In Algebraic mode multiplication and division have a higher priority than addition and subtraction For example in Algebraic mode pressing 2 J 2 C Js returns a resultof 7 00 In Chain mode the same key presses retum a result of 9 00 In Algebraic mode operations have the following priority 22 Mathematical Calculations e First priority the power function y X e Second priority combinations and permutations e Third priority multiplication and division e Fourth priority addition and subtraction For example key in 1 2 x 5 nPr2 2 in Algebraic mode by pressing CJC ILZICIC ed C7 C2 Je C C5 The result is 241 Reverse Polish Notation RPN Mode To setthe calculator in RP N mode refer to the section titled The Mode Menu Setting Preferences In RPN mode numbers are entered first separated by pressing ve J followed by an operation key Note pressing is optional after entering a number if the next key pressed is an operation Each time you press an operation or function key the answer is calculated immediately and displayed
19. and no operations are pending the bottom line of the screen displays 0 This state of the calculator is referred to as the default calculator screen The Mode Menu Setting Preferences The Mode menu allows you to customize the calculator To access the Mode menu press om Press CJ or CJ repeatedly to scroll through the menu starting with FIX 2 the number of digits displayed to the right of the decimal point Once an item is displayed press to cycle through the other options for that setting To exit the Mode menu press ower Table 1 1 below lists the items in the Mode menu Basic Features Table 1 1 Mode Menu Settings Setting Display Description FIX 2 The current number of digits displayed to the right of the decimal point Defaultis 2 Key in the number of digits you want and press ve J or press until the number of digits you want is displayed Degree or The current angular mode in degrees or radians Radian Default is Degree Pressing toggles between these options Date The current format for dates entered into menus mm dd yyyy mm dd yyyy Or dd mm yyyy December 3 2010 is entered as 12 032010 in or mm dd yyyy format or 3 122010 in dd mm yyyy format Note dd mm yyyy the in both formats separating the first and second groups Default is mm dd yyyy format Pressing toggles between these options 1 23 or 1 23 The current decimal separator as a decimal point or comma Default is decimal point 1 23 Pre
20. ange the current value of CF 7 in the example in Table 5 2 from 0 to 200 with CF 7 displayed press 2 C9 C9 and press men You can also modify the frequency of a cash flow in the same manner with the frequency ZCF n displayed Pressing a with a cash flow displayed erases the displayed cash flow Pressing ls inserts a cash flow into the list before the displayed cash flow 61 6 Business Problems n Change INPUT INPUT INPUT INPUT o DWN DWN DWN DWN DWN m DWN Mkup P Di Part Tot D Mkup C i Cost Cost Total DWN DWN Nb Per Mkup C Mkup Part Tot Figure 6 1 The Menu Map for the Percent Calculation calc Menu Press a 4 to open the menu There are four items in this menu markup as a percentage of cost Mkup C markup as a percentage of price Mkup P percent change 96 Change and part as a percentage of total Part Tot These items allow you to access sub menus Press CJ or CJ repeatedly to 62 Business Problems scroll to the item you require Press with a menu item displayed to access its sub menu To enter data in the sub menus select the appropriate menu item key in the number and press nen Press CJ or CJ to select the menu item you need solved and press to calculate it To return to the menu items from within a sub menu press ower Note for business problems using 20b margin is based on price markup is based on c
21. atedly scrolls through other settings in the menu The displayed settings are the active settings 11 Basic Features Table 1 2 Changing the Operating Mode Keys Display Description ON CE Exits the Mode menu and returns c2 c you to the default calculator screen Key Presses and the Shift 29 Key To activate a key press and release the desired key Most of the 20b s keys have two functions the primary function and the shifted or secondary function The primary function is printed on the top ofthe key The secondary function is printed on the bevel of the key To activate the secondary function of a key press and release mm followed by the key with the secondary function printed on the bevel Unlike the shift key on a typewriter or computer keyboard it is not necessary to press and hold mm while pressing another key In this manual commands with secondary key functions are represented by the shift key symbol followed by the key with the secondary function For example to activate sine press n Basic Features When ad is active the down arrow annunciator appears on screen indicating thatthe next key pressed will execute the secondary function of the key To cancel an accidental press of Lu simply press mm a second time Key commands for example problems are provided throughout the text and in tables Key symbols are placed in the order they are to be pressed from le
22. e 77 Depreciation Table 8 2 Depreciation Menu Items a Item Description Factor The declining balance factor as a percentage This is used for declining balance and declining balance crossover methods only aL 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 See Table 8 3 Table 8 3 Straight Line Depreciation Example Key Display Description a 7 SLine Opens the Depreciation menu starting with the straight line method CJ Life Displays the current value of the useful life 1 is the default value Life Inputs 5 as the current value for Uu the useful life 78 Depreciation Table 8 3 Straight Line Depreciation Example Key Display Description CJ Start Displays the current value of Start 1 is the default value Cost 2 Displays the current value for Costs CJL jC Co Cost Inputs the current value for cost as s re 1000000 10 000 00 E2 Salvage Displays the current value for ooo Salvage s Ce o Saase 7 Inputs the current value for salvage 90000 p g as 500 00 Year Dm Displays the current year of the depreciation 1 is the default value C DePreciak R Displays
23. e FCC requires the user to be notified that any changes or modifications made to this device that are not expressly approved by Hewlett Packard Company may void the user s authority to operate the equipment 87 Warranty Regulatory and Contact Information Declaration of Conformity for Products Marked with FCC Logo United States Only This device complies with Part 15 of the FCC Rules Operation is subject to the following two conditions 1 this device may not cause harmful interference and 2 this device must accept any interference received including interference that may cause undesired operation If you have questions about the product that are not related to this declaration write to Hewlett Packard Company P O Box 692000 Mail Stop 530113 Houston TX 77269 2000 For questions regarding this FCC declaration write to Hewlett Packard Company P O Box 692000 Mail Stop 510101 Houston TX 77269 2000 or call HP at 281 514 3333 To identify your product refer to the part series or model number located on the product Canadian Notice This Class B digital apparatus meets all requirements of the Canadian Interference Causing Equipment Regulations Avis Canadien Cet appareil num rique de la classe B respecte toutes les exigences du R glement sur le mat riel brovilleur du Canada 88 Warranty Regulatory and Contact Information European Union Regulatory Notice This product complies with the following EU
24. e and recall functions for these memories any time a number is displayed or when you wish to enter a number To store a number in a memory 1 Key in a number x 2 Press C 0 3 With STO displayed on the top line key in a number 0 9 to identify the number of the memory register where you wish to store x 31 Mathematical Calculations 4 To recall a number press ret With RCL displayed in the top line key in the number of the memory you used You can also perform operations to stored numbers For example press C5 fem 59 2 J to store 5 inmemory 2 To add 12 to the value of memory 2 press CLL Later on during a calculation you can press to recall memory 2 Note how the new current value is 17 5 12 CJEJCJ and are valid mathematical operations in the storage memories Recalling Stored Numbers In RPN typing CJ JC JG adds the value of memory 2 to 12 but it will not modify the stored value of memory 2 You can also use CJC and after ect In Algebraic and Chain modes press CIW Rounding Numbers The 20b performs all calculations internally with 15 digit precision and rounds to 12 digits when returning the results When displayed a number is rounded to the number of digits after the decimal point set by the FIX item in the Mode menu The default setting is two digits to the right of the decimal point For more information refer to the section titled The Mode Menu Setting P referenc
25. e current value of CF 3 as 0 Displays the current value 1 for the frequency of CF 3 CF uuu Inputs the current value of 1 for the frequency of CF 3 Displays the current value of CF 4 CFt4 00g ESET EB po Keys in 4000 as the current value of CF 4 CF 4 mn wu Inputs the current value of CF 4 as 4000 Displays the current value 1 for the frequency of CF 4 CF S uuu INPUT Inputs the current value of 1 for the frequency of CF 4 Displays the current value of CF 5 Hoo eS uuu Keys in 5000 as the current value of CF 5 55 Table 5 2 Cash Flow Example Cash Flows Keys Display Description CF S Assigns the current value of CF 5 as 5000 Displays the current value 1 for the frequency of CF 5 mula Keys in 5 as the current value for the frequency of CF 5 CP Inputs the current value of 5 for ez the frequency of CF 5 Displays the current value of CF 6 CJCJC6JCe Ce ni Keys in 115000 as the current 20UU s value of CF 6 CF 6 Inputs the current value of CF 6 as 115000 Displays the current value 1 for the frequency of CF 6 CF 7 uuu Inputs the current value of 1 for frequency of CF 6 Ends list Cash Flows Analyzing Cash Flows The various functions used to analyze cash flows are located in the NPV and IRR menus If you press or before entering cash flows
26. e for Old ooo Old BOr 000 Inputs 20 as the current value for Old CJ ew Displays the current value for ooo New 3 JUs Jive pid Inputs 35 as the current value for New CJ ZChanse Displays the current value for I Change Note the symbol ZChanse Calculates the current value for 1556 96Change 3 What is 30 of 80 Table 6 3 Part of Total Example Business Problems Keys Display Description a 4 Mhup xC Toum Opens the calc menu starting with Mkup C JCJ Park To 7 Scrolls to the Part Tot menu item Tobal Displays the current value for Total Cs Co JL Total Inputs 80 as the current value for Total CJ Park Scrolls to the current value of 858 Part 3 Co JL pact m Inputs 30 as the current value for Part CJ Part XTo a Scrolls to the current value for Part uuu 96 Tot Note the symbol 66 Business Problems Table 6 3 Part of Total Example Keys Display Description on XTo e Calculates the current value of Part Qu 96 Tot 30 is 37 50 of 80 67 7 Bonds Set Date Yield Figure 7 1 The Menu Map for the Bond Menu Before you enter the Bond menu be sure to check that the date formatis setin the format required for your problem The default setting is mm dd yyyy but it can be set for dd mm yyyy Bond day counts 360 365 and annual or semiannual coupon payme
27. e used you will be asked to confirm your choice At the prompt press to confirm or to cancel 17 Basic Features Accessing Menus and Menu Maps Many of the 20b s functions are located within menus To access a menu press the key or shift key combination for the menu in which you wish to work To exita menu press For example to access the Break even menu press au 2 Once opened you can scroll through the items in the menu by pressing CJCJ repeatedly When you arrive at the last item in a menu pressing CJ returns you to the first item Similarly pressing one time on the first menu item scrolls to the last item in the menu In this manual diagrams called Menu Maps are included at the beginning of each section to assist you in navigating through the menus used for that section For an example of a menu map see Figure 1 3 below Oe DW Figure 1 3 The Menu Map for the Break even Menu Quantity 18 Basic Features There are four types of menu items 1 Read write Read write menu items such as Price in the Break even menu shown above are easily recognizable because when they are selected both the NPUT and small annunciators are lit When lit these annunciators indicate that entering a number and pressing will store the entered number in the displayed menu item By pressing s outside of a mathematical operation you will then calculate the value for that item based on data entered el
28. eld Yield to maturity or yield to call date for given price Note Input Output Price Price per 100 00 face value for a given yield Note Input Output Accrued Interest accrued from the last coupon or payment date until the settlement date for a given yield Note Input Output Actual Cal 360 Actual 365 day calendar or Cal 360 30 day month 360 day year calendar Annual S emiannual Bond coupon payment frequency What price should you pay on April 28 2010 for a 6 7596 U S Treasury bond maturing on J une 4 2020 if you want a yield of 4 7596 Assume the bond is calculated on a semiannual coupon payment on an actual actual basis See 70 Bonds Table 7 2 The example below is shown with RPN as the active operating mode Table 7 2 Bond Calculation Example Key Display Description ov gets Opens the Bond menu starting with the current settlement date CJ Annual 7 Scrolls to bond coupon payment frequency Semi Anm Selects semiannual coupon payment as required by the example ED Sebblemer Inputs semiannual coupon io 2008 payment and returns to the current settlement date WO 2 JE 9 Sebblemer 4 e8 eit w Inputs the current settlement date in mm ddyyyy format Note 3 in the display represents the day of the week 71 Table 7 2 Bond Calculation Example Bonds Key Display Description Ea
29. es 32 Mathematical Calculations Note the F X setting only affects the display it does not affect the actual numbers Simple Percentages In Algebraic or Chain modes pressing divides a number by 100 For example pressing 2 5 returns 0 25 To find a percentage of a given number enter the number and multiply it by the desired percentage followed by to return the result For example to find 25 of 200 press G2 C9 Co C62 C65 C 8 to return a result of 50 To add or subtract a percentage of a number enter the first number followed by or CJ the percentage followed by Finish your calculation with s if desired For example to add 1096 to 50 press sJOo JIG C9 9C C9 to return a result of 55 In RPN mode the key calculates x percent of the number on level two of the Stack when x is the number on level one of the stack It does not modify the number on level two of the stack allowing you to perform an addition or a subtraction after pressing to add or subtract x from the number For example 2 C9 Co C C2 JJ returns 50 but 200 is still on level two of the stack and pressing C returns 150 or 200 25 with the annunciator displayed on the top line 33 3 Statistical Operations C3 INPUT Predictions 2 Vars Only X Population i Linear Y Population Pred X S E SamP X Pred Y S E SamP Y Slope Y Intercept Correlation Covariance x X W X n Y n
30. ftto right Annunciators Annunciators are symbols that appear in the display as messages or after certain keys or key combinations have been pressed Annunciators are special symbols indicating a specific status in the calculator Table 1 3 lists the annunciators Table 1 3 Annunciator Symbols Annunciator Symbol Status The shift key has been pressed When another key is pressed with this symbol displayed the secondary function printed on the bevel of the key is activated Big symbol When displayed with an item for example Price it indicates the value assigned to that variable 13 Basic Features Table 1 3 Annunciator Symbols Annunciator Symbol Small symbol Status Indicates an item for which the key is valid This symbol appears on the upper right of the display screen Battery power is low BEG Begin mode is activated STO Stores a number in memory RCL Recalls stored numbers RAD Radians setting is active RPN RPN mode is active 360 The 360 day calendar option is active INPUT Input mode is activated The Key The key is used to input values for variables and execute menu items 14 Basic Features The key is also used in Reverse Polish Notation RPN mode to enter a number on the stack or duplicate it The Key The key is used at the end of a mathematical operation to calculate the final result For example OJ IE re
31. guage To selecta language other than English for messages on the display 1 Press a J to access the Mode menu F X displays on the top line of the screen Basic Features 2 Press repeatedly until English displays on the screen 3 Press until the desired language is displayed The displayed language is the active setting 4 Press to return to the default calculator screen For more information on accessing menus and changing calculator settings refer to the section below titled Accessing Menus Adjusting the Display Contrast To adjust the brightness of the display press and hold while pressing the or C keys Each press of the or CJ keys slightly increases or decreases the brightness of the display Cursor When you enter a number the cursor blinks in the display and indicates you are in number entry mode Two Line Display There are two lines in the display screen as shown in Figure 1 1 gt LH Figure 1 1 Display Screen 7 Basic Features The top line of the screen displays operation status operator symbols annunciators and abbreviations of the registers variables and menus Throughout this manual this line is referred to as the top line In Figure 1 1 SIN and RPN on the far right are on the top line The bottom line displays numbers you have entered or results Throughout this manual this line is referred to as the bottom line When no operations have been entered
32. hods With a depreciation method displayed press CJ or CJ repeatedly to view the items of the sub menu To enter current data key in a number and press meur To reset the Depreciation menu press am With Depreciation displayed press to reset the menu or to cancel Press again to exit the menu 74 Depreciation Brief descriptions of the methods used to calculate depreciation are provided in Table 8 1 Table 8 2 describes the items found in the depreciation sub menus For an example calculating depreciation using the straight line method see Table 8 3 Table 8 1 Depreciation Methods Depreciation Description Method Sline Straight line is a method of calculating depreciation presuming an asset loses a certain percentage of its value annually at an amount evenly distributed throughout its useful life SOYD Sum of the years digits is an accelerated depreciation method based on the idea thatthe years of an asset s useful life are divided by the sum of the years counting backwards For example a five year useful life would be shown as 5 4 3 2 1 15 Press 4 15 then press to return a 27 depreciation for the first year In RPN press 4 ve 15 75 Depreciation Table 8 1 Depreciation Methods Depreciation Description Method DecBal Declining balance is an accelerated depreciation method that presumes an asset will lose the majority of its value duri
33. is shown with RPN as the active operating mode 35 Statistical Operations Sales for the last five months are represented by the pairs of values shown below with the month number as x and the sales values as y Enter these into the Data menu Using the Stats menu for Predictions predict sales for month seven Whatis the slope and y intercept of the linear regression line Whatis the sum of all the y values Table 3 1 Months and Sales Numbers Month Sales Values 1 150 2 165 3 160 4 175 5 170 Table 3 2 Statistics Example Keys e Display xa nnn uuu Description Opens Data menu starting with the current value for X 1 36 Statistical Operations Table 3 2 Statistics Example Keys Display Description Cr JG t2 LAGE Inputs current values for X 1 uuu Jl Jie and Y 1 Displays current value for X 2 Lm KES Inputs current values for X 2 uuu oera and Y 2 Displays current value for X 3 5 Crev JC xD HANE Inputs current values for X 3 uuu Ce JLo Jv and Y 3 Displays current value for X 4 Joe JC AC c Inputs current values for X 4 uuu e and Y 4 Displays current value for X 5 C5 Ce J 3 AU rim Inputs current values for X 5 nnn CII z and Y 5 Displays current value for X 6 ans 55 2 Vars 7 Opens Stats menu 37 Table 3 2 Statistics Example Statistica
34. l Operations Keys Display Description CJ DescriPit Opens Descriptive sub menu re JC JC E z Displays current value for y i U average Cee 5 7 L7 Linear Opens Predictions sub menu starting with Linear CJ pe NAE Scrolls to current value of Prediction X Pred X 27 Inputs current value for wu Prediction X month WEJ ae Nit cbt Calculates predicted Y value sales CJ co x Displays current value for slope CJ en Displays current value for y intercept 38 Statistical Operations Table 3 2 Statistics Example Keys Display Description CJ i Displays current value for Correlation Qa 5 L7 C Bonno ML Opens Sums sub menu Jb ES Displays current value for the sum of all y values Sigma Y 39 4 Time Value of Money The examples in the following sections are calculated with the Mode menu preferences in their default settings unless otherwise noted For more information about basic features and setting preferences see Chapter 1 Basic Features DWN DWN EFF DWN P YR Figure 4 1 The Menu Map for the Interest Conversion Menu Interest Conversion Menu To open the Interest Conversion menu Iconv press am ior To reset the variables to their default values from anywhere inside the menu press am With conv displayed press to reset or to cancel To exit the menu press once again See Figure 4 1 Table 4 1 describes the items
35. lculator 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 86 Warranty Regulatory and Contact Information Regulatory Information Federal Communications Commission Notice This equipment has been tested and found to comply 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 This equipment generates uses and can radiate radio frequency energy and if not installed and used in accordance with the instructions may cause harmful interference to radio communications However there is no guarantee that interference will not occur in a particular installation If this equipment does cause harmful interference to radio or television reception which can be determined by turning the equipment off and on the user is encouraged to try to correct the interference by one or more of the following measures Reorient or relocate the receiving antenna Increase the separation between the equipment and the receiver Connect the equipment into an outlet on a circuit different from that to which the receiver is connected Consult the dealer or an experienced radio or television technician for help Modifications Th
36. led The Mode Menu Setting Preferences 20 Mathematical Calculations To enter a number in the display press the digits successively A number can have up to 12 digits To change the sign of a number from positive to negative press 7 Use scientific notation to enter very large and very small numbers For example to enter the number 12345 12 in scientific notation first enter the mantissa 12345 then press or and enter the number representing the exponent 123 The exponent must have a value between 499 and 499 Chain Mode By default calculations are performed in Chain mode To change the calculating mode refer to the section titled The Mode Menu Setting Preferences Calculations in Chain mode are interpreted in the order in which they are entered For example enter the following numbers and operations as written from left to right OJEJ See Figure 2 1 Note how if you press an operator key JCIE after 5 the calculation is continued using the currently displayed value nn EIE Figure 2 1 Calculation in Chain Mode In Chain mode if you wish to override the leftto right order of entry use parentheses to prioritize operations 21 Mathematical Calculations For example to calculate 1 2 x 3 you may enter the problem as written from left to right with parentheses to prioritize the multiplication operation See Table 2 1 below Table 2 1 Simple Arithmetic Calculations in Chain
37. lows equivalent to NPV if Inv 1 is 0 v RR Internal rate of return This is the discount rate for the cash flow that returns a Net Present Value of 0 See Table 5 4 for an example of the NPV and IRR functions using the cash flow example in Table 5 2 Press and to open the menus At Inv key in a number followed by nen Scroll through the menus by pressing or CJ repeatedly The example below is shown with RPN as the active operating mode Table 5 4 NPV and IRR Example Keys Display Description Nev Inv Ix Opens NPV menu starting with current uuu value of nv 196 A Ine Ix Inputs 10 5 as current Inv 1 CJ pute Scrolls to current value for NPV 4 u 60 Cash Flows Table 5 4 NPV and IRR Example Keys Display Description CJ Net FU a 3849325 Scrolls to current value for NFV CJ Het US 235195 Scrolls to current value for Net US 7 Pasbsch 335 Scrolls to current value for Payback JC Total 1350088 Scrolls to current value of cash flow total uw Returns current value for IRR tou Editing Cash Flows In the cash flow list you can view and modify the current values of a specific cash flow or cash flows Press CJ or CJ repeatedly to scroll through the list To modify an entry type a new number and press with a cash flow displayed For example to ch
38. me Value of Money The Amortization menu calculations are based on values stored in the following TVM keys vw aJ Pt ana v To enter current data for the TVM keys enter a number followed by the key for the required item To reset the variables to their default values from anywhere in the menu press au f With TVM displayed press neur Atthe TVM Reset prompt press or ower For an amortization example see Table 4 6 DWN Figure 4 2 The Menu Map for the Amortization Menu Table 4 5 Amortization Menu Items Menu Item Key Description Opens the Amortization amrt menu starting with Nb Pers 46 Time Value of Money Table 4 5 Amortization Menu Items Menu Item Key Description Nb Per Number of periods to group together in the amortization calculation The default value is the number of payments per year defined by the key Start Period on which to start amortization Defaultis 1 If you want to amortize for the 2 year enter 13 the second year starts at the 13 payment Balance The loan balance at the end of the assigned amortized period Principle Amount of the loan payment applied to the principle at the end of the amortized period Interest Amount of the loan payment applied to the interest at the end of the amortized period Enter the values for the TVM keys from the example below Press followed by or CJ to view the amortization schedule You borrow 1
39. ng the first few years of its useful life DBXover Declining balance crossover is an accelerated depreciation method that presumes an asset will lose the majority of its value in the first few years of its useful life but that it will revert to a consistent depreciation during the latter part of its life which is then calculated using the straight line method ACRS Accelerated Cost Recovery System calculates the amount of tax deduction under U S Accelerated Cost Recovery System SIFr Straight line French This method of depreciation is similar to the Straight line method except an actual calendar date in mm dd format is entered in for Start to indicate when the asset was first placed into service 76 Depreciation Table 8 2 Depreciation Menu Items Item Description Life The expected useful life of the asset in whole years Start Start refers to the date or month in which the asset is first placed into service Depending on the type of depreciation this can be the month or the actual date in mm dd format Cost The depreciable cost of the asset at acquisition Salvage The salvage value of the asset at the end of its useful life Year Assigns the value of the year for which you want the depreciation Depreciation Depreciation calculation used for straight line SOYD and declining balance methods only R Book Value Remaining book value R Depreciable Value Remaining depreciable valu
40. nt schedules may be set from either the Mode menu or the Bond menu For more information on setting the preferences in the Mode Menu see the section titled The Mode Menu Setting Preferences To open the Bond menu press Bena 68 Bonds Press or Ea repeatedly to scroll through the items shown in Figure 7 1 To input current data with an item displayed key in a number and press meur Press or C repeatedly to scroll to an unknown item and press to calculate it To reset the values to their default values from anywhere in the Bond menu press am With Bond displayed press to reset the menu or to cancel Press again to exit the menu Table 7 1 lists the items in the Bond menu Foran example of calculating price and yield in the Bond menu see Table 7 2 Table 7 1 Bond Menu Variable Description Settlement Date Settlement date Displays the current settlement date in either mm ddyyyy or dd mmyyyy format Note input only Maturity Date Maturity date or call date The call date must coincide with a coupon date Displays the current maturity date in either mm ddyyyy or dd mmyyyy format Note Input only CPN Coupon rate stored as an annual Note Input only 69 Bonds Table 7 1 Bond Menu Variable Description Call 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 Note Input only Yi
41. nufacturer Dispose of used batteries according to the manufacturer s instructions Do not mutilate puncture or dispose of batteries in fire The batteries can burst or explode releasing hazardous chemicals HP Limited Hardware Warranty and Customer Care This HP Limited Warranty gives you the end user customer express limited warranty rights from HP the manufacturer 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 applicable 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 84 Warranty Regulatory and Contact Information 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 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 warrants to you that HP software will not fail to execute its programming instructions after the date of purchase for the period specified above due to defects in material and workmanship when properly installed and used If HP receives notice of such defec
42. of 77 1100 Note the absence ofthe annunciator One Number Functions and the Math Menu The key presses for the one number mathematical functions listed in Table 2 3 below apply to all modes Chain Algebraic and RPN To execute one number functions 1 Keyin a number x into the display 2 Press the key or key combination corresponding to the operation you wish to execute The results are displayed on the bottom line For example to calculate 6 press Coil A result of 2 45 is calculated immediately and displays on the bottom line The NS symbol appears on the top line 25 Mathematical Calculations Note before doing any trigonometric calculations in the Math menu check whether the angle mode is set for degrees Degrees or radians Radians You can change the setting if the active mode is not what your problem requires For more information on the Mode menu and calculator settings refer to the section titled The Mode Menu Setting Preferences Table 2 3 lists one number functions along with their corresponding keys Table 2 3 Shifted Function Mathematical Operations Keys Oe Description Keys in numbers with explicit powers of 10 r Calculates sine ee Calculates cosine mm CT Calculates tangent Natural log l eX Calculates natural exponent to the power of x e x2 Returns square of x MER Calculates square ro
43. ost To reset the menu items to their default values from anywhere in the calc menu press mmi With TVM displayed press or CJ to scroll until Calc displays and press meur Press to exit the menu See Tables 6 1 through 6 3 for examples of calculations in the calc menu The examples below are shown with RPN as the active operating mode 1 Find the markup on an item if the cost price is 15 00 and the selling price is 22 00 See Table 6 1 Table 6 1 Markup Example Keys Display Description m 4 Mku x0 p TS Opens the calc menu starting with Mkup C Displays the current value of Costs uuu nnn 63 Table 6 1 Markup Example Keys Display Cost 1508 Business Problems Description Inputs 15 as the current value for cost Ga Price nan uuu Scrolls to Price and displays the current value Price cent Inputs 22 as the current value for price Ea nan uuu MhuP zC Scrolls to Mkup C variable Note the symbol Displays the current value of markup E 2 4551 MhuP zC Returns result of 46 67 for markup Find the percent change between 20 and 35 with no compounding Table 6 2 Percent Change Example Keys Display Business Problems Description Mkup zC Opens the calc menu starting with Mkup C CJCJCJ xChanse Scrolls to 6 Change Old Displays the current valu
44. ot 26 Mathematical Calculations Table 2 3 Shifted Function Mathematical Operations Keys Description Ca 7 Executes the Random function Returns a random number in the range 0 x 1 m Calculates factorial of x where 0 lt x lt 253 LU y Returns y to the x power au Reciprocal au Rounds x internally to the number specified by the display format Default is two digits to the right of the decimal point The Math f vem Menu There are additional one number functions available in the Math menu To open the Math menu press a 7 See Figure 2 2 for the menu map of the Math menu 27 Mathematical Calculations n Figure 2 2 The Menu Map for the Math Menu 28 Mathematical Calculations Press CJ to scroll through the menu items starting with Trigonometry The Trigonometry Hyperbolic and Probability items have sub menus Press with an item displayed to access the functions within the sub menus Press to cancel the Math menu and return to current work Press Cea 7 to return to the top of the Math menu Using the Math menu calculate Sin 1 0 5 See Table 2 4 Table 2 4 Math Menu Example Keys Display Description CGJ Trisonome 7 Enters 0 5 and opens the Math mm menu starting with Trigonometry vw JC Rm Selects the Trigonometry menu item uu r c gt and scrolls to ASIN Note the value for Sin is calcula
45. pment at the time of disposal will help to conserve natural resources and ensure that it is recycled in a manner that protects human health and the environment For more information about where you can drop off your waste equipment for recycling please contact your local city office your household waste disposal service or the shop where you purchased the product Perchlorate Material special handling may apply This calculator s Memory Backup battery may contain perchlorate and may require special handling when recycled or disposed in California 90 Table 10 1 Contact Information Warranty Regulatory and Contact Information Country Region Africa English Contact www hp com support Africa French www hp com support Argentina 0 800 555 5000 Australia 1300 551 664 Austria 01 360 277 1203 Belgium French 02 620 00 85 Belgium English 02 620 00 86 Bolivia 800 100 193 Brasil 0 800 709 7751 Canada 800 HP INVENT Caribbean 1 800 711 2884 Chile 800 360 999 China 010 68002397 91 Warranty Regulatory and Contact Information Table 10 1 Contact Information se Country Region Contact Colombia 01 8000 51 4746 8368 Costa Rica 0 800 011 0524 Czech Republic 296 335 612 Denmark 82 33 28 44 Ecuador 800 711 2884 El Salvador 800 6160 Finland 09 8171 0281 France 01 4993 9006 Germany 069 9530 7103 Greece 210 969
46. sewhere in the menu Read only Read only items such as Internal Rate of Return RR in the IRR menu are display only they are calculated values computed internally by the calculator Write only Write only items such as investment interest rate nv I 6 in the Net Present Value NP V menu are similar to read write items in that the VPUT annunciator is lit when these items are selected indicating that entering a number and pressing stores that number in that menu item Special items Special items such as the Degree Radian option in the Mode menu the items of the Reset menu and the items of the Percent Calculation calc menu perform an action when is pressed Depending on the menu this action can be the selection of a sub menu in the calc menu changing a mode or setting in the Mode menu or erasing data with the Reset menu 19 2 Mathematical Calculations Mathematical Functions Mathematical functions are located e On keys such as JEJEJE etc e On shifted or secondary functions such as lt E e In the Math menu Ca Number Entry and Display Numbers are entered by pressing e Numbered keys 0 9 e The decimal point CJ e The key e The i keys To correct a number entry press Each press of erases the last digit or symbol you entered Change how numbers are displayed on screen with the options in the Mode menu For more information on calculator display settings see the section tit
47. sh Flow Example Cash Flows Keys Display Description CF CO Opens the cash flow list starting with the current value of the initial cash flow CF 0 s Co JLo Co Cra 7 Keys in 80000 as the value of JC mm the initial cash flow Note the sign of the cash outflow is negative CF Inputs the current value wu of 80000 for CF 0 Displays the current value 1 for the frequency of CF 0 Cra a Inputs the current value of 1 for the frequency of CF 0 Displays the current value of CF 1 5 C9JC9 C9 S 7 Keys in 5000 as the value of uuu CF 1 53 Cash Flows Table 5 2 Cash Flow Example Keys Display Description INPUT CF Inputs the current value of CF 1 ii wu as 5000 Displays the current value 1 for the frequency of CF 1 CF 2 Inputs the current value of 1 for uuu the frequency of CF 1 Displays current value of CF 2 parnm n Keys in 4500 as the current alue of CF 2 WCF 2 Inputs the current value of CF 2 wu as 4500 Displays the current value 1 for the frequency of CF 2 INPUT CFS a Inputs the current value of 1 for uuu frequency of CF 2 Displays the current value of CF 3 54 Table 5 2 Cash Flow Example Cash Flows Keys Display CF S mn uu Description Inputs th
48. ssing toggles between these options Basic Features Table 1 1 Mode Menu Settings Setting Display Description Decimal or The current thousands separator Decimal 1000 00 or Comma 1 000 00 Comma 1000 00 or 1 000 00 Default is decimal Pressing cycles through these options Chain The current operation mode Algebraic or Default is Chain REN Pressing cycles through these options English The current language option Fran ais Default is English Deu Pressing cycles through these options Espanol Actual or The current calendar options for bonds and date calculations Cal 360 Default is Actual Pressing toggles between these options Annual or The current bond type Semiannual Default is Annual Pressing toggles between these options 10 Basic Features Changing the Operating Mode After viewing the default settings suppose you want to change the operating mode from Chain to RPN See Table 1 2 Table 1 2 Changing the Operating Mode Keys Display Description au 4 FIX Opens the Mode menu starting nn DU with first setting option F X the number of digits displayed to the right of the decimal point CJC JC JCJ Chain Scrolls to the current setting for CJ the operating mode Chain Press five times RPH 7 Selects RPN as the active Press two times setting Note the RPN annunciator to the right or CJ Pressed repe
49. ted immediately and displayed C e Validates the result 3008 Note in the Math menu P does not perform calculations it overrides the current number by P You may start an operation use the Math menu to execute a 29 Mathematical Calculations function and continue calculating with your original operation without losing your work Two Number Functions Apart from CJE the three additional two number functions accessible on the keyboard are e YX nCr nPr Y X is the power function nCr stands for the number of combinations of elements r among n and nPr stands for the number of permutations of elements r among n nCr n r n r nPr n n r Perform calculations with these functions in the same way you would perform calculations with CJJ and CJ but press to access the secondary function key For example to calculate 15 3 f Press 1 J 5 2 Press Qaa 30 Mathematical Calculations 3 Press 3 2 The results are shown Figure 2 3 331500 Figure 2 3 In RPN mode key in the numbers first followed by nen then press the function key For example for the power function example above in RPN press Es Ev IC Jean Storing and Recalling Numbers EURO Ras ten calculation memories available for use during calculations These memories are numbered from 0 9 To store numbers press a 79 to recall them press re You can use the stor
50. to reset some or all of the menu items variables and registers to their default values To open the Reset menu press com f TVM displays on the top line Press CJ repeatedly to scroll to a specific item If you select the command to reset all values All you will be prompted to confirm your choice To reset press meur Atthe All Reset message press or to exit Pressing a while working within a particular menu takes you directly to the item of the Reset menu that allows you to resetthat menu Say for example you 16 Basic Features are working in the Bond menu and you wish to reset all your entries in the Bond menu From anywhere in the Bond menu press a Bond displays on screen Atthis prompt pressing resets the Bond menu and returns you to the last item you were working with in the Bond menu Notes about Special Menus The Mode Memory Math and Reset menus are special menus because when you exit them by pressing owed you return to the previous menu if any This feature allows you to work in two or more menus simultaneously without having to exit a menu and lose your work Memory The Cash Flow and Statistics menus share the same memory and are limited to a combined total of 50 memory slots Macros can record up to 120 keys Since entering data in menus can represent a significant amount of work when the reset commands for the macro cash flows statistics and delete all De A l functions ar
51. ts during the warranty period HP will replace software media which does not execute its programming instructions due to such defects 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 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 specific legal rights and you might also have other rights that vary from country to
52. turns a final result of 3 The 2 key also allows you to request a calculation for the value of an item This request only applies to items that can be calculated For example when you select the nominal interest rate Nom in the Interest Conversion Iconv menu pressing 2 outside of a mathematical operation calculates and displays the nominal interest rate based on the stored data in the other variables in the menu To open the Iconv menu press om e Nom displays on the top line and the current value assigned to the nominal interest rate is displayed on the bottom line At this screen press CJC to enter a new current value for the nominal rate Press Ea followed by to calculate the current value for the effective rate See Figure 1 2 EFF X os T ico Figure 1 2 15 Basic Features When an item for which the key is valid displays the small indicator is displayed on the top line at the right of the screen Do not confuse this small annunciator with the larger annunciator found to the right of a variable Editing Entries and Clearing The On CE Key Pressing one time cancels current number entries mathematical operations or a menu selection in that order Pressing repeatedly while performing multiple actions or operations or with multiple operations pending cancels one operation at a time from the latest to the earliest The Reset ogg Menu The Reset menu allows you
53. ultant 5 N CshFl YR IRR PV PMT NPV Bond CaA 15 14 13 12 11 10 Keyboard Map Legend HP 20b Business Consultant No Feature Chapter s No Feature Chapter s 1 Time Value of 4 16 Annunciator 1 Money keys display area 2 Cash Flows IRR 5 15 Amortization and 4 8 and NPV menus Depreciation menus 3 Data and Statistics 3 14 key and 2 6 menus Percent Calculation menu 4 Input 1 13 Store and Recall 1 5 Memory 1 12 Break even menu 9 6 Up Insert and 11 Backspace key 1 Down Delete keys and Reset menu 7 Shift key 1 10 Math Menu 2 8 On Off 1 9 Mathematical functions rows 1 Basic Features Welcome to the HP 20b Financial Calculator This guidebook is designed to get you started with your new 20b Financial Calculator If you require more detailed information about calculator operation and features please refer to the training materials available at www hp com go calctraining Turning the Calculator On and Off To turn on your calculator press pra To turn it off press G 7 Turning the calculator off does not erase any data you have stored The calculator automatically turns itself off after approximately five minutes to conserve energy If you see the low battery symbol lt 4 in the display replace the batteries See Chapter 10 Warranty and Contact Information for instructions on replacing the batteries Selecting a Language English is stored as the default lan
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