HP 10BII Financial Calculator

Product Information

It’s also common for people to get stuck with basic but confusing settings such as the payments per year setting. This is particularly useful when you are calculating multiple figures that then later need to be used in a final calculation. The clear all function will immediately clear out all of your prior work so you can start a new problem with a clean slate. In a survey of the PropertyMetrics audience the HP 10BII was the most popular financial calculator used, so for the purposes of this article we’ll be focusing on the HP 10BII. These financial calculators are not widely used in finance and commercial real estate and therefore are not recommended.

Two versions of the 10B were produced, the first version came with orange lettering around the keys and used an 1LU7 HP Saturn processor, the later model (in 2000) with teal-green labels. just calculate the natural log of your number, and then divide it by the natural log of the new base. All you have to do is use the ON Button to turn it on or the Gold Key first then the ON button to turn it off.In 2011, the 10bII was replaced by the HP 10bII+ (NW239AA) model 1 (codenamed "Bluestar" [3]) with expanded capabilities. To solve for the number of periods, let’s take another variation of the present value problem above. Yet, it’s surprising how many commercial real estate and finance professionals still don’t know how to properly use a financial calculator. Below we’ll go over how to use each of the 5 keys individually and also go over some practice problems. To use the M register, simply input or calculate a number, then hit the M register key as show below.

This is one of the newer and most popular Texas Instrument financial calculators and is also widely used in business schools and the finance industry. This is a straightforward process on the HP 10BII but it does involve a lot of steps that can be cumbersome and sometimes annoying. Time value of money is the economic principle that a dollar received today has greater value than a dollar received in the future. Assuming you’re comfortable with the time value of money, let’s next get familiar with the layout of the HP 10BII financial calculator.The first in 2001, branded as "10BII", had a golden bezel and mauve statistical shift button and key labels. You can use any of these alternate functions at any time by simply pressing the appropriate shift key (gold key for example) and then pressing the function key with the gold label that you want to use.