The 10bii Financial Calculator is truly powerful enough for the professional but accessible enough for everyone. The second in 2007, branded as "10bII", had a silver bezel and blue statistical shift button and key labels.

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 10bii Financial Calculator's keypad has been specially designed to be easy to use and easy to see. The 10bii Financial Calculator is a versatile and powerful financial calculator which features more than 105 different functions for financial analysis, business, statistics, and general mathematics.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. If you look closely at the other keys on the financial calculator you’ll notice that they have white letters, gold letters, and purple letters.

It is an ideal tool for teaching the power of compounding interest, analyzing potential deals or business ventures, or just doing math problems, and sharing the results of your work with others. It’s also common for people to get stuck with basic but confusing settings such as the payments per year setting. 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. To solve for the interest rate, let’s take a look at a variation on the present value problem above. This is particularly useful when you are calculating multiple figures that then later need to be used in a final calculation.To solve for the number of periods, let’s take another variation of the present value problem above.

So, now we know 4 out of the 5 time value of money components and we can easily solve for the 5th unknown interest rate component, which turns out to be 6. Now that we have a good understanding of how the HP 10BII financial calculator is organized and we’ve also gone over some regularly used functionality, let’s dive into the time value of money. To solve this problem simply identify the 4 known components and then use the HP 10BII financial calculator to find the 5th unknown component. When solving for time value of money problems it’s critical that the frequency of the N, I, and PMT components match.In this article we’ll solve all of these problems by taking a deep dive into how to use a financial calculator. Modeled after the extremely popular 10bII Financial Calculator by Hewlett Packard, the 10bii Financial Calculator combines precise mathematics, intuitive display, and ease-of-use in one compact package. I was a little bit upset because this is my favorite app, and I have all the Android calculator apps.

Before diving into how to use a financial calculator, you must first master the time value of money. So, assuming you have your financial calculator set to 1 payment per year and you’ve cleared all registers, let’s go through some example problems to demonstrate how to use the time value of money functions on the HP 10BII financial calculator. However, this does not auto-adjust the N and PMT components (you still have to do this manually), which makes this function cause more problems than it’s worth.

The white letters are the primary functions, while the gold and purple letters indicate alternative functions for the same key. But first, lets discuss how to avoid a common mistake people make when using a financial calculator.