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 HP 10BII+ It won't even calculate present value an...
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HP 10BII+ It won't even calculate present value and future value problems.
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02032012 02:27 PM
I have a finance test on Tuesday and the calculator won't work.
I've tried the manual too but I never get the correct answers.
N = 3
I = 10
PV = 5,000
Calculate FV = 6,655
The FV is supposed to be 6,655, but I keep getting 5,126.04.
If it doesn't work for a simple problem like this, it won't work for more complex problems.
Please help. If this doesn't work should I just buy a new financial calculator because I lost my receipt?
Re: HP 10BII+ It won't even calculate present value and future value problems.
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02032012 02:53 PM  edited 02032012 02:53 PM
The calculator works fine and is doing excatly what you are telling it to do. You have P/YR (payments per year) set to 12 (the default). Set it to 1 and it gives the answer you expect. If you need to know how to do this, please see the book that came with your calculator and look at the first TVM example, pages 1011, Table 112.
ALWAYS, ALWAYS, ALWAYS check your P/YR to make sure it matches what the problem is asking. (ALWAYS!!!)
This is the #1 thing that causes students to fail exams. Make sure you match what the problem is asking.
TW
Although I work for the HP calculator group, the views and comments expressed here are my own.
Re: HP 10BII+ It won't even calculate present value and future value problems.
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02032012 03:53 PM  edited 02032012 04:00 PM
Hi!, sett1191:
If you're interested and you do not, you associate site of manuals, for HP10BII+, from ...
http://h10025.www1.hp.com/ewfrf/wc/manualCategory?
And too, the learning modules, for HP10BII, from ...
http://h20331.www2.hp.com/Hpsub/cache/298123002
Re: HP 10BII+ It won't even calculate present value and future value problems.
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05092013 09:29 AM
Tim Wessman wrote:The calculator works fine and is doing excatly what you are telling it to do. You have P/YR (payments per year) set to 12 (the default). Set it to 1 and it gives the answer you expect. If you need to know how to do this, please see the book that came with your calculator and look at the first TVM example, pages 1011, Table 112.
ALWAYS, ALWAYS, ALWAYS check your P/YR to make sure it matches what the problem is asking. (ALWAYS!!!)
This is the #1 thing that causes students to fail exams. Make sure you match what the problem is asking.
This was not helpful at all. The instructions show to press 4 then shift down and then p/yr to change it to 4....i get 48 in the n.....garbage
Re: HP 10BII+ It won't even calculate present value and future value problems.
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05092013 09:31 AM
This was more helpful but still N did not change. This calculator should be as easy at my Sharp EL733A but it is not. Does HP have a bad program here?
Miguel Angel Caporalini wrote:Hi!, sett1191:
If you're interested and you do not, you associate site of manuals, for HP10BII+, from ...
http://h10025.www1.hp.com/ewfrf/wc/manualCategory?
cc=us&dlc=en&lang=en&lc=en&product=5040216&task =&
And too, the learning modules, for HP10BII, from ...
http://h20331.www2.hp.com/Hpsub/cache/298123002
25121.html
Re: HP 10BII+ It won't even calculate present value and future value problems.
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05092013 11:36 AM
blahbla998 wrote:This was more helpful but still N did not change. This calculator should be as easy at my Sharp EL733A but it is not. Does HP have a bad program here?
Not at all. I used the TVM on the10BII+ myself today for some very different problems.
First financial, the payments for different loan options.
Second, the resistance value at different temperatures of an NTC thermal resistor found in my tek 'scope, given the value at a specified temperature and the % change per degree (a very rough approximation considering nonlinearities etc., but the best with the data available).
It gave the expected solutions both times.
If you understand the fundementals of the formula and the problem, the solution is easy on any calculator.
Re: HP 10BII+ It won't even calculate present value and future value problems.
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05092013 12:09 PM
Hi!, blahbla998:
Welcome, to Forum!.
With HP10BII, HP10BII+, HP39GII, HP39GS, HP40GS ... and HP50G, you must put in Y/PR, the value = 1, for obtein, the correct result.
But, in HP12C and HP12CP, you didn't need, put the P/Yr = 1
Note: If you needed learn the use of TVM in the HP10BII+, see this ... http://www.educalc.net/1919487.page and this ... http://www.educalc.net/247086.page
Re: HP 10BII+ It won't even calculate present value and future value problems.
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05092013 12:42 PM
Post your problem and we'll show you where it is going wrong.
Like I said before, the #1 reason why things do not work with ANY finacance calculator is that your payment periods do not match the given data in one way or another. The 10bII+ comes by default at 12 P/PYR. If you have not changed it to 1 and the problem is assuming 1 period per year, your result will be incorrect.
To set your payments per year, type the number and press orange shift PMT.
TW
Although I work for the HP calculator group, the views and comments expressed here are my own.
Re: HP 10BII+ It won't even calculate present value and future value problems.
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05092013 12:54 PM  edited 05092013 01:05 PM
.... and for the HP30b, here's a video to demonstrate. The 10BII+ works the same way. It is a zipped windows AVI file and should play in Media Player.
EDIT: this video shows how to do the problem stated in the original post. However, unles you understand what Tim is saying, you are headed for trouble with future problems.
Re: HP 10BII+ It won't even calculate present value and future value problems.
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05122013 06:54 AM  edited 05202013 07:55 AM
Hi!, blahbla998:
In the next site, all solutions, for Finance, for HP10BII+. See, all pages (1 to 12) ... http://www.studyfinance.com/lessons/timevaluegrid/
Read carefully ...
If you're interested and you do not, you associate site of manuals, for HP10BII+, from ...
http://h10025.www1.hp.com/ewfrf/wc/manualCategory?
And too, the learning modules, for HP10BII, from ...
http://h20331.www2.hp.com/Hpsub/cache/298123002
Re: HP 10BII+ It won't even calculate present value and future value problems.
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01142014 08:07 AM
Too late to help... but:
The reason you are getting the wrong asnwer is that you are entering the interest rate incorrectly, hitting the [g] [i] keys. For example,
5000 [PV], 3[n], 10[g][i], [FV} will return 5,126.04
if you enter it as it should be:
ple,
5000 [PV], 3[n], 10[i], [FV} will return 6,655.00
Re: HP 10BII+ It won't even calculate present value and future value problems.
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3 weeks ago
I am having the same problem on my new HP 10bII. I have tried using the following keystrokes: 1, SHIFT, P/YR. The display then reads 12 and I am getting inaccurate results. I don't seem to be able to get it to change to annual payments.
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3 weeks ago
LeeV wrote:I am having the same problem on my new HP 10bII. I have tried using the following keystrokes: 1, SHIFT, P/YR. The display then reads 12 and I am getting inaccurate results. I don't seem to be able to get it to change to annual payments.
I suspect that you are pressing Shift N instead of Shift PMT. Shift N is ×P/YR (notice the × in front), and Shift PMT is P/YR. Let us know if that helps.