BASIC KEYS
[ON]
Turns the calculator on
[SHIFT] [ON]
Turns the calculator off
[ON] [+] [-]
Changes the contrast of the display (press simultaneously)
[SHIFT] [DISP]
Sets the number of decimal points displayed
[SHIFT]
Accesses the alternate function printed on the lower half of the keys
in orange
[←] Clears one character at a time
[C]
Clears the entire display
[SHIFT] [C ALL]
Clears the entire display and all financial memory registers
[+/-]
Changes the sign of the number in the display
[SHIFT] [BEG/END]
Sets begin or end mode
[SHIFT] [P/YR]
Sets the number of periods per year
[INPUT]
Stores parameters for multi-variable functions
[SHIFT] [STO]
Store a number to a memory register
[RCL]
Retrieves data already entered in a memory register
TIME VALUE OF MONEY REGISTER and AMORTIZATION
[N]
Finds/stores the total number of periods the investment is
compounded/discounted
[SHIFT] [x P/YR]
Stores the number of periods after multiplying the term by the payments
per year
[I/YR]
Finds/stores the interest rate per year
[PV]
Finds/stores the present value
[PMT]
Finds/stores the payment per period
[FV]
Finds/stores the future value
[SHIFT] [AMORT]
Creates an amortization table
CASH FLOW REGISTER
[CFj]
Stores cash flows
[SHIFT]
[Nj]
Stores the number of times the same cash flow amount occurs
consecutively
[SHIFT] [IRR/YR]
Finds internal rate of return
[SHIFT] [NPV]
Finds net present value
MARKUP
[MU]
Finds/stores markup percentage
[CST]
Finds/stores cost before markup
[PRC]
Finds/stores price after markup
[MAR]
Finds/stores margin percentage after markup
STATISTICS
[STATS]
Accesses the alternate function printed above the keys in purple
[STATS] [n]
Displays the number of entries in a statistics list
[STATS]
[Σx] Sums entries in a statistics list
[SHIFT]
[x
_
, y
_
] Calculates the mean of entries in a statistics list
Clearing the Calculator
•
To clear one character at a time, press [←].
If you have already pressed [=] or one of the
function keys, then [←] will clear the entire display.
• To clear the entire display, press [C].
• To clear the entire display and all financial memory
registers press [SHIFT] [C ALL].
Setting Periods per Year
Most calculations use one period per year (annual
payments) or twelve periods per year (monthly
payments).
• To set annual payments, press 1 [SHIFT] [P/YR]
• To set monthly payments, press 12 [SHIFT] [P/YR]
HP10BII Financial Calculator Quick Reference Guide
Adding or Subtracting a Percent
•
To add a percent, enter the figure, press [+], enter
the percentage and press [%] [=].
• To subtract a percent, enter the figure, press [-],
enter the percentage and press [%] [=].
9933/20050101
Power On and Off
•
To turn the calculator on, press the [ON] key in the
lower left corner of the keypad.
• To turn the calculator off, press the orange shift key
[SHIFT], then the [ON] key.
Display
•
To change the display contrast, hold down the [ON]
key, then press [+] or [-].
• To specify the number of displayed decimal places,
press [SHIFT] [DISP] and enter the number of digits
(0 through 9) to appear after the decimal point.
Note: IREM courses use 2 decimal places.
Time Value of Money (TVM) Registers
and Amortization
To solve for one of the TVM registers, you must enter
non-zero values in three of the other four registers (the
HP10BII will assume that the value for the fourth register
is zero).
To Solve for Payment:
1. Clear all registers. [SHIFT][C ALL]
2. Store the amount of the loan. Amount [PV]
3. Store the annual interest rate. Rate [I/YR]
4. Store the number of payments. Payment [N]
5. Press the payment key. [PMT]
To Amortize the Loan:
6. View principal paid in Year 1. [SHIFT][AMORT] [=]
7. View interest paid in Year 1. [=]
8. View the current loan balance. [=]
9. To view the next range of principal, interest, and loan
balance, repeat Steps 6-8.
Cash Flow Registers
The cash flow registers allow you to solve for
internal rate of return (IRR) and net present value
(NPV).
To Solve for IRR or NPV:
• Store the number of periods per year.
Number [SHIFT][P/YR]
• Store the amount of the initial investment.
Amount [CFj]
• Store the amount of the next cash flow and press
[CFj] (if the amount entered occurs more than once
consecutively, enter the number of times is occurs
and press [SHIFT] [Nj]).
Amount [CFj]
• Repeat step 3 for each cash flow.
• Solve for IRR. [SHIFT] [IRR/YR]
OR
• Store the annual interest rate. Rate [I/YR]
• Solve for NPV. [SHIFT] [NPV]
Practice Problem
You are currently negotiating with a tenant who is interested in leasing 25,600 square feet of
vacant space. The tenant has proposed an annual rent of $22.50 per square foot to be paid
monthly, and wants an improvement allowance of $400,000. In addition, they are asking for
free rent for the first year. The lease term is 5 years. The owners’ required rate of return is
11% percent. What is the annual effective rent?
Keystrokes HP10BII Display
Set to 12 payments
per year
12 [SHIFT] [P/YR] 12.00
Clear all data [SHIFT] [C ALL]
12 P_Yr
0.00
Store Cash Flow 0 400000 [+/-] [CFj]
C-FLOW CF 0
C-FLOW CF -400,000.00
Store Cash Flow 1 0 [CFj]
C-FLOW CF 1
C-FLOW CF 0.00
Repeat Cash Flow 1 12 [SHIFT] [Nj]
C-FLOW N 1
C-FLOW N 12.00
Calculate monthly
rent and store as
Cash Flow 2
25600 [x] 22.5 [÷] 12 [=] [CFj]
48,000.00
C-FLOW CF 2
C-FLOW CF 48,000.00
Repeat Cash Flow 2 4 [x] 12 [SHIFT] [Nj]
C-FLOW N 2
C-FLOW N 48.00
Store I/YR 11 [I/YR] 11.00
Solve for NPV [SHIFT] [NPV] 1,264,566.51
Store payments
per year
5 [SHIFT] [x P/YR] 60.00
Solve for payment [PMT] -27,494.74
Solve for annual
payment per square
foot
[÷] 25600 [x] 12 [=] -12.89
The annual effective rent is $12.89 per square foot.
National Headquarters
430 North Michigan Avenue
Chicago, Illinois 60611-4090
Telephone
Facsimile
Internet
(800) 837-0706
(800) 338-4736
www.irem.org
HP10BII Financial Calculator Quick Reference Guide
