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hp 10bII - Getting Started
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On the top row of keys on your Hp 10B are the normal TVM keys that are standard on all high end business or financial calculators.
As these calculators normaly assume monthly payments of 12 per year, you need to enter 360 (360 12= 30 years) for n. Next you punch in 6 for %. Then enter 0 for FV (Future Value and you do NOT want any balloon payment or kickback) and -700 for pmt (payment and since you are paying out of YOUR pocket, negative). Then just press PV and VOILA, you will see that you should keep your loan below $116,755. to keep your mortgage payment below $700 excluding PMI, insurance and Taxes.
To solve your next problem, simply enter in $100,000 into PV then press your % button and you will see what the % needs to be to keep these numbers (Just a bit over 7.5%).
You should consult your Owners manual for more indepth use of your Hp 10B. If you no have your manual, one can be downloaded from this site (Hp10B and Hp 10Bii are nearly identical).
In reply to Davette:
ON A HP10BII how do you figure out this: If I want to pay $700 for a mortgage (not including MIP or T&I) what price loan (home) could I get at 6% Interest on a 30 yr fixed loan.
question 2:
And if I want a $100,000 loan what interest rate would I need to get if my payments were $700 on a 30 yr fixed loan.
Ron Ross
1/26/2007 1:57:51 AM - US
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ON A HP10BII how do you figure out this: If I want to pay $700 for a mortgage (not including MIP or T&I) what price loan (home) could I get at 6% Interest on a 30 yr fixed loan.
question 2:
And if I want a $100,000 loan what interest rate would I need to get if my payments were $700 on a 30 yr fixed loan.
Davette
1/25/2007 11:00:22 AM - US
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cAN i CALCULATE MIRR/
SGB
2/20/2006 1:29:52 AM - US
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i tried to follow the directions as shown to solve for IRR but could not get a positive answer. Can u give me the exact input for the following: NPV=$5,200 flows for 4 yrs $1200,$1800,$1300,$1200 solve for IRR? tks britrfr
Britrfr
10/5/2005 2:13:46 AM - US
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