Tutorial for Users » hp 10bII - Tutorial Ordinary Annuities

# HP10BII Ordinary Annuities

Example 1:

What is the FV of an annuity of \$100 paid at the end of each year for 5 years if the interest rate equals 6%?

`0    6%   1         2         3         4          5|---------|---------|---------|---------|----------|   -100       -100      -100      -100      -100`

5 [N]

6 [I/YR]

-100 [PMT]

0 [PV]

Now press the [FV] key, and an FV of \$563.71 is displayed.

Note: If you get the answer of 505.0251, then you need to change the periods per year to 1 by pressing [1] [Gold Shift] [P/YR].

Note: If you get the answer of 597.5319, then you need to change the TVM Payment Mode back to End Mode by pressing [Gold Shift] [Beg/End].

Example 2:

What is the PV of the same annuity?

Leave data in calculator, but enter 0 as the[FV] to override, then press [PV] to get \$421.24.

Updated On: 13.04.03

Tagged By: HP 10bII+, HP 10b II.

1. On 09-Feb-2019, Lirio wrote:
I got wrong answer .. i got 507.55 . What will i do?
• On 10-Feb-2019, Peter Tong replied:
Press [1] [Gold Shift] [P/YR]. Then start all over from the top.

2. On 25-Mar-2013, Anon wrote:
nevermind, i had to clear statistics separately, thanks guys
• On 25-Mar-2013, Peter Tong replied:
Interesting behavior from your 10bII+. Guessed you use [gold shift] [C STAT] to perform the stat clear.

3. On 23-Mar-2013, Anon wrote:
Hey i got the wrong answer for FV and for PV i got 446.51, can anybody tell me whats wrong?
• On 23-Mar-2013, Peter Tong replied:
Before you start, press 1 [Gold Shift] [P/YR] and then press [Gold Shift] [C ALL], you should see 1 P_Yr on the display.
• On 15-Dec-2014, Anonymous replied:
I tried that and it will still show 12 P_Yr (Reply)
• On 25-Mar-2013, Anon replied:
that doesn’t help, even after a clear all and after i’m sure the payments are once per year, I still get an FV of 597.53. I’m using the HP10bII+