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?
    Your reply to Lirio
    • On 10-Feb-2019, Peter Tong replied: 
      Press [1] [Gold Shift] [P/YR]. Then start all over from the top.
      Your reply to Peter Tong

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

  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?
    Your reply to Anon
    • 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.
      Your reply to Peter Tong
      • 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+
      Your reply to Anon
    • On 02-Apr-2013, Anonymous replied: 
      Hi, I got the same problem and you simply need to press the gold button followed by BEG/END button to set payments at the end of the period rather than the beginning of the period. This should solve your problem and now give you $563.71. Cheers, Ian
      Your reply to Anonymous

Leave your message, comment or feedback:
Your Name (shown) & Your E-mail (hidden) is used only to alert you when someone reply your message.