HP Financial Calculators » HP 10bII+ » Getting Started » HP10BII Calculation Example 1

Let’s walk step-by-step on how to solve for each financial variable. If you do not get the correct answers to these, go back and check your work by using the {RCL} (Recall) key, for instance, hit {RCL}{N} to find out what you have in your calculator for {N}, and so on. If the number is not correct, just simply re-input the number that is incorrect and go on from there. We will start with solving for {PMT}, as that is the easiest.

Important Note: It is very beneficial to use a piece of scratch paper when figuring out financial calculations. You will want to write at the top of the paper the 5 variables: N, I, PV, PMT and FV, as listed below. Then, write in each column the numbers that will be entered into each variable. Once that is done, go ahead and do the problem itself. Click here to read more about TMV key.











The answer should be -$1,206.93.

If you did not get the above answer, click on this link to learn how to set the number of period(s) in a year.

Updated On: 19.02.08

  1. On 07-Feb-2019, Cole wrote: 
    I am getting an answer of -$13,500.00 but unsure why?
    Your reply to Cole
    • On 08-Feb-2019, Peter Tong replied: 
      The P/Yr on your calculator was set to 1. To get the answer, you need to change it back to 12. Or you can simply a push a pin into the reset hole on the back of the 10bII+, this will put the calculator back to factory default settings.
      Your reply to Peter Tong

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