HP Financial Calculators » HP 10bII+ » Getting Started » A quick note for new HP 10bii owner

# A quick note for new HP 10bii owner

Thank you for purchasing your 10bii.

The Hewlett Packard 10BII is a very easy to use financial calculator which will serve you well in all finance courses. This guide gives you step-by-step keystroke solutions to common financial calculations, plus handy examples of most other machine functions and operations. Indexed for quick and handy look-ups.

Before we get started, we need to set up the calculator. The 10BII comes from the factory set to assume monthly compounding, but its better to set it to assume annual compounding and then make manual adjustments when you enter numbers. Why do we need to do this? The compounding assumption is hidden from view and people tend to forget to set it to the correct assumption. Also most finance books are written with the same assumption. So we need to set this to once per year.

Turn on the calculator
Press 1 (once per year)
Then the [Shift] key (yellow) and [P / Yr] (the shift PMT key).

To check that it has taken, press [Shift] and then the [C ALL] key and you
should see 1 P_Yr on the screen.

Another common issue which sometimes occurs is that the calculator will accidentally get set to "Begin" mode. You will need to have your calculator set to "End" mode. If your calculator does accidentally get shifted into "Begin" mode, the calculatorĀ“s display will say BEGIN below the numerals in the display. If it does not read anything, the calculator is in "End" mode.

Press the [Shift] key and then the [BEG / END] key to toggle between these 2
modes.

One other important adjustment that is to be done. By default the calculator displays only two decimal places. It is probably better to set this to five decimal places.

Press the [Shift] key and then the [DISP] key.
And then the [5] which corresponds to the number of digits you would like to see displayed.

Your HP 10bii is ready to go.

Updated On: 16.12.19

1. On 28-Apr-2018, Ralph Armstrong wrote:
Were is the Iyr key?
Your reply to Ralph Armstrong

2. On 20-Feb-2017, Vincent wrote:
Many thanks, bless you
Your reply to Vincent

3. On 14-Dec-2013, Sig wrote:
Thank you, I was able to set the display to 4 decimal places.
Your reply to Sig

4. On 25-Nov-2013, Anonymous wrote:
thank you admin I’ve been having this problem for weeks.
Your reply to Anonymous

5. On 28-Apr-2013, Anonymous wrote:
Thank you so much
Your reply to Anonymous

6. On 14-Mar-2013, Diyana wrote:
i have tried to change once per year compounding but cannot work..it still 12p/yr..please assist me as i need it
Your reply to Diyana
• On 14-Mar-2013, Anonymous replied:
Press 1 then press orange shift key and finally press the PMT key. It should work.
Your reply to Anonymous

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 In reply to Anonymous, who on 25-Nov-2013 wrote:thank you admin I’ve been having this problem for weeks.

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