IRR Problem on my new 10bII
I am facing problem with the calculation of IRR on my new 10bII.
The IRR computation is wrong.
To compute IRR of the following cash flows: - -11 + 12 / ? Where NPV is 0
The process I keyed in is
Shift clear all 11 (+ / -) CFj 12 CFj Shift IRR / YR
The answer I get now is 109.0909
This is obviously wrong. I used to get 9.0917 percent.
Can you kindly advise?
You need to set the P / YR to 1. The default is 12.
1 Shift P / Yr
Shift c all ‘Screen should display 1’
11 (+ / -) CFj
Shift IRR / YR ‘Screen should display 9.0909’
Here is a primer to setting up your HP 10bII.