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 calculator’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


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.