When I divide, for example, 5 by 6 instead of giving the whole number, it gives me a fraction 5/6? How to NOT receive fractions? Press MODE Key. Press F1 Softkey [FLAGS] You should see system flags Use the arrow key to move down to ‘105’. Your calculator probably will show ‘Exact mode on’. Press F3 Softkey [CHK], it will change to ‘Approx. mode on’ Press F6 Softkey [OK] Press [ENTER] to exit mode

Net present value (NPV) is a standard method for the financial appraisal of long-term projects. Used for capital budgeting, and widely throughout economics, it measures the excess or shortfall of cash flows, in present value (PV) terms, once financing charges are met. The Menu Map for the HP 20b NPV Menu. Explanation of NPV Menu Items: Inv.I%= Investment or discount rate. Enter the investment rate or discount rate for the cash flow followed by I.

Time Value of Money is based on the premise that an investor prefers to receive a payment of a fixed amount of money today, rather than an equal amount in the future, all else being equal. All of the standard calculations are based on the most basic formula, the present value of a future sum, “discounted” to the present. For example, a sum of FV to be received in one year is discounted (at the appropriate rate of r) to give a sum of PV at present.

The internal rate of return (IRR) is a capital budgeting metric used by firms to decide whether they should make investments. It is an indicator of the efficiency of an investment, as opposed to net present value (NPV), which indicates value or magnitude. The IRR is the annualized effective compounded return rate which can be earned on the invested capital, i.e., the yield on the investment. The Menu Map for the HP 20b IRR Menu.

In accounting, depreciation is a term used to describe any method of attributing the historical or purchase cost of an asset, across its useful life, roughly corresponding to normal wear and tear. It is of most use when dealing with assets of a short, fixed service life, and which is an example of applying the matching principle as per generally accepted accounting principles. Depreciation in accounting is often mistakenly seen as a basis for recognizing impairment of an asset, but unexpected changes in value, where seen as significant enough to account for, are handled through write-downs or similar techniques which adjust the book value of the asset to reflect its current value.

Cash flow is a term that refers to the amount of cash being received and spent by a business during a defined period of time, sometimes tied to a specific project. Measurement of cash flow can be used to evaluate the state or performance of a business or project. Cash flow can be used to validate the net income generated by accrual accounting. On the HP 20b, a cash flow list is a set of numbered pairs, CF(n)and#CF(n), where n is the index of the cash flow list.

A bond is simply a loan in the form of a security with different terminology: The issuer is equivalent to the borrower, the bond holder to the lender, and the coupon to the interest. Bonds enable the issuer to finance long-term investments with external funds. The Menu Map for the HP 20b Bond Menu. SettlementDate= Settlement date. Displays the current settlement date in either mm.ddyyyy or dd.mmyyyy format. MaturityDate= Maturity date or call date.

To switch the HP 20b calculator in Algebraic mode press [Shift][Mode]. Press [Up Arrow] or [Down Arrow] repeatedly to scroll through the menu till you see " Algebraic" or " RPN" item is displayed, press[INPUT] key to cycle through till you see “Chain”. To exit the Mode menu, press [ON/CE] key once. Calculations in Chain mode are interpreted in the order in which they are entered. For example, enter the following numbers and operations as written from left to right: 1+2*3.