10 into N, 9 into I%YR, and 1000 (cash inflow) into PMT. The 17BII comes from the factory set to assume monthly compounding. Equals Arithmetic operators (pages 21-22). In this case we need to press Shift Had you entered 0.10, the future value would have come What is the NPV? For now, make sure each #TIMES prompt is set to 1 as you enter your cash flows. Any modifications Hewlett-Packard could void the authority to operate the 17bII+ in these regions. you enter numbers. Most keys on the 17BII have two functions: a key’s primary function is noted in white on the key itself, while each key’s secondary function is noted in gold above the key. calculators (and spreadsheets) follow the. HP 17bII+ Calculator Guide [email protected] . value) key to see that the future value is $1,762.6575. Hewlett-Packard 17BII Tutorial To begin, look at the face of the calculator. The order in which the numbers are entered does not matter. Every time value of money problem has either 4 or 5 variables (corresponding to the 5 basic financial keys). Suppose that you were offered the investment in Example 3 at a cost of $800. automatically divides any number entered into the I%YR key by 100. (previously, we set the cost to 0 because we just wanted the present value of the cash flows). How much would you have to repay? For a complete list of functions, refer to the user’s guide. Menus and messages show you options and guide you through problems. This is not enough. To change the display, press the DSP (display) key, choose FIX, and then enter the number of decimal places you Once earn a rate of 9% per year on similar investments, how much should you be willing to pay for this annuity? Generally speaking, you'll pay For example, First, choose the FIN menu than the algebraic method that you are probably familiar with). summing the results. To solve these problems you simply enter the In this problem, the $100 is the present value (PV), N is 5, and I/Y is 10%. menu keys), you could have scrolled back to cash flow 0 and entered -800. In addition to the previously mentioned financial keys, the 17B also has a menu to handle a series of uneven the loan immediate after receiving the last payment. This time, you'll press the IRR key to find that the IRR is 19.5382%. Tuesday, January 17, 2006. In this case we need to solve for the present value of this annuity since that is the amount that you would Note: There was no need to actually re-enter all of those cash flows. Our objectives here is not to teach you mathamatics as there are already a number of good math oriented site on the net. We could solve this problem by finding the present value of each of these cash flows individually and then calculators, there is no single key to do this. If you want to know more or withdraw your consent to all or some of the cookies, please refer to the, Platinum financial calculator (278 pages), Manual will be automatically added to "My Manuals", Calculator HP HP 17bII+ Instruction Manual, Calculator HP 17BII - Financial Calculator Owner's Manual, Calculator HP HP-15C Owner's Handbook Manual, Calculator HP HP-11C Owner's Handbook Manual, Page 5: Welcome To Your Hp 17Bii+ Financial Calculator, Page 13: Storage Registers And Continuous Memory, Page 14: Reverse Polish Notation (Rpn) Mode, Page 25: Basic Financial Calculation Example, Page 28: Warranty And Contact Information, Page 29: Limited Hardware Warranty Period, Page 35: Product Regulatory & Environment Information. Now to find the future Now, suppose that you will be borrowing $1000 each year for 10 years at a rate of 9%, and then paying back the memory. You can now press the Exit key twice and return to the CFLO menu HP 17bII Financial Business Calculator Choose a different product series Warranty status: Unspecified - Check warranty status Manufacturer warranty has expired - See details Covered under Manufacturer warranty Covered under Extended warranty , months remaining month remaining days remaining day remaining - See details Suppose that you have $100 to invest for a period of 5 years at an interest rate of 10% per year. the present value of an uneven cash flow stream as we did in Example 3. Tutorial for HP Calculator users: To get you up to speed in the effective usage of your HP Calculator, we have put together a number of topic based web tutorial. Welcome to the hp 17bII+ The hp 17bII+ is part of Hewlett-Packard’s new generation of calculators: The two-line display has space for messages, prompts, and labels. To use the function on the key, simply press the key. Suppose that you are offered an investment which will pay you $1,000 per year for 10 years. We'll begin with a very simple problem which will provide you with most of the skills to perform financial 9933/20050101 Power On and Off Simply enter menu it was prompting you to enter cash flow 6. except that the discount rate is not necessary. You would proceed from there exactly as before. If you had used the up arrow key (two keys above the shift key, not one of the Actually, its very easy if you already know RPN (reverse polish notation -- a better way to enter data into a calculator than the algebraic method that you are probably familiar with). monthly compounding. I decided I wasn't going to buy another, that I wanted to see if I could fix the calculators. This was done because most financial Again, this is negative because it represents the amount you would have to pay (cash outflow) today to purchase About Us • Pillars of Wall Street provides real-world financial training for new and seasoned professionals, as well as university students • Founded by experienced financial instructors who are also former Press Shift Input to clear the financial keys. Now press PV to solve for the present value. The answer you get should be 161.05. This section contains information that shows how the hp 17bII+ Financial calculator complies with regulations in certain regions. One HP 17b and two HP 17bII's. Suppose that you are offered an investment which will pay the following cash flows at the end of each One other adjustment is important. By default the 17BII displays only two decimal places. Any of the variables in this problem can be changed without needing to re-enter all of the data. HP10BII Financial Calculator Quick Reference Guide Adding or Subtracting a Percent • To add a percent, enter the figure, press [+], enter the percentage and press [%] [=]. in class. You'll find that the answer is 259.37. Note that you can easily change the interest rate by simply re-entering it and then solving again for the NPV. You'll find that the NPV is $200.1792. today). The pages of the HP 17bII+ Financial Calculator User’s Guide are included for reference. The pages of the HP 17bII+ Financial Calculator User’s Guide are included for reference. On most In this case, we have a 4-variable problem and Equals Arithmetic operators (pages 21-22). Press the Exit key to How much All we need to do is enter the cash This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy. you need to do is to enter the cash flows from the above list when prompted. cash flows exactly as before. If, for some reason, it says BEGIN MODE instead, press the menu labeled END. Why? Actually, its very easy if you already know RPN (reverse polish notation -- a better way to enter data into a calculator Press the Exit key to get back to the FIN menu, and then choose the CFLO (cash flow) menu.