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how to calculate compound interest using hp 10bii. The calculator comes pre-set at 12 periods per year. Input 10000 and press the FV key Input 10 and press the N key Input 65 and press the IYR key Input 0 and press the PMT key Press the PV key to solve for the present value.
Hp 10b And 10bii Calculators Time Value Of Money Tvm Calculation Hp Customer Support from support.hp.com
This learning module will describe some basics of using the time value of money on the HP 10bII calculator. To do this on the HP 10BII first clear all prior work and then use the following steps. The interest earned is higher by 360 6360 - 6000.
For year 3 the principal amount is 1060 6360 112360.
How do I use the HP 10BII Financial Calculator to calculate PMTs for different compounding periods and payment periods.
