IREM HP10BII Quick Reference Manual

BASIC KEYS

[ON]

Turns the calculator on

[SHIFT] [ON]

Turns the calculator off

[ON] [+] [-]

Changes the contrast of the display (press simultaneously)

[SHIFT] [DISP]

Sets the number of decimal points displayed

[SHIFT]

Accesses the alternate function printed on the lower half of the keys

in orange
[←] Clears one character at a time
[C]

Clears the entire display
[SHIFT] [C ALL]

Clears the entire display and all financial memory registers
[+/-]

Changes the sign of the number in the display
[SHIFT] [BEG/END]

Sets begin or end mode
[SHIFT] [P/YR]

Sets the number of periods per year
[INPUT]

Stores parameters for multi-variable functions
[SHIFT] [STO]

Store a number to a memory register
[RCL]

Retrieves data already entered in a memory register

TIME VALUE OF MONEY REGISTER and AMORTIZATION

[N]

Finds/stores the total number of periods the investment is

compounded/discounted

[SHIFT] [x P/YR]

Stores the number of periods after multiplying the term by the payments

per year
[I/YR]

Finds/stores the interest rate per year
[PV]

Finds/stores the present value
[PMT]

Finds/stores the payment per period
[FV]

Finds/stores the future value
[SHIFT] [AMORT]

Creates an amortization table

CASH FLOW REGISTER

[CFj]

Stores cash flows
[SHIFT]

[Nj]

Stores the number of times the same cash flow amount occurs

consecutively
[SHIFT] [IRR/YR]

Finds internal rate of return
[SHIFT] [NPV]

Finds net present value

MARKUP

[MU]

Finds/stores markup percentage
[CST]

Finds/stores cost before markup
[PRC]

Finds/stores price after markup
[MAR]

Finds/stores margin percentage after markup

STATISTICS

[STATS]

Accesses the alternate function printed above the keys in purple
[STATS] [n]

Displays the number of entries in a statistics list
[STATS]

[Σx] Sums entries in a statistics list

[SHIFT]

[x_ , y_ ] Calculates the mean of entries in a statistics list

Clearing the Calculator

•

To clear one character at a time, press [←].
If you have already pressed [=] or one of the
function keys, then [←] will clear the entire display.

• To clear the entire display, press [C].

• To clear the entire display and all financial memory

registers press [SHIFT] [C ALL].

Setting Periods per Year

Most calculations use one period per year (annual
payments) or twelve periods per year (monthly
payments).

• To set annual payments, press 1 [SHIFT] [P/YR]

• To set monthly payments, press 12 [SHIFT] [P/YR]

HP10BII Financial Calculator Quick Reference Guide

Adding or Subtracting a Percent

•

To add a percent, enter the figure, press [+], enter
the percentage and press [%] [=].

• To subtract a percent, enter the figure, press [-],

enter the percentage and press [%] [=].

9933/20050101

Power On and Off

•

To turn the calculator on, press the [ON] key in the
lower left corner of the keypad.

• To turn the calculator off, press the orange shift key

[SHIFT], then the [ON] key.

Display

•

To change the display contrast, hold down the [ON]
key, then press [+] or [-].

• To specify the number of displayed decimal places,

press [SHIFT] [DISP] and enter the number of digits
(0 through 9) to appear after the decimal point.
Note: IREM courses use 2 decimal places.

Time Value of Money (TVM) Registers
and Amortization

To solve for one of the TVM registers, you must enter
non-zero values in three of the other four registers (the
HP10BII will assume that the value for the fourth register
is zero).

To Solve for Payment:

1. Clear all registers. [SHIFT][C ALL]

2. Store the amount of the loan. Amount [PV]

3. Store the annual interest rate. Rate [I/YR]

4. Store the number of payments. Payment [N]

5. Press the payment key. [PMT]

To Amortize the Loan:

6. View principal paid in Year 1. [SHIFT][AMORT] [=]

7. View interest paid in Year 1. [=]

8. View the current loan balance. [=]

9. To view the next range of principal, interest, and loan
balance, repeat Steps 6-8.

Cash Flow Registers

The cash flow registers allow you to solve for
internal rate of return (IRR) and net present value
(NPV).

To Solve for IRR or NPV:

• Store the number of periods per year.

Number [SHIFT][P/YR]

• Store the amount of the initial investment.

Amount [CFj]

• Store the amount of the next cash flow and press

[CFj] (if the amount entered occurs more than once
consecutively, enter the number of times is occurs
and press [SHIFT] [Nj]).
Amount [CFj]

• Repeat step 3 for each cash flow.

• Solve for IRR. [SHIFT] [IRR/YR]

OR

• Store the annual interest rate. Rate [I/YR]

• Solve for NPV. [SHIFT] [NPV]

Practice Problem

You are currently negotiating with a tenant who is interested in leasing 25,600 square feet of
vacant space. The tenant has proposed an annual rent of $22.50 per square foot to be paid
monthly, and wants an improvement allowance of $400,000. In addition, they are asking for
free rent for the first year. The lease term is 5 years. The owners’ required rate of return is
11% percent. What is the annual effective rent?

Keystrokes HP10BII Display

Set to 12 payments
per year

12 [SHIFT] [P/YR] 12.00

Clear all data [SHIFT] [C ALL]

12 P_Yr

0.00

Store Cash Flow 0 400000 [+/-] [CFj]

C-FLOW CF 0
C-FLOW CF -400,000.00

Store Cash Flow 1 0 [CFj]

C-FLOW CF 1
C-FLOW CF 0.00

Repeat Cash Flow 1 12 [SHIFT] [Nj]

C-FLOW N 1
C-FLOW N 12.00

Calculate monthly
rent and store as
Cash Flow 2

25600 [x] 22.5 [÷] 12 [=] [CFj]

48,000.00
C-FLOW CF 2
C-FLOW CF 48,000.00

Repeat Cash Flow 2 4 [x] 12 [SHIFT] [Nj]

C-FLOW N 2
C-FLOW N 48.00

Store I/YR 11 [I/YR] 11.00

Solve for NPV [SHIFT] [NPV] 1,264,566.51

Store payments
per year

5 [SHIFT] [x P/YR] 60.00

Solve for payment [PMT] -27,494.74

Solve for annual
payment per square
foot

[÷] 25600 [x] 12 [=] -12.89

The annual effective rent is $12.89 per square foot.

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HP10BII Financial Calculator Quick Reference Guide