HP 10bII User Manual

Savings Calculations
Example: A Savings Account. If you deposit $2,000 in a savings
account that pays 7.2% annual interest compounded annually, and make
no other deposits to the account, how long will it take for the account to
grow to $3,000?
fV -300000
VYR «7:296
N-?
PAR«1
1 23g 2d
Ne?
PMT=0
PV = -2,000.00
Since this account has no regular payments (PMT = 0), the payment
mode (End or Begin) is irrelevant.
Keys:
Display:
Description:
Qe 0.00 Clears all registers.
Фое 1.00 Sets P/YR to 1 since interest
is compounded annually.
@OOO2D ~2,000.00 Stores amount paid out for
first deposit.
[601070099] 3,000.00 Stores ће amount you wish
to accumulate.
DOA 7.20 Stores annual interest rate.
® 5.83 Calculates number of years it
takes to reach $3,000.
60 5: Time Value of Money Calculations

HP 10bII Specifications

General

Digits	12 digits
Display type	LCD
Display tilting	No
Display size (HxV)	16 x 63.5 mm
Display number of lines	1 lines
Display number of characters	12
Type	Financial
Form factor	Pocket
Control type	Buttons
Product color	Black, Grey
Battery life	1 year(s)
Battery type	CR2032
Power source	Battery
Auto power off	Yes
Auto power off after	5 min
Number of batteries supported	2
Operation	170
Memory registers	22
Storage media type	-

Weight and Dimensions

Depth	145 mm
Width	80.9 mm
Height	14 mm
Weight	85 g