HP 10bII User Manual

First Bank
Keys:
Display:
Description:
(Gone
c]
6.70
Stores
nominal
rate.
(Om
5]
4.00
Stores
quarterly
compounding
periods.
SES
6.87
Calculates
annual
effective
rate.
Second
Bank
(оја/о/еја
ст]
6.65
Stores
nominal
rate.
CQ
12.00
Stores
monthly
com-
pounding
periods.
Qe
6.86
Calculates
annual
effective
rate.
Third
Bank
(GC
6.63
Stores
nominal
rate.
GXeXo)
De
360.00
Stores
compounding
periods.
Qe
6.85
Calculates
annual
effective rate.
First
Bank
offers
a
slightly
better
deal
since
6.87
is
greater
than
6.86
and
6.85.
Compounding and Payment Periods Differ
The TVM application assumes that the compounding
periods and the payment periods are the same. Some loan
installments or savings deposits and withdrawals do not
coincide with the bank’s compounding periods. If the
payment period differs from the compounding period,
adjust the interest rate to match the payment period
before solving the problem.
5: Time Value of Money Calculations 73

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