04-15-2019 07:02 AM
I have just bought the calculator and I found out it was not functioning well. I follow the calculation show by youtuber but it gaves me a different answer from what youtuber showed. For example:
step 1: clear everything
step 2: 0 CFj
step 3: 300 INPUT 4 CFj
step 4: 600 INPUT 2 CFj
step 5: 2000 CFj
step 6: 300 INPUT 3 CFj
Step 7: 5 I/YR
Step 8: SHIFT NPV
Youtuber answer showed 3983.60, but mine 4922.46.
And when I cleared all the memory, I pressed shift down + C ALL, the screen showed " 4 P_Yr", but I saw the manual book showed "12 P_Yr"
Solved! Go to Solution.
04-15-2019 10:39 AM - edited 04-15-2019 10:40 AM
If your screen says "4 P_Yr", then it's currently set to 4 payment periods per year. The P/YR setting is the most common source of confusion on financial calculators. Just key 12 [P/YR] to reset it to the default of 12 payments per year. The [P/YR] key is accessed by pressing the orange (down) shift key, then the [PMT] key.
If that doesn't return the result you're looking for, it could be that the cash flows are annual, not monthly. In that case, try setting the number of payments per year to 1.
Finally, be sure to read the manual's explanations of the [P/YR] key, as well as the [×P/YR] key (shift N).
If none of the above helps, please let us know! Disclaimer: I don't work for HP or anybody else.
04-16-2019 05:33 PM
Did you try pressing 1 [P/YR] as suggested? I just now tried it, and got exactly the answer you're seeking (3983.60).
If all else fails, try performing a master clear by pressing ON *and* N *and* FV all down at the same time, then letting them go. Then set 1 P/YR, and re-enter your cash flows. You should get a NPV of 3983.60.