02-07-2019 05:13 PM
How do I use the HP 10BII+ Financial Calculator to calculate PMTs for different compounding periods and payment periods?
Ex. John has a 7 year term annuity with a PV of $15,500 with an interest of 6% compounded quaterly. How much are the monthly payments?
What key strokes would I use to answer a question like this?
02-07-2019 06:40 PM
Hi!, @Calc_03 :
You can, see ...
User's Guide ... http://h10032.www1.hp.com/ctg/Manual/c02989763.pdf
02-07-2019 07:27 PM
Thank you for your response. I reviewed the links that you posted, but I wasn't able to find the answer to the question. The first one had the same compounding period as the payment period, the second one was about PV and FV of an increasing annuity (not sure what the compounding period was), and the third one had the same compounding period as the payment period.
Where in the user manual can I find the answer to my question? I looked before and was not able to find it. Can you point me in the right direction please?
What keystrokes would I use to calculate the PMT if I had a different compounding period than the payment period?