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DavisMcNamara
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Solved!

HP 10bII+ Financial Calculator displaying wrong answer

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HP 10bII+ Financial Calculator

When entering the following values into my calculator: -1000 FV, -40 PMT, 5.5 I/YR, 18 N, I get the answer 1,610.57. However, the answer I should be getting is 831.31, which I have confirmed by using a different calculator. Is there any way to fix this?

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cyrille
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Hello,

 

831 is the answer with 1 payement per year.

1610 is the answer with 12 payements per year.

 

Change the number of payement per year (set it to 1) and you will get the answer that you want.

Note: that I did not say "the right answer"! as both are right, but for different problems.

 

Cyrille

 

I am an HP Employee
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