Showing results for 
Search instead for 
Did you mean: 
New member
1 0 0 0
Message 1 of 3
Flag Post

HP 10bII+ Financial Calculator displaying wrong answer

HP Recommended

A Corporate Finance text wants us to calculate FV per the following data:

PV=-100, I/Y=10, N=5

Answer should be 161.05 but I get 104.24. I already "cleared" the calculator. What am I doing wrong? All problems on the text give different results. Please help!

0 Kudos
Level 9
3,551 3,486 180 540
Message 2 of 3
Flag Post
HP Recommended

Hi!, @Walvarado2016 :

You can see, for calculate, from ...

Kind Regards !.
Have a nice day !.
@Maké (Technical Advisor Premium - HP Program Top Contributor).
Provost in HP Spanish Public Forum ...
0 Kudos
Level 8
648 633 124 220
Message 3 of 3
Flag Post
HP Recommended

Your wrong answer is caused by your payments-per-year being set to 12.  Therefore you are calculating 60 payments over 5 years, instead of just 5 payments, which is what you want.  So just press 1 [P/YR] and recalculate the FV, and you'll get the answer you're expecting.  (N.B. Be sure to use the [P/YR] key, not the [*P/YR] key.)


One way to check the current payments-per-year setting without clearing or changing anything is by pressing [RCL] [P/YR].


Hope that helps!  Disclaimer: I don't work for HP; I just enjoy using their calculators.

† The opinions expressed above are the personal opinions of the authors, not of HP. By using this site, you accept the Terms of Use and Rules of Participation