I am studying for a financial planning exam and was on the verge of reordering the calculator which i need to use for the exam as I have tried working my way round the manual (printed the full version off, my textbook and then a YouTube tutorial on the calculator. But for the simplest question I get a slightly different answer. I have reset the calculator and I know how to set it to one payment period per year. I have also worked out clearing the TVM memory. Here is the calculation I have been trying to do and the answer I get. Any help gratefully received:
Qu is £1000 invested for 2 years @10% interest per year, answer should be £1210, but I get £1,212.31! I input
The only way I've been able to replicate your result is if I place or leave -1 in the PMT register and set the calculator to BEG mode before solving for FV. You didn't mention anything about BEG/END mode or any kind of recurring payments, so it's not clear if either of those would apply.
If starting from a totally reset 10bII+ (by pressing ON-N-FV all at the same time), the following keystrokes provides the correct answer:
C (simply to clear the ALL CLEAr message)
1000 +/- PV
1 (down shift) P/YR (note: this is the down-shifted PMT key, not the N key)
...result is 1,210.00 as expected.
BEG/END mode doesn't matter if no PMT is specified. Try your calculation in both modes; the result should be the same. If it changes, then your calculator has something other than 0 as the PMT.