08-16-2014 05:56 PM
When I try calculating future value, it gives the incorrect answer. For example, $100 for 10 years at 10% with 0 payments. I type -100 PV, 10N, 10 I/YR, 0 PMT and hit FV. The calculator gives me $108.65. The answer should be $259.37.
When I try PV, I also get the wrong answer. I've verified and followed the procedures on different sites, forums, and YouTube videos, all which were exactly the same.
I've tried clearing it and resetting it. Am I missing something, or is the calculator just a POS?
08-17-2014 03:18 PM - edited 08-18-2014 07:19 AM
The variable "N" is total number of payments, not necessarily number of years.
On reset, the calculator is set to 12 payments per year. This can be set with P/YR.
Depending on the compounding period, either enter 120 for N or set P/YR to 1.
EDIT: you will get the expected answer with P/YR set to 1. i.e.interest is compounded annually.
01-19-2018 07:09 AM
See, the help's, in four pages, from ... http://www.tvmcalcs.com/calculators/hp10bii/hp10bii_page1
Note: In the bottom, you can go to next page and return
Have a nice day !.
@Maké (Technical Advisor Premium - HP Program Top Contributor).
Provost in HP Spanish Public Forum ... https://h30467.www3.hp.com/