cancel
Showing results for
Search instead for
Did you mean:

### Note on archived topics.

This topic has been archived. Information and links in this thread may no longer be available or relevant.
If you have a question create a new topic by clicking here and select the appropriate board.
New member
1 0 0 0
Message 1 of 3
2,890
Flag Post
HP Recommended

# 10bii Future Value and Present Value wrong answers

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?

2 REPLIES 2
Level 9
970 953 119 185
Message 2 of 3
2,869
Flag Post
HP Recommended

## 10bii Future Value and Present Value wrong answers

Hi,

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.

Regards.

EDIT: you will get the expected answer with P/YR set to 1. i.e.interest is compounded annually.

-Bart
_________________________________________________________
calculator enthusiast
Highlighted
Level 9
3,551 3,490 180 536
Message 3 of 3
1,136
Flag Post
HP Recommended

## 10bii Future Value and Present Value wrong answers

Hi!, @F10bii:

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

Kind Regards !.
Have a nice day !.
@Maké (Technical Advisor Premium - HP Program Top Contributor).
Provost in HP Spanish Public Forum ... https://h30467.www3.hp.com/

### Note on archived topics.

This topic has been archived. Information and links in this thread may no longer be available or relevant.
If you have a question create a new topic by clicking here and select the appropriate board.
† 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