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Archived This topic has been archived.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.
F10bii
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Message 1 of 3
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10bii Future Value and Present Value wrong answers

HP Recommended

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
BartdB
Level 9
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Message 2 of 3
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HP Recommended

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
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Maké
Level 9
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Message 3 of 3
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HP Recommended

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/
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