Well, now that we know 4 out of the 5 components we can simply plug them in and solve for N, which is 10 years. The 10bii Financial Calculator is powerful enough for the professional but accessible enough for everyone. So, now we know 4 out of the 5 time value of money components and we can easily solve for the 5th unknown interest rate component, which turns out to be 6. The clear all function will immediately clear out all of your prior work so you can start a new problem with a clean slate.

As you work through different problems on your financial calculator, one of the easiest ways to make a mistake is to not clear out your existing work from other problems. The time value of money keys are located along the top of the calculator and correspond to the 5 components of all time value of money problems (N, I, PV, PMT, and FV).We’ll discuss everything you need to know about getting started, we’ll cover some routine calculations, and we’ll also tackle some common mistakes and misconceptions. For a more in depth look at the logic and intuition behind the time value of money, check out What You Should Know About The Time Value of Money.

Notice the gold text on the ON button, which indicates this is a secondary function for the same button that needs to be preceded by the Gold key. The part number and physical appearance of model 2 didn't change except for a "Rev 2" plate on the bottom side. Now that we have a general feel for how the financial calculator is organized, let’s go over some frequently used functions and useful settings you should understand.However, this does not auto-adjust the N and PMT components (you still have to do this manually), which makes this function cause more problems than it’s worth. To solve for the number of periods, let’s take another variation of the present value problem above. The 10bii Financial Calculator's keypad has been specially designed to be easy to use and easy to see. But first, lets discuss how to avoid a common mistake people make when using a financial calculator. It allows you to easily calculate loan payments, interest rates, amortization, time value of money, investment value, and more using a combination of powerful and intuitive equation-writing functionality and helpful worksheets.

All you have to do is use the ON Button to turn it on or the Gold Key first then the ON button to turn it off. This is one of the newer and most popular Texas Instrument financial calculators and is also widely used in business schools and the finance industry. To use the M register, simply input or calculate a number, then hit the M register key as show below. To solve this problem simply identify the 4 known components and then use the HP 10BII financial calculator to find the 5th unknown component.The HP 10BII makes this easy with a dedicated plus and minus ( + / – ) sign key, which toggles the sign of an inputted number.