HP 20b Business Consultant Financial Calculator Quick Start Guide For free training, visit www.hp.
Basic Features Legal Notices This manual and any examples contained herein are provided “as is” and are subject to change without notice. Hewlett-Packard Company makes no warranty of any kind with regard to this manual, including, but not limited to, the implied warranties of merchantability, noninfringement and fitness for a particular purpose.
Contents Legal Notices 2 HP 20b Business Consultant 4 1 Basic Features 6 2 Mathematical Calculations 20 3 Statistical Operations 34 4 Time Value of Money 40 5 Cash Flows 50 6 Business Problems 62 7 Bonds 68 8 Depreciation 74 9 Break-even 81 10 Warranty, Regulatory, and Contact Information 3 84
HP 20b Business Consultant HP 20b Business Consultant 4
HP 20b Business Consultant Keyboard Map Legend No. Feature Chapter(s) No.
Basic Features 1 Basic Features Welcome to the HP 20b Financial Calculator This guidebook is designed to get you started with your new 20b Financial Calculator. If you require more detailed information about calculator operation and features, please refer to the training materials available at: www.hp.com/go/calctraining. Turning the Calculator On and Off To turn on your calculator, press O. To turn it off, press :a. Turning the calculator off does not erase any data you have stored.
Basic Features 2. Press > repeatedly until English displays on the screen. 3. Press I until the desired language is displayed. The displayed language is the active setting. 4. Press O to return to the default calculator screen. For more information on accessing menus and changing calculator settings, refer to the section below titled, Accessing Menus. Adjusting the Display Contrast To adjust the brightness of the display, press and hold O while pressing the + or - keys.
Basic Features The top line of the screen displays operation status, operator symbols, annunciators, and abbreviations of the registers, variables, and menus. Throughout this manual, this line is referred to as the top line. In Figure 1-1, SIN and RPN on the far right are on the top line. The bottom line displays numbers you have entered, or results. Throughout this manual, this line is referred to as the bottom line.
Basic Features Table 1-1 Mode Menu Settings Setting Display Description FIX= 2 The current number of digits displayed to the right of the decimal point. Default is 2. Key in the number of digits you want and press I, or press = until the number of digits you want is displayed. Degree or The current angular mode in degrees or radians. Radian Default is Degree. Pressing I toggles between these options. Date: The current format for dates entered into menus: mm dd yyyy mm dd yyyy or dd mm yyyy.
Basic Features Table 1-1 Mode Menu Settings Setting Display Description Decimal or The current thousands separator. Decimal (1000.00 or Comma 1,000.00); Comma (1000,00 or 1.000,00). Default is decimal. Pressing I cycles through these options. Chain, The current operation mode. Algebraic, or Default is Chain. RPN Pressing I cycles through these options. English, The current language option. Français, Default is English. Deutsch, Pressing I cycles through these options.
Basic Features Changing the Operating Mode After viewing the default settings, suppose you want to change the operating mode from Chain to RPN. See Table 1-2. Table 1-2 Changing the Operating Mode Keys Display Description :u Opens the Mode menu, starting with first setting option, FIX=, the number of digits displayed to the right of the decimal point. <<<< < Scrolls to the current setting for the operating mode, Chain. (Press five times) II Selects RPN as the active (Press two times) setting.
Basic Features Table 1-2 Changing the Operating Mode Keys Display Description O Exits the Mode menu and returns you to the default calculator screen. Key Presses and the Shift : Key To activate a key, press and release the desired key. Most of the 20b's keys have two functions: the primary function and the shifted, or secondary function. The primary function is printed on the top of the key. The secondary function is printed on the bevel of the key.
Basic Features When : is active, the down arrow annunciator appears on screen, indicating that the next key pressed will execute the secondary function of the key. To cancel an accidental press of :, simply press : a second time. Key commands for example problems are provided throughout the text and in tables. Key symbols are placed in the order they are to be pressed, from left to right.
Basic Features Table 1-3 Annunciator Symbols Annunciator Symbol Small (=) symbol Status Indicates an item for which the = key is valid. This symbol appears on the upper right of the display screen. Battery power is low. BEG Begin mode is activated. STO Stores a number in memory. RCL Recalls stored numbers. RAD Radians setting is active. RPN RPN mode is active. 360 The 360-day calendar option is active. INPUT Input mode is activated.
Basic Features The I key is also used in Reverse Polish Notation (RPN) mode to enter a number on the stack or duplicate it. The = Key The = key is used at the end of a mathematical operation to calculate the final result. For example, 1+2= returns a final result of 3. The = key also allows you to request a calculation for the value of an item. This request only applies to items that can be calculated. For example, when you select the nominal interest rate (Nom.
Basic Features When an item for which the = key is valid displays, the small indicator (=) is displayed on the top line at the right of the screen. Do not confuse this small annunciator (=) with the larger annunciator (=) found to the right of a variable. Editing Entries and Clearing The On/CE O Key Pressing O one time cancels current number entries, mathematical operations, or a menu selection, in that order.
Basic Features are working in the Bond menu and you wish to reset all your entries in the Bond menu. From anywhere in the Bond menu, press :x. Bond displays on screen. At this prompt, pressing I resets the Bond menu and returns you to the last item you were working with in the Bond menu. Notes about Special Menus The Mode, Memory, Math and Reset menus are special menus, because when you exit them by pressing O, you return to the previous menu (if any).
Basic Features Accessing Menus and Menu Maps Many of the 20b's functions are located within menus. To access a menu, press the key, or shift key combination for the menu in which you wish to work. To exit a menu, press O. For example, to access the Break-even menu, press :!. Once opened, you can scroll through the items in the menu by pressing >< repeatedly. When you arrive at the last item in a menu, pressing < returns you to the first item.
Basic Features There are four types of menu items: 1. Read/write. Read/write menu items, such as Price= in the Breakeven menu shown above, are easily recognizable, because when they are selected, both the INPUT and small (=) annunciators are lit. When lit, these annunciators indicate that entering a number and pressing I will store the entered number in the displayed menu item.
Mathematical Calculations 2 Mathematical Calculations Mathematical Functions Mathematical functions are located: On keys, such as, +-*/ etc. On shifted, or secondary functions, such as, :p In the Math menu :s Number Entry and Display Numbers are entered by pressing: Numbered keys, 0-9 The decimal point . The } key The :w keys To correct a number entry, press {. Each press of { erases the last digit or symbol you entered.
Mathematical Calculations To enter a number in the display, press the digits successively. A number can have up to 12 digits. To change the sign of a number from positive to negative, press }. Use scientific notation to enter very large and very small numbers. For example, to enter the number 12345.12123 in scientific notation, first enter the mantissa, 12345, then press :w and enter the number representing the exponent, 123. The exponent must have a value between -499 and +499.
Mathematical Calculations For example, to calculate 1+ (2 x 3), you may enter the problem as written from left to right, with parentheses to prioritize the multiplication operation. See Table 2-1 below. Table 2-1 Simple Arithmetic Calculations in Chain Mode Keys Display Description 1+ (2*3) Sets operational priority, inputs numbers, and multiplies 2 and 3. = Adds 1 to 6 and returns 7.00 on the bottom line as the final result.
Mathematical Calculations First priority: the power function (y x) Second priority: combinations and permutations Third priority: multiplication and division Fourth priority: addition and subtraction For example, key in 1+2 x 5 nPr 2 2 in Algebraic mode by pressing: 1+2*5:b2:m=. The result is 241. Reverse Polish Notation (RPN) Mode To set the calculator in RPN mode, refer to the section titled, The Mode Menu: Setting Preferences.
Mathematical Calculations You do not need to enter parentheses to set the priority of your operations in RPN. Key in numbers and operations inside the parentheses first, followed by those outside of the parentheses. If a problem has more than one set of parentheses, start by working with the operations and numbers in the innermost parentheses and work out. For example, calculate: (3 + 4) x (5 + 6).
Mathematical Calculations Table 2-2 Simple Arithmetic Calculations in RPN Mode Keys Display Description * Continues the operation with the displayed results. = Validates the final result of 77. Note the absence of the (*) annunciator. One-Number Functions and the Math Menu The key presses for the one-number mathematical functions listed in Table 2-3 below apply to all modes, Chain, Algebraic, and RPN. To execute one-number functions: 1. Key in a number, x , into the display. 2.
Mathematical Calculations Note: before doing any trigonometric calculations in the Math menu, check whether the angle mode is set for degrees (Degrees) or radians (Radians). You can change the setting if the active mode is not what your problem requires. For more information on the Mode menu and calculator settings, refer to the section titled, The Mode Menu: Setting Preferences. Table 2-3 lists one-number functions along with their corresponding keys.
Mathematical Calculations Table 2-3 Shifted Function Mathematical Operations Keys Description :f Executes the Random function. Returns a random number in the range 0 < x <1. :g Calculates factorial of x (where 0 ≤ x ≤ 253). :h y x. Returns y to the x power. :i Reciprocal. :e Rounds x internally to the number specified by the display format. Default is two digits to the right of the decimal point. The Math :s Menu There are additional one-number functions available in the Math menu.
Mathematical Calculations Figure 2-2 The Menu Map for the Math Menu 28
Mathematical Calculations Press < to scroll through the menu items, starting with Trigonometry. The Trigonometry, Hyperbolic, and Probability items have sub-menus. Press I with an item displayed to access the functions within the sub menus. Press O to cancel the Math menu and return to current work. Press :s to return to the top of the Math menu. Using the Math menu, calculate Sin -1 (0.5). See Table 2-4. Table 2-4 Math Menu Example Keys Display Description .5I Enters 0.
Mathematical Calculations function, and continue calculating with your original operation without losing your work. Two-Number Functions Apart from +-*/, the three additional two-number functions accessible on the keyboard are: Yx nCr nPr Y x is the power function; nCr stands for the number of combinations of elements, r, among n, and nPr stands for the number of permutations of elements, r, among n.
Mathematical Calculations 3. Press 3=. The results are shown Figure 2-3. Figure 2-3 In RPN mode, key in the numbers first, followed by I, then press the function key. For example, for the power function example above, in RPN press: 15I3:h. Storing and Recalling Numbers EURO has ten calculation memories available for use during calculations. These memories are numbered from 0-9. To store numbers, press :$; to recall them, press L.
Mathematical Calculations 4. To recall a number, press L. With RCL displayed in the top line, key in the number of the memory you used. You can also perform operations to stored numbers. For example, press 5:$2 to store 5 in memory 2. To add 12 to the value of memory 2, press 12:$+2. Later on, during a calculation, you can press L2 to recall memory 2. Note how the new current value is 17, (5 +12). +-* and / are valid mathematical operations in the storage memories.
Mathematical Calculations Note: the FIX= setting only affects the display; it does not affect the actual numbers. Simple Percentages In Algebraic or Chain modes, pressing % divides a number by 100. For example, pressing 25% returns 0.25. To find a percentage of a given number, enter the number and multiply it by the desired percentage, followed by = to return the result. For example, to find 25% of 200, press 200*25%= to return a result of 50.
Statistical Operations 3 Statistical Operations Figure 3-1 The Menu Map for the Data and Statistics Menus 34
Statistical Operations Statistics operations require the use of two secondary function keys: :y and :z. See Figure 3-1 for assistance with navigating through the menus. Press :y to open the Data menu. In this menu, enter a list of x values for one-variable statistics, a list of pairs, (x, w) for weighted, one-variable statistics, or a list of paired values (x, y) for two-variable statistics. To enter data, key in a number and press I. Press :z to analyze the data.
Statistical Operations Sales for the last five months are represented by the pairs of values shown below, with the month number as x, and the sales values as y. Enter these into the Data menu. Using the Stats menu for Predictions, predict sales for month seven.
Statistical Operations Table 3-2 Statistics Example Keys Display Description 1I1 50I Inputs current values for X(1) and Y(1). Displays current value for X(2). 2I1 65I Inputs current values for X(2) and Y(2). Displays current value for X(3). 3I1 60I Inputs current values for X(3) and Y(3). Displays current value for X(4). 4I1 75I Inputs current values for X(4) and Y(4). Displays current value for X(5). 5I1 70I Inputs current values for X(5) and Y(5). Displays current value for X(6).
Statistical Operations Table 3-2 Statistics Example Keys Display Description < Opens Descriptive submenu. I<< Displays current value for y average. :z<< I Opens Predictions sub-menu < Scrolls to current value of starting with Linear. Prediction X. 7I Inputs current value for Prediction X (month). <= Calculates predicted Y value (sales). < Displays current value for slope. < Displays current value for yintercept.
Statistical Operations Table 3-2 Statistics Example Keys Display Description < Displays current value for Correlation. :z<<
Time Value of Money 4 Time Value of Money The examples in the following sections are calculated with the Mode menu preferences in their default settings, unless otherwise noted. For more information about basic features and setting preferences, see Chapter 1, Basic Features. :& DWN NOM%= DWN EFF%= DWN P/YR= Figure 4-1 The Menu Map for the Interest Conversion Menu Interest Conversion Menu To open the Interest Conversion menu (Iconv) press :&.
Time Value of Money Table 4-1 Interest Conversion Menu Items Item Description Nom%= The stated annual interest rate compounded periodically, such as 18% compounded monthly. Eff%= The rate, that compounded only once, that is, annually, would produce the same final value as the nominal rate. P/YR= Payments or compounding periods per year. Default is 12. Using the Iconv menu, find the effective rate of a 36.5% nominal rate compounded daily. See Figure 3-1 for help with navigating through the menu.
Time Value of Money Table 4-2 Interest Rate Conversion Example Keys Display > Description Scrolls to payments per year, P/YR. Default value is 12. 365 I Inputs 365 as the current value for the number of compounding periods or payments per year. >= Scrolls to the variable for the effective rate, Eff%=. Returns the effective rate. A 36.5% nominal rate compounded daily equals an effective rate of 44.03%.
Time Value of Money To input current data, enter a number followed by the TVM key for the required item. To calculate an unknown value, enter all known values and press the key of the item you want solved. For a TVM example, see Table 4-4. Table 4-3 TVM Keys Keys Description N Stores or calculates the number of payments or compounding periods (N). ^ Multiplies a value by the number of payments per year and stores as N. Y Stores or calculates the nominal annual interest rate as a percentage.
Time Value of Money Table 4-3 TVM Keys Keys Description F Stores or calculates the future value (FV), a final cash flow. FV always occurs at the end of the last compounding period. ? Sets Begin mode (Beg). Payments occur at the beginning of each compounding period. ] Sets End mode (End). Payments occur at the end of each compounding period. You borrow $140,000.00 from a credit union for 30 years (360 months) at 6.5% annual interest, compounded monthly.
Time Value of Money Table 4-4 TVM Example Keys Display Description 360 N Inputs 360 as the current value for the 6.5 Y Inputs 6.5 as the current value for the 1400 00V Inputs the present value of the loan at number of payments over 30 years. interest rate percentage per year. the time of the first payment. This value is positive (+); it is money you receive. 0F Inputs the future value of the loan (or remaining balance) as 0. M Returns the monthly payment.
Time Value of Money The Amortization menu calculations are based on values stored in the following TVM keys: N, Y, V, M and [. To enter current data for the TVM keys, enter a number followed by the key for the required item. To reset the variables to their default values, from anywhere in the A menu, press :x. With TVM displayed, press I. At the TVM Reset prompt, press I or O. For an amortization example, see Table 4-6.
Time Value of Money Table 4-5 Amortization Menu Items Menu Item/Key Description Nb Per= Number of periods to group together in the amortization calculation. The default value is the number of payments per year defined by the [ key. Start= Period on which to start amortization. Default is 1. If you want to amortize for the 2nd year, enter 13 (the second year starts at the 13th payment). Balance= The loan balance at the end of the assigned amortized period.
Time Value of Money Table 4-6. The example below is shown with RPN as the active operating mode. Table 4-6 Amortization Example Keys Display Description 12: Inputs current value of payments per [ year as 12. 30: Inputs 360 (30 times 12 payments per ^ year) as the current value for the number of payments for the 30-year loan. 10Y Inputs 10 as the current interest rate percentage per year. 1400 00V 0F Inputs the current present value of the loan at the time of the first payment.
Time Value of Money Table 4-6 Amortization Example Keys A Display Description Displays the current period of amortization in months. Default is 12. < Displays the number of the starting payment in first period to amortize. < Displays the current balance remaining after the first year. < Displays the current amount of principle applied towards the loan for the first year. < Displays the amount of interest paid on the loan for the first year.
Cash Flows 5 Cash Flows Figure 5-1 Cash Flow Diagram A cash flow list is a set of numbered pairs, CF(n) and #CF(n), where n is the index of the cash flow list. Each pair represents a single cash flow. CF(n) represents the monetary value of the cash flow; #CF(n) is the number of consecutive occurrences of that cash flow. By default, #CF(n) is equal to 1, as most cash flows occur only once.
Cash Flows repeated multiple times in a list, using #CF(n) instead of entering the cash flow value multiple times can save you time and memory space in the calculator. To enter a cash flow list, press C to open the cash flow menu. For each cash flow item, enter the cash flow followed by I; then enter the number of occurrences followed by I. If a cash flow occurs once, you do not need to type 1I; you can simply press I, as 1 is the default.
Cash Flows Table 5-1 Cash Flow Keys Key Description I Inputs current values to variables in the cash flow list as well as the Net Present Value (NPV) and Internal Rate of Return (IRR) menus. >< Scrolls up and down. o Inserts cash flows into a cash flow list. j Removes cash flows from a cash flow list. RP Opens internal rate of return (IRR) and Net Present Value (NPV) menus. After an initial investment of $80,000.00, you expect returns over the next five years as follows: cash flow 1, $5,000.
Cash Flows Table 5-2 Cash Flow Example Keys Display Description C Opens the cash flow list starting with the current value of the initial cash flow, CF(0). 8000 0} Keys in -80000 as the value of the initial cash flow. Note: the sign of the cash outflow is negative. I Inputs the current value of -80000 for CF(0). Displays the current value, 1, for the frequency of CF(0). I Inputs the current value of 1 for the frequency of CF(0). Displays the current value of CF(1).
Cash Flows Table 5-2 Cash Flow Example Keys Display Description I Inputs the current value of CF(1) as 5000. Displays the current value,1, for the frequency of CF(1). I Inputs the current value of 1 for the frequency of CF(1). Displays current value of CF(2). 4500 Keys in 4500 as the current value of CF(2). I Inputs the current value of CF(2) as 4500. Displays the current value, 1, for the frequency of CF(2). I Inputs the current value of 1 for frequency of CF(2).
Cash Flows Table 5-2 Cash Flow Example Keys Display Description I Inputs the current value of CF(3) as 0. Displays the current value, 1, for the frequency of CF(3). I Inputs the current value of 1 for the frequency of CF(3). Displays the current value of CF(4). 4000 Keys in 4000 as the current value of CF(4). I Inputs the current value of CF(4) as 4000. Displays the current value, 1, for the frequency of CF(4). I Inputs the current value of 1 for the frequency of CF(4).
Cash Flows Table 5-2 Cash Flow Example Keys Display Description I Assigns the current value of CF(5) as 5000. Displays the current value, 1, for the frequency of CF(5). 5 Keys in 5 as the current value for the frequency of CF(5). I Inputs the current value of 5 for the frequency of CF(5). Displays the current value of CF(6). 11500 0 Keys in 115000 as the current I Inputs the current value of CF(6) value of CF(6). as 115000. Displays the current value, 1, for the frequency of CF(6).
Cash Flows Analyzing Cash Flows The various functions used to analyze cash flows are located in the NPV P and IRR R menus. If you press R or P before entering cash flows, you will be redirected to the cash flow menu to enter values into the cash flow list. The menu maps for the IRR and NPV menus are shown in Figure 5-2. Table 5-3 describes the items within these menus.
Cash Flows Figure 5-2 The Menu Map for the NPV and IRR Menus 58
Cash Flows Table 5-3 NPV and IRR Menu Items Item Description Inv. I%= Investment or discount rate. Enter the investment rate or discount rate for the cash flow followed by I. Net PV= Net present value. Returns the value of the cash flows at the time of the initial cash flow, discounting the future cash flows by the value set for Inv. I%. Net FV= Net future value. Returns the value of the cash flows at the time of the last cash flow, discounting the earlier cash flows by the value set for Inv. I%.
Cash Flows Table 5-3 NPV and IRR Menu Items Item Description Total= The sum of all the cash flows, equivalent to NPV if Inv. I% is 0. RIRR%= Internal rate of return. This is the discount rate for the cash flow that returns a Net Present Value of 0. See Table 5-4 for an example of the NPV and IRR functions using the cash flow example in Table 5-2. Press P and R to open the menus. At Inv. I%, key in a number followed by I. Scroll through the menus by pressing > or < repeatedly.
Cash Flows Table 5-4 NPV and IRR Example Keys Display < < < << Description Scrolls to current value for NFV. Scrolls to current value for Net US. Scrolls to current value for Payback. Scrolls to current value of cash flow total. R Returns current value for IRR. Editing Cash Flows In the cash flow list, you can view and modify the current values of a specific cash flow, or cash flows. Press > or < repeatedly to scroll through the list.
Business Problems 6 Business Problems Figure 6-1 The Menu Map for the Percent Calculation (%calc) Menu Press :# to open the menu. There are four items in this menu: markup as a percentage of cost (Mkup. %C ), markup as a percentage of price (Mkup. %P ), percent change (%Change ), and part as a percentage of total (Part%Tot. ). These items allow you to access sub-menus.
Business Problems scroll to the item you require. Press I with a menu item displayed to access its-sub menu. To enter data in the sub-menus, select the appropriate menu item, key in the number, and press I. Press > or < to select the menu item you need solved and press = to calculate it. To return to the menu items from within a sub-menu, press O. Note: for business problems using 20b, margin is based on price; markup is based on cost.
Business Problems Table 6-1 Markup Example Keys Display Description 15I Inputs 15 as the current value for cost. < Scrolls to Price= and displays the current value. 22I Inputs 22 as the current value for price. < Scrolls to Mkup.%C variable. Note the (=) symbol. Displays the current value of markup. = Returns result of 46.67 for markup. 2. Find the percent change between 20 and 35 with no compounding.
Business Problems Table 6-2 Percent Change Example Keys Display Description :# Opens the %calc menu starting with Mkup.%C. <<< Scrolls to %Change. I Displays the current value for Old=. 20I Inputs 20 as the current value for Old=. < Displays the current value for New=. 35I Inputs 35 as the current value for New=. < Displays the current value for %Change=. Note: the (=) symbol. = Calculates the current value for %Change=.
Business Problems 3. What is 30% of 80? Table 6-3 Part % of Total Example Keys Display Description :# Opens the %calc menu starting with Mkup.%C. << Scrolls to the Part %Tot. menu item. I Displays the current value for Total=. 80I Inputs 80 as the current value for Total=. < Scrolls to the current value of Part=. 30I Inputs 30 as the current value for Part=. < Scrolls to the current value for Part % Tot.=. Note the (=) symbol.
Business Problems Table 6-3 Part % of Total Example Keys Display Description = Calculates the current value of Part % Tot.=. 30 is 37.50% of 80.
Bonds 7 Bonds Figure 7-1 The Menu Map for the Bond Menu Before you enter the Bond menu, be sure to check that the date format is set in the format required for your problem. The default setting is mm.dd yyyy, but it can be set for dd.mm yyyy. Bond day counts (360/365) and annual or semiannual coupon payment schedules may be set from either the Mode menu or the Bond menu. For more information on setting the preferences in the Mode Menu, see the section titled, The Mode Menu: Setting Preferences.
Bonds Press > or < repeatedly to scroll through the items shown in Figure 7-1. I. Press > or < repeatedly to scroll to an unknown item, and press = to To input current data, with an item displayed, key in a number and press calculate it. To reset the values to their default values, from anywhere in the Bond menu, press :x. With Bond displayed, press I to reset the menu or O to cancel. Press O again to exit the menu. Table 7-1 lists the items in the Bond menu.
Bonds Table 7-1 Bond Menu Variable Description Call= Call value. Default is set for a call price per $100.00 face value. A bond at maturity has a call value of 100% of its face value. Note: Input only. Yield%= Yield% to maturity or yield% to call date for given price. Note: Input/Output. Price= Price per $100.00 face value for a given yield. Note: Input/Output. Accrued= Interest accrued from the last coupon or payment date until the settlement date for a given yield. Note: Input/Output.
Bonds Table 7-2. The example below is shown with RPN as the active operating mode. Table 7-2 Bond Calculation Example Key Display Description B Opens the Bond menu starting with the current settlement date. > Scrolls to bond coupon (payment) frequency. I Selects semiannual coupon payment, as required by the example. < Inputs semiannual coupon payment and returns to the current settlement date. 4.28 2010 I Inputs the current settlement date in mm.ddyyyy format.
Bonds Table 7-2 Bond Calculation Example Key Display Description < Displays the current maturity date in mm.ddyyy format. 6.04 2020 I Inputs the current maturity date. < Displays the current value for Note: 4 in the display represents the day of the week. CPN%=. 6.75 I Inputs 6.75 as current value for < Displays current call value. Default CPN%=. is 100. Note: if Call= requires another value, key in the number followed by I. < Displays the current value of Yield%=. 4.75 I Inputs 4.
Bonds Table 7-2 Bond Calculation Example Key Display Description < Displays the current value for Price=. = Calculates the current value for Price=. :$1 Stores 115.89 in memory 1. < Displays the current value for accrued interest. :$2 Stores 2.69 in memory 2. OL1+ L2= Returns the result for total price (value of price + value of accrued interest). The net price you should pay for the bond is $118.58.
Depreciation 8 Depreciation Figure 8-1 The Menu Map for the Depreciation Menu Press :\ to open the Depreciation menu. Press I to cycle through the depreciation methods. With a depreciation method displayed, press > or < repeatedly to view the items of the sub-menu. a number and press I. To enter current data, key in To reset the Depreciation menu, press :x. With Depreciation displayed, press I to reset the menu or O to cancel. Press O again to exit the menu.
Depreciation Brief descriptions of the methods used to calculate depreciation are provided in Table 8-1. Table 8-2 describes the items found in the depreciation sub-menus. For an example calculating depreciation using the straight-line method, see Table 8-3. Table 8-1 Depreciation Methods Depreciation Method Sline Description Straight line is a method of calculating depreciation presuming an asset loses a certain percentage of its value annually at an amount evenly distributed throughout its useful life.
Depreciation Table 8-1 Depreciation Methods Depreciation Method DecBal Description Declining balance is an accelerated depreciation method that presumes an asset will lose the majority of its value during the first few years of its useful life.
Depreciation Table 8-2 Depreciation Menu Items Item Description Life= The expected useful life of the asset in whole years. Start= Start refers to the date or month in which the asset is first placed into service. Depending on the type of depreciation, this can be the month, or the actual date in mm.dd format. Cost= The depreciable cost of the asset at acquisition. Salvage= The salvage value of the asset at the end of its useful life.
Depreciation Table 8-2 Depreciation Menu Items Item Description Factor= The declining balance factor as a percentage. This is used for declining balance and declining balance crossover methods only. A metalworking machine, purchased for $10,000.00, is to be depreciated over five years. Its salvage value is estimated at $500.00. Using the straight-line method, find the depreciation and remaining depreciable value for each of the first two years of the machine's life. See Table 8-3.
Depreciation Table 8-3 Straight Line Depreciation Example Key Display Description < Displays the current value of Start=. 1 is the default value. < Displays the current value for Cost=. 1000 0I Inputs the current value for cost as < Displays the current value for 10,000.00. Salvage=. 500I Inputs the current value for salvage as 500.00. < Displays the current year of the depreciation. 1 is the default value. < Displays the current depreciation amount after year 1.
Depreciation Table 8-3 Straight Line Depreciation Example Key Display Description < Displays the current remaining depreciable value after year 1. < Displays the current year of the depreciation. < Displays the current depreciation amount after year 2. < Displays the current remaining book value after year 2. < Displays the remaining depreciable value after year 2.
Break-even 9 Break-even Figure 9-1 The Menu Map for the Break-even Menu Press :! to open the Break-even menu. Starting with Fixed=, input known data by entering a number and pressing I. Scroll to the unknown variable by pressing > or < repeatedly. Press = to calculate it. To reset the Break-even menu, from anywhere in the menu press :x. With BrkEven displayed, press I to reset the menu or O to cancel. Press O again to exit the menu. The sale price of an item is $300.00, the variable cost price is $250.
Break-even Table 9-1 Break-even Example Keys Display Description :! Opens the Break-even menu starting with the current value for fixed costs. 1500 00I Inputs the current value for fixed < Displays the current vale for Cost=. 250I Inputs the current value for cost as costs as 150,000.00. 250.00. < Displays the current value for Price=. 300I Inputs the current value for price as 300.00. < Displays the current value for Profit=. I Inputs the current value for profit as 0.
Break-even Table 9-1 Break-even Example Keys Display Description < Displays the current value for Quantity=. = Calculates the current value for the unknown item. 3000 units would have to be sold to return a 0% profit.
Warranty, Regulatory, and Contact Information 10 Warranty, Regulatory, and Contact Information Replacing the Batteries Use only fresh batteries. Do not use rechargeable batteries. EURO takes two, 3volt CR2032 lithium batteries. To install a new battery: 1. With the calculator turned off, slide the back cover off. 2. Remove the old batteries. 3. Insert new batteries, with the positive polarity symbol facing outward. 4. Replace the back cover.
Warranty, Regulatory, and Contact Information HP warrants to you, the end-user customer, that HP hardware, accessories and supplies will be free from defects in materials and workmanship after the date of purchase, for the period specified above. If HP receives notice of such defects during the warranty period, HP will, at its option, either repair or replace products which prove to be defective. Replacement products may be either new or likenew.
Warranty, Regulatory, and Contact Information TO THE EXTENT ALLOWED BY LOCAL LAW, THE REMEDIES IN THIS WARRANTY STATEMENT ARE YOUR SOLE AND EXCLUSIVE REMEDIES. EXCEPT AS INDICATED ABOVE, IN NO EVENT WILL HP OR ITS SUPPLIERS BE LIABLE FOR LOSS OF DATA OR FOR DIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL (INCLUDING LOST PROFIT OR DATA), OR OTHER DAMAGE, WHETHER BASED IN CONTRACT, TORT, OR OTHERWISE.
Warranty, Regulatory, and Contact Information Regulatory Information Federal Communications Commission Notice This equipment has been tested and found to comply with the limits for a Class B digital device, pursuant to Part 15 of the FCC Rules. These limits are designed to provide reasonable protection against harmful interference in a residential installation.
Warranty, Regulatory, and Contact Information Declaration of Conformity for Products Marked with FCC Logo, United States Only This device complies with Part 15 of the FCC Rules. Operation is subject to the following two conditions: (1) this device may not cause harmful interference, and (2) this device must accept any interference received, including interference that may cause undesired operation.
Warranty, Regulatory, and Contact Information European Union Regulatory Notice This product complies with the following EU Directives: • Low Voltage Directive 2006/95/EC • EMC Directive 2004/108/EC Compliance with these directives implies conformity to applicable harmonized European standards (European Norms) which are listed on the EU Declaration of Conformity issued by Hewlett-Packard for this product or product family.
Warranty, Regulatory, and Contact Information Japanese Notice Disposal of Waste Equipment by Users in Private Household in the European Union This symbol on the product or on its packaging indicates that this product must not be disposed of with your other household waste. Instead, it is your responsibility to dispose of your waste equipment by handing it over to a designated collection point for the recycling of waste electrical and electronic equipment.
Warranty, Regulatory, and Contact Information Table 10-1 Contact Information Country/Region Contact Africa (English) www.hp.com/support Africa (French) www.hp.
Warranty, Regulatory, and Contact Information Table 10-1 Contact Information Country/Region Contact Colombia 01-8000-51-4746-8368 Costa Rica 0-800-011-0524 Czech Republic 296 335 612 Denmark 82 33 28 44 Ecuador 800-711-2884 El Salvador 800-6160 Finland 09 8171 0281 France 01 4993 9006 Germany 069 9530 7103 Greece 210 969 6421 Guatemala 1-800-999-5105 Honduras 800-711-2884 Hong Kong 852 2833-1111 Hungary www.hp.
Warranty, Regulatory, and Contact Information Table 10-1 Contact Information Country/Region Contact India www.hp.com/support/india Indonesia +65 6100 6682 Ireland 01 605 0356 Italy 02 754 19 782 Japan 81-3-6666-9925 Korea www.hp.com/support/korea Malaysia +65 6100 6682 Mexico 01-800-474-68368 Middle East International www.hp.
Warranty, Regulatory, and Contact Information Table 10-1 Contact Information Country/Region Contact Paraguay (009) 800-541-0006 Peru 0-800-10111 Philippines +65 6100 6682 Poland www.hp.
Warranty, Regulatory, and Contact Information Table 10-1 Contact Information Country/Region Contact Switzerland (Italian) 022 567 5308 Taiwan +852 2805-2563 Thailand +65 6100 6682 Turkey www.hp.
