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Amazon hp 10bii financial calculator
Amazon hp 10bii financial calculator








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amazon hp 10bii financial calculator

The I/year is based on one year, if you use P/Year = 1 the your amount your Interest Rate of I/year match to the year. N get the meaning from P/Year: P/Year = 12 then N = 5 means five month or Last for first: P/Year = 1 You are calculating the interest rate in a year one time, =12 every month, = 365 every day P/Year = How often in a year the Interest Rate calculated (and added/subtracted to the loan). Your second post seems to me, that you probably don't understand the game of the three variables: This should give you the correct result.Ĭyrille gave you the right advise.

amazon hp 10bii financial calculator

What you need to do is change the number of payements per year to 1 (and you might also need to change the number of compounding per year to 1, but I am not sure, and I do not have a 10BII+ in front of me to test). Simlply changing N in 24 will not help because you would be doing calculations based on a nominal interest rate (10%), which correspond to an effective interest rate of 10.47%! So you need to be carefull of this issue. Ie: I/YR and N work on different units of time. The problem is that the calculator (like all other financial calculators) is setup to do calculations based on a Nominal and Anual interest rate (based on 12 compounding per year), and 12 payements per year (which N is). The exercise that you are trying to solve (I think, based on the expected result) is for the Future value of an investmenet of 100, at 10% annual, effective interest rate, for a period of 2 years (which is 121). Your calculator is correct, the Future value of an investmenet of 100, at 10% annual, nominal interest rate, for a period of 2 month is 101.67.

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    amazon hp 10bii financial calculator

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    Amazon hp 10bii financial calculator