HP 10BII Owner's Manual

Also see for 10bII: Quick reference guide User guide Owner's manual Instruction guide Instruction guide

First BankKeys:Display: Description:(Gone c]6.70Storesnominalrate.(Om5]4.00Stores quarterlycompoundingperiods.SES6.87Calculatesannualeffectiverate.SecondBank(оја/о/ејаст]6.65Storesnominalrate.CQ12.00Storesmonthlycom-poundingperiods.Qe6.86Calculatesannualeffectiverate.ThirdBank(GC6.63Storesnominalrate.GXeXo)De360.00Storescompoundingperiods.Qe6.85Calculatesannualeffective rate.FirstBankoffersa slightlybetterdeal since 6.87isgreater than6.86and6.85.Compounding and Payment Periods DifferThe TVM application assumes that the compoundingperiods and the payment periods are the same. Some loaninstallments or savings deposits and withdrawals do notcoincide with the bank’s compounding periods. If thepayment period differs from the compounding period,adjust the interest rate to match the payment periodbefore solving the problem.5: Time Value of Money Calculations 73