Hewlett-Packard 10B Tutorial
Page 5
Next, enter the data.
3
N
26
I/YR
100
PV
0
(Optional if registers are cleared.)
PMT
To determine the FV simply press
and the FV of -$200.04 is displayed.
FV
The HP is programmed so that if the PV is + then the FV is displayed as - and vice versa, because the HP
assumes that one is an inflow and the other is an outflow. When entering both PV and FV, one must be
entered as negative and the other as positive.
Example 2:
What is the PV of $500 due in 5 years if the interest rate is 10 percent? Clear first and then enter the
following data.
5
N
10
I/YR
0
(Optional if registers are cleared.)
PMT
500
FV
Pressing the
key reveals that $310.46 will grow to $500 in 5 years at a 10 percent rate.
PV
Example 3:
Assume a bond can be purchased today for $200. It will return $1,000 after 14 years. The bond pays
no interest during its life. What rate of return would you earn if you bought the bond?
14
N
200
(The
key changes the sign.)
+/-
PV
+/-
0
PMT
1000
FV
