When solving for time value of money problems it’s critical that the frequency of the N, I, and PMT components match.

As an aside, both the HP 10BII and the TI BA2 Plus have excellent emulator apps for iOS and Android devices. HP also produces the HP 10BII+ which includes some minor improvements and some more advanced functionality such as probability distribution calculations. As with the cosmetic variants of the original 10B, these two variants also appear to have identical functionality. To solve for the number of periods, let’s take another variation of the present value problem above. 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.For instance, the keyboard layout is different, with two separate shift keys, and the available numbered-storage registers is reduced from 15 to 10. 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. 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. 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.

When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. The successor HP 10BII (F1902A), which was introduced in 2001, has both cosmetic and architectural changes from its predecessor.The 10bii Financial Calculator's keypad has been specially designed to be easy to use and easy to see. If you look closely at the other keys on the financial calculator you’ll notice that they have white letters, gold letters, and purple letters.