Calculating the net present value (NPV) and/or internal rate of return (IRR) is virtually identical to finding Note: There was no need to actually re-enter all of those cash flows. I had kept two of the calculators… in class. You can now press the Exit key twice and return to the CFLO menu Most keys on the 17BII have two functions: a key’s primary function is noted in white on the key itself, while each key’s secondary function is noted in gold above the key. except that the discount rate is not necessary. About Us • Pillars of Wall Street provides real-world financial training for new and seasoned professionals, as well as university students • Founded by experienced financial instructors who are also former Suppose that you have $100 to invest for a period of 5 years at an interest rate of 10% per year. What's in the Box Calculator, batteries, user guide, leather carrying case, instructions, warranty information If you had used the up arrow key (two keys above the shift key, not one of the All we need to do is enter the cash Solving for the IRR is done exactly the same way, 10 into N, 9 into I%YR, and 1000 (cash inflow) into PMT. The HP 17BII is a fairly easy to use financial calculator which will serve you well in all finance The order in which the numbers are entered does not matter. Had you entered 0.10, the future value would have come Now to find the future For a complete list of functions, refer to the user’s guide. wish to display (typically at least 4). One other adjustment is important. you enter numbers. value) key to see that the future value is $1,762.6575. Any of the variables in this problem can be changed without needing to re-enter all of the data. In addition to the previously mentioned financial keys, the 17B also has a menu to handle a series of uneven out to 100.501 -- obviously incorrect. Enter the numbers into the appropriate keys: Tuesday, January 17, 2006. Now press PV to solve for the present value. IRR? Our objectives here is not to teach you mathamatics as there are already a number of good math oriented site on the net. Before we get started, we need to correctly set up the calculator. In this problem, the $100 is the present value (PV), N is 5, and I/Y is 10%. to make sure that the financial registers (each key is nothing more than a memory register) are clear. the memory. For now, make sure each #TIMES prompt is set to 1 as you enter your cash flows. To change the display, press the DSP (display) key, choose FIX, and then enter the number of decimal places you To fix this problem we need to navigate through the menus a bit. The HP 17bII+ financial calculator has a built-in memory of 28K and power-off memory protection. We could solve this problem by finding the present value of each of these cash flows individually and then the loan immediate after receiving the last payment. It offers your choice of German, French, English, Spanish, Italian, or Portuguese language operation and a one-year warranty. Well, the compounding assumption is hidden from view and in my experience people tend to forget to set it to the correct assumption. Welcome to the hp 17bII+ The hp 17bII+ is part of Hewlett-Packard’s new generation of calculators: The two-line display has space for messages, prompts, and labels. Any modifications Hewlett-Packard could void the authority to operate the 17bII+ in these regions. Use the Input key to enter the numbers. menu it was prompting you to enter cash flow 6. calculators, there is no single key to do this. This tutorial will demonstrate how to use the financial functions To find the NPV or IRR, first clear the cash flow registers and then enter -800 into FLOW (0), then enter the remaining What is the NPV? Note that you can easily change the interest rate by simply re-entering it and then solving again for the NPV. courses. On the 17B, however, all we need to do is to press the NFV (net future This is because the calculator math on the 17B. to handle basic time value of money problems. • To subtract a percent, enter the figure, press [-], enter the percentage and press [%] [=]. HP 17BII Tutorial The HP 17BII is a fairly easy to use financial calculator which will serve you well in all finance courses. cash flows. The answer is However, it is probably better to set it to assume annual compounding and then make manual adjustments when menu keys), you could have scrolled back to cash flow 0 and entered -800. Suppose that you are offered an investment which will pay the following cash flows at the end of each In this case, we have a 4-variable problem and and the frequency of those cash flows. to the correct assumption. Any modifications Hewlett-Packard could void the authority to operate the 17bII+ in these regions. This time, you'll press the IRR key to find that the IRR is 19.5382%. In this case we need to press Shift The pages of the HP 17bII+ Financial Calculator User’s Guide are included for reference. For a complete list of functions, refer to the user’s guide. All three have failed in the same way. All This section contains information that shows how the hp 17bII+ Financial calculator complies with regulations in certain regions. monthly compounding. This section contains information that shows how the hp 17bII+ Financial calculator complies with regulations in certain regions.