Hp 20B User Manual

HP 20b Business ConsultantFinancial Calculator ManualFor free training, visit www.hp.com/go/calctrainingHP part number: F2219-90201First edition: Augu

Basic Features10Table 1-1 Mode Menu SettingsSetting (top line) DescriptionEnglish, Français,Deutch, or EspañolLanguage setting for the messages displa

Basic Features11Key Presses and the Secondary Function : KeyTo execute the function associated with a key, press and release the desired key. Most of

Basic Features12Figure 3 Annunciator Symbols in the Screen DisplayThe I KeyThe I key is used to input values for variables and execute menu items.The

Basic Features13When an item for which the = key is valid displays, the small annunciator (=) is displayed on the top line at the right of thescreen.

Basic Features14For more information about storing and recalling numbers, refer to the section titled,Storing and Recalling NumbersinChapter 2.The Cas

Basic Features15In this manual, diagrams calledMenu Mapsare included at the beginning of each section to assist you with navigatingthrough the menus u

Mathematical Calculations162 Mathematical CalculationsMathematical FunctionsMathematical functions are located: On keys, such as, +-*/, etc. On shif

Mathematical Calculations17Chain ModeCalculations in Chain mode are interpreted in the order in which they are entered. For example, entering the foll

Mathematical Calculations18For example, key in 1+ 2 x 5 nPr22in Algebraic mode by pressing:1+2*5:b2:m=. The result is 241.Note: the calculator is limi

Mathematical Calculations19When an operation is performed on the stack, addition (+)for instance, the calculator "pops" or moves the two num

Legal Notices2Legal NoticesThis manual and any examples contained herein are provided “as is” and are subject to change without notice. Hewlett-Packar

Mathematical Calculations20Table 2-2 Last NumberKeys Display Description+:d/Adds 1.23 and 56.123, then divides the sum by thelast number, 56.123. Retu

Mathematical Calculations21Table 2-3 Simple Arithmetic Calculations in RPN ModeKeys Display Description RPN Stack*Finishes the operation anddisplays t

Mathematical Calculations22Figure 6 The RPN Stack and the Roll Down OperationPressing ) performs aswap. A swap operation exchanges the numbers on Leve

Mathematical Calculations23For example, to calculate6, press 6:n. The result of2.45is calculated immediately and displayed on thebottom line. The squa

Mathematical Calculations24Figure 8 The Menu Map for the Math MenuPress < to scroll through the menu items, starting withTrigonometry.TheTrigonomet

Mathematical Calculations25Table 2-5 Math Menu ExampleKeys Display Description.5I:sEnters 0.5 and opens the Math menu starting withTrigonometry.I<S

Mathematical Calculations262. Type the number for which you want to calculate the probability, or, for the inverse, the probability for whichyou want

Mathematical Calculations27 nCr nPrYxis the power function,nCrstands for the number of combinations ofnitems takenrat a time, andnPrstands for thenu

Mathematical Calculations28press L2 to recall memory 2. Note how the new current value stored in memory 2 is17, (5 +12). +-* and/ are valid mathematic

Mathematical Calculations29To find a percentage of a given number, enter the number and multiply it by the desired percentage, followed by =. Forexamp

Contents3ContentsLegal NoticesRevision History...

Time Value of Money303 Time Value of MoneyThe examples in the following sections are calculated with the Mode menu preferences in their default settin

Time Value of Money31Figure 1 Cash Flow Diagram Example with Corresponding TVM KeysThe TVM functions of the calculator can solve problems with at leas

Time Value of Money32To save values for the TVM variables, enter the desired number, followed by the corresponding TVM key. To calculate anunknown val

Time Value of Money33Table 3-2 TVM ExampleKeys Display DescriptionMReturns the monthly payment. This result is negative (-); it ismoney you pay out.To

Time Value of Money34Enter the values for the TVM keys for the example below. Press A followed by < or > to view the amortizationschedule.Creati

Time Value of Money35To reset the menu items to their default values, with any item of the Amortization menu displayed press :x. With TVMdisplayed, pr

Time Value of Money36Table 3-6 Interest Rate Conversion ExampleKeys Display Description365IInputs365as the value for the number of compoundingperiods

Time Value of Money37WithTVM Canadaenabled in the Mode menu, the following TVM features change:1. The P/YR key,:[, now opens a menu with two items, P/

Time Value of Money38Canadian Mortgage ExampleCalculate the monthly payment for a 25-year (N=300) Canadian mortgage valued at 350,000.00, if the nomin

Cash Flows394 Cash FlowsFigure 1 Cash Flow DiagramIn the calculator, a cash flow list is a set of numbered pairs,CF(n)and#CF(n), wherenis the index of

Contents4Two-Number Functions ...26Storing and Recall

Cash Flows40To erase a cash flow list, with any cash flow displayed press :x. The number of cash flows in the list is displayed onthe bottom line, alo

Cash Flows41Table 4-2 Cash Flow ExampleKeys Display DescriptionCOpens the cash flow list.80000}IInputs-80000as the monetary value of the initialcash f

Cash Flows42Table 4-2 Cash Flow ExampleKeys Display Description115000IInputs115000as the monetary value of CF(6).Displays the current value,1, for the

Cash Flows43Table 4-3 NPV and IRR Menu ItemsItem DescriptionInv. I% Investment or discount rate. Enter the investment rate or discount rate for the ca

Cash Flows44Table 4-4 NPV and IRR ExampleKeys Display Description<Displays the number of periods required for the cash flow torepay the investment.

Cash Flows45Sample Cash Flow DiagramsFigure 3 Sample Cash Flow Diagrams

Bonds465 BondsBSet.Date Mat.Date CPN% CallYield%PriceAccruedActual/Cal.360Annual/Semi-annualDWN DWN DWNDWNDWNDWNDWNDWNDWNFigure 1 The Menu Map for the

Bonds47Table 5-1 Bond Menu ItemsVariable DescriptionCall Call value. Default is set for a call price per 100.00 face value. A bond at maturityhas a ca

Bonds48Table 5-2 Bond Calculation ExampleKey Display Description<Displays current call value. Default is100. Note: ifCallrequires another value, ke

Date Calculation496 Date CalculationFigure 1 The Menu Map for the Date Calculation MenuThe Date Calculation MenuThe Date Calculation menu is used to c

Contents5Statistics Example...6311 ErrorsError Mes

Date Calculation50Table 6-1 Date Calculation ExampleKey Display Description<10.312010IInputs the ending date in the selected format.<=Calculates

Break-even517 Break-evenFigure 1 The Menu Map for the Break-even MenuThe Break-even MenuTo open the Break-even menu, press :!. To change the value of

Break-even52Table 7-1 Break-even ExampleKeys Display Description<=Calculates the current value for the unknown item. 3200units would have to be sol

Business Problems538 Business ProblemsFigure 1 The Menu Map for the Percent Calculation (%calc) MenuThe Percent Calculation MenuPress :# to open the m

Business Problems54Note: for business problems, margin is based on price; markup is based on cost. The examples below are shown with RPN asthe active

Business Problems55Note: although the example in Table 8-2 calls for no compounding, you may specify the number of compounding periods usedin calculat

Depreciation569 DepreciationFigure 1 The Menu Map for the Depreciation MenuThe Depreciation MenuPress :\ to open the Depreciation menu. To select a de

Depreciation57Note: pressing < on the last item of a sub-menu returns you to the Year item, not to the top of the sub-menu (see Figure1). By scroll

Depreciation58Table 9-2 Depreciation Menu ItemsItem DescriptionSalvage The salvage value of the asset at the end of its useful life.Factor The declini

Depreciation59Table 9-3 Straight Line Depreciation ExampleKey Display Description<Remaining book value after year one.<Remaining depreciable val

HP 20b Business Consultant Keyboard6HP 20b Business Consultant KeyboardKeyboard Map LegendNo. Feature Chapter(s) No. Feature Chapter(s)1 Time Value of

Statistical Operations6010 Statistical OperationsFigure 1 The Menu Maps for the Data and Statistics Menus

Statistical Operations61The Data and Stats MenusStatistics analysis functions are located in the Data and Statistics menus accessible with the :y and:

Statistical Operations62Table 10-1 The Statistics Menu ItemsMenu Item DescriptionNb ItemNumber of items.XMeanAverage of X values.YMeanAverage of Y val

Statistical Operations63Table 10-1 The Statistics Menu ItemsMenu Item DescriptionSigma Y The sum of the y values.Sigma X2The sum of the squares of the

Statistical Operations64Table 10-3 Statistics ExampleKeys Display Description5I170IInputs values for X(5) and Y(5).:zOpens Stats menu.<IOpens Descr

Errors6511 ErrorsError Messages and Calculator StatusTable 11-1 Error MessagesError Message StatusER: Underflow The calculation generated an underflow

Errors66Table 11-1 Error MessagesError Message StatusER: Many Solutions Returned when there are many solutions to theproblem.ER: Invalid N Returned by

Warranty, Regulatory, and Contact Information6712 Warranty, Regulatory, and Contact InformationReplacing the BatteriesUse only fresh batteries. Do not

Warranty, Regulatory, and Contact Information68Customer CareIn addition to the one year hardware warranty your HP calculator also comes with one year

Warranty, Regulatory, and Contact Information69Table 12-1 Contact InformationCountry/Region ContactGreece Ελλάδα 210 969 6421 Guatemala 1-800-999-51

Basic Features71 Basic FeaturesWelcome to the HP 20b Financial CalculatorThis manual is designed to familiarize you with the many features of your new

Warranty, Regulatory, and Contact Information70Table 12-1 Contact InformationCountry/Region ContactPuerto Rico 1-877 232 0589Russia Россия 495 228 3

Warranty, Regulatory, and Contact Information71Product Regulatory & Environment InformationFederal Communications Commission NoticeThis equipment

Warranty, Regulatory, and Contact Information72This compliance is indicated by the following conformity marking placed on the product:This marking is

Warranty, Regulatory, and Contact Information73产品中有毒有害物质或元素的名称及含量根据中国《电子信息产品污染控制管理办法》有毒有害物质或元素部件名称铅 (Pb) 汞 (Hg) 镉 (Cd) 六价铬 (Cr(VI))多溴联苯 (PBB)多溴二苯醚(PBD

Index74Index!!: key, 23%% change, 53% yield, 47==: key, 12Aa: slope, 62absolute value. See Math menuAlgebraic mode, 17amortization: Amort key, 33; exa

Index75NN key, 32natural exponent: e to the power of xkey, 23nCr, 27negative numbers, 16net future value, 43net present value, 43net uniform series, 4

Basic Features8Two Line DisplayThere are two lines in the display screen as shown in Figure 1.Figure 1 Display ScreenThe top line of the screen displa

Basic Features9Table 1-1 Mode Menu SettingsSetting (top line) DescriptionFIX= 2 Display precision (number of digits displayed to the right of the deci