**To reset the calculator, follow the procedures below in the order presented.**

- Press ON to turn off the calculator.
- Press and hold [ – ].
- Press and release ON.
- Release [ – ].
- The screen will display “Pr Error”
- The calculator will reset to the default settings, and the memory will be erased.

Keeping this in consideration, How do I clear the memory on my HP 10bii?

To completely reset the calculator and **erase** all user **memory**, follow the procedure below. Press and hold [C]. Press and hold the first key from the left ([N]) and the first key from the right ([FV]) on the top row. Release all three keys at the same time.

Also know, How do I set up my hp10bii? Press [Gold shift] [C ALL] and then press 1 [Gold Shift] [P/YR]. Now the calculator is **set** to assume 1 period/year. To confirm this **setting**, press and hold [Gold Shift] [C ALL]. Unless needed for other work, we generally leave the calculator **setting** at 1 period per year.

**28 Related Questions Answers Found**

Table of Contents

**How do you calculate IRR on a financial calculator?**

Once the cash flow values have been entered into the **calculator** you are ready to calculate the **IRR**. To do this press the [**IRR**] key. The screen will read **IRR**= 0.000. To display the **IRR** value for the data set, press the [CPT] key at the top left corner of the **calculator**.

**What is the CPT button on a financial calculator?**

**CPT**)

**Button**

When you are about to select a field for the **calculator** to compute, you press the compute **button** (**CPT**) first. The **CPT button** is normally pressed before calculating a payment (PMT), number of periods (N), present value (PV), future value (FV) and interest rate period (I%).

**How do you calculate effective interest rate in Excel?**

**Calculation of the effective interest rate on loan in Excel**

- «Nominal rate» – is the annual rate of interest on the credit, which is designated in the agreement with the Bank. In this example – is 18% (0, 18).
- «Number of periods» – the number of periods in a year, for which interests are charged. In this example – there are 12 months.

**How do you calculate annual interest rate?**

Divide your **interest rate** by the number of payments you’ll make in the year (**interest rates** are expressed **annually**). So, for example, if you’re making monthly payments, divide by 12. 2. Multiply it by the balance of your loan, which for the first payment, will be your whole principal amount.

**What is RPN on hp12c?**

**RPN** stands for Reverse Polish Notation. Anytime the simplest operation is performed in the **HP 12c**, many of these **RPN** resources are used. Mastering **RPN** leads to an enhanced performance when using the calculator.

**What is monthly effective interest rate?**

**Effective interest rate** is the one which caters the compounding periods during a payment plan. It is used to compare the annual **interest** between loans with different compounding periods like week, **month**, year etc. In general stated or nominal **interest rate** is less than the **effective** one.

**What does Error 5 mean on BA II Plus?**

The **Error 5** is triggered when no solution exists for the value that you’re trying to calculate. When the logarithm input is not greater than 0 when using Time Value of Money, Cash Flow or Bond worksheets. When the user forgets to include one negative cash flow in a Cash Flow worksheet list.

**What does Error 7 mean on BA II Plus?**

**How do you calculate the effective monthly interest rate?**

**Calculation**. For **example**, a nominal **interest rate** of 6% compounded **monthly** is equivalent to an **effective interest rate** of 6.17%. 6% compounded **monthly** is credited as 6%/12 = 0.005 every **month**. After one year, the initial capital is increased by the factor (1 + 0.005)^{12} ≈ 1.0617.

**What is the effective annual interest rate for 10% compounded?**

0.10517

**How do you put a negative number on a BA II Plus?**

To **enter** a **negative number** on either the HP-10B or the **BA II Plus**, first press the appropriate digit keys and then press the change sign key, . Do not use the minus sign key, , as its effects are quite unpredictable.

**How do you calculate annual loan payments?**

Multiply the amount you borrow (a) by the **annual** interest rate (r), then divide by the number of **payments** per year (n). Or, multiply the amount you borrow (a) by the monthly interest rate, which is the **annual** interest rate (r) divided by 12: Formulas: a*(r/n) or (a*r)/12.

**What is Cy financial calculator?**

I/**Y** – nominal annual rate of interest per year (entered as a %; NOT a decimal) **C**/**Y** – # of interest compounding periods per year P/**Y** – # of payment periods per year PV – present value (the amount of money at the beginning of the transaction.)

**What is the effective interest method?**

The **effective interest method** is a technique for calculating the actual **interest** rate in a period based on the amount of a financial instrument’s book value at the beginning of the accounting period.

**How do I change the decimal places on my HP calculator?**

term of the annuity (for annuity calculations) I/**Y** – nominal annual rate of interest per year (entered as a %; NOT a decimal) C/**Y** – # of interest compounding periods per year P/**Y** – # of payment periods per year PV – present value (the amount of money at the beginning of the transaction.)

**How do I change the decimal places on my HP calculator?**

The **formula for Future Value** (FV) is: Whereby, C_{0} _{=} Cash flow at initial point (Present **value**) r = Rate of return.

**How do I reset ba2 plus?**

**Reset** Method 1: Press 2nd +|- (that is **RESET**) and then ENTER. That should clear everything out. Then press 2nd CPT (QUIT). You may have to **reset** some things like the number of decimal places.

**How do you find the effective interest rate on a discounted loan?**

**Here’s the calculation:**

- Effective Rate on a Simple Interest Loan = Interest/Principal = $60/$1000 = 6%
- Effective rate on a Loan with a Term of Less Than One Year = $60/$1000 X 360/120 = 18%
- Effective rate on a discounted loan = $60/$1,000 – $60 X 360/360 = 6.38%

**How do you calculate present value of future value and interest rate?**

Divide the **future value** by the **present value**. Say you want to know the annual **interest rate** you need to earn to grow $1,000 today to $1,750 in 10 years. Divide $1,750 by $1,000 to get 1.75. Divide 1 by the number of periods you will leave the money invested.

**What is the best financial calculator?**

**5 Best Financial Calculators (as of March, 2020):**

- Sharp QS-2130 Financial Calculator – Best for Business Applications Review.
- Texas Instruments BA II Plus Financial Calculator – Best for Finance Students Review.
- HP 12C Platinum Financial Calculator – Best for Finance Professionals Review.

A **financial calculator** or business **calculator** is an electronic **calculator** that performs **financial** functions commonly needed in business and commerce communities (simple interest, compound interest, cash flow, amortization, conversion, cost/sell/margin, etc.).

**How do you find the present value?**

**Present value**is an estimate of the current sum needed to equal some future target amount to account for various risks. Using the

**present value**formula (or a tool like ours), you can model the

**value**of future money.

**The Present Value Formula**

- C = Future sum.
- i = Interest rate (where ‘1’ is 100%)
- n= number of periods.

**How do you calculate yield to maturity on a financial calculator?**

To **calculate** the **YTM**, just enter the bond data into the TVM keys. We can find the **YTM** by solving for I/Y. Enter 6 into N, -961.63 into PV, 40 into PMT, and 1,000 into FV. Now, press CPT I/Y and you should find that the **YTM** is 4.75%.

**How do you calculate yield to maturity on a financial calculator?**

To **change** the number of **decimal places** with the **HP** 10BII, press the Shift key (the key with the yellow square on it), followed by the DISP key (the = key), followed by the 4 key.

**How do you change decimal places on a financial calculator?**

**To change the number of decimal places that appear on your TI BA II Plus, follow these steps:**

- Press the 2nd button.
- Next press the . key.
- Finally, press one of the number keys (0 – 9) to set the number of decimals places you want displayed, followed by ENTER.

**Why is my HP 10bii not calculating correctly?**

**the calculator**using

**the**keyboard

To completely reset **the calculator** and erase all user memory, follow **the** procedure below. Press and hold [C]. Press and hold **the** first key from **the** left ([N]) and **the** first key from **the** right ([FV]) on **the** top row. Release all three keys at **the** same time.

**What is PY financial calculator?**

**P**/**Y** stands for “payments per year.” If you set this value to, say, 12 then the **calculator** will assume monthly compounding and adjust the interest rate appropriately. However, and this is very important, it will not adjust the number of periods or the payment amount!

**What is present value of money?**

**Present value** (PV) is the current **value** of a future sum of **money** or stream of **cash** flows given a specified rate of return. Future **cash** flows are **discounted** at the discount rate, and the higher the discount rate, the lower the **present value** of the future **cash** flows.

**How does a financial calculator work?**

**the calculator**using

**the**keyboard

To completely reset **the calculator** and erase all user memory, follow **the** procedure below. Press and hold [C]. Press and hold **the** first key from **the** left ([N]) and **the** first key from **the** right ([FV]) on **the** top row. Release all three keys at **the** same time.

**What is future value of money?**

**Future value** is the **value** of an asset at a specific date. It measures the nominal **future** sum of **money** that a given sum of **money** is “worth” at a specified time in the **future** assuming a certain interest rate, or more generally, rate of return; it is the present **value** multiplied by the accumulation function.

**How do you calculate present value of monthly payments?**

A **financial calculator** or business **calculator** is an electronic **calculator** that performs **financial** functions commonly needed in business and commerce communities (simple interest, compound interest, cash flow, amortization, conversion, cost/sell/margin, etc.).