hp calculators
HP 48GII Bond Price
The FINANCE menu
Bond Price
Practice solving for the price of a bond
hp calculators
HP 48GII Bond Price
The FINANCE menu
The Finance solver is accessed from the BLUE shifted function of the 9 key by pressing „Ò. When pressed, a data entry
form is displayed that is used to solve a number of financial math problems.
Figure 1
To solve problems using this display, move the cursor using the š˜—™ keys to each field and input its value, if known.
To solve for the unknown value, move the cursor to the field for which you wish to solve, and press the Fkey to register the
choice of !SOLVE, which is displayed above it. The value of the unknown will be calculated and displayed in the field. The solved
value of the variable will be copied to the first level of the command stack in case further calculations with it are desired.
Variables are created whenever a value is stored in one of the financial fields or when it has been solved. These variables (N for
example holds the value for n) can be seen in the J menu. When they are no longer needed, they can be deleted just like any
other user-created variables. Values from a previous use of the financial solver remain until the variables holding them are deleted.
Several values are already present on this screen. The number of payments per year is set to 12 for monthly compounding, as
shown to the right of the P/YR: in the screen above. If annual compounding is desired, this value should be changed to 1. If quarterly
compounding is desired, this value should be changed to 4. Just below the P/YR: field, the calculator displays the word END,
signifying that payments are assumed to occur at the end of each period, which would be the case for ordinary annuities. If payments
are desired at the beginning of the period, as would be the case in an annuity due, this value can be changed by moving the cursor
to this field.