When it comes to financial calculators, Hewlett-Packard (HP) is a trusted brand known for its reliable and efficient devices. Two popular models from HP are the HP 10bII and the HP 10bII+. While both calculators serve the same purpose, there are some differences between them that make the HP 10bII+ an upgraded version of the HP 10bII.
Functionality and Features
The HP 10bII+ offers several additional functions compared to the HP 10bII. It includes features such as depreciation, probability distribution calculations, bonds, expanded statistic capabilities, and depreciation. These added functions make the HP 10bII+ more versatile for a wider range of financial calculations.
Another significant difference is the continuous memory feature of the HP 10bII+. This means that even if you turn off the calculator, the information you have stored will not be lost. It remembers the value of the last computation, allowing you to resume your work without any data loss.
Usability and Keyboard
Both the HP 10bII and the HP 10bII+ have a similar layout and most of the financial keystrokes remain the same. This makes it easy for users to transition from one model to another. Functions like solving Time Value of Money (TVM) problems, margin, markup, and profit calculations can be performed by simply entering the known amounts and pressing the corresponding keys. There is no need to navigate through menus to find these functions as they are readily available on the keyboard.
However, the HP 10bII+ has some improvements in terms of usability. The keyboard of the HP 10bII+ features nicer and brighter colors, making it visually appealing. The blue shifted functions are clearer, and the keys provide a more tactile feel, enhancing the overall user experience.
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The HP 10bII+ offers additional mathematical functions compared to the HP 10bII. It includes trigonometric functions like SIN, COS, and TAN, along with the Pi constant (141592653589793). These added mathematical functions can be useful for various financial calculations that require advanced mathematical operations.
Date Calculations
One notable feature of the HP 10bII+ is its ability to perform date-related calculations. It allows users to enter dates in both U.S. format (mm.ddyyyy) and British format (dd.mmyyyy). This feature enables users to calculate the number of days between two dates or perform date additions. For example, if you want to find out the number of days from April 1, 2012, to December 21, 2012, you can easily perform this calculation using the HP 10bII+.
To calculate the number of days between two dates:
- Press [C] to clear the calculator.
- Press [Blue Shift] [D.MY/M.DY] to toggle to 'dd.mmyyyy' format, and the display will show (D.MY).
- Enter the first date, for example, 04201
- Press [Orange Shift] [DATE] to enter the first date, and the display will show 04 (PEND).
- Press [Orange Shift] [Delta DAYS].
- Enter the second date, for example, 20.12201
- Press [Orange Shift] [DATE] to enter the second date, and the display will show 26
Based on this calculation, it is determined that there are 264 days between April 1, 2012, and December 21, 201
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The HP 10bII+ has more memory compared to the HP 10bII. It offers 20 memory registers, whereas the HP 10bII only has This increased memory capacity allows users to store and retrieve more values for their calculations. Additionally, the memory allocation for cash flows has also been expanded to 45 data points.
Another notable feature of the HP 10bII+ is the ability to toggle between Algebraic Entry Mode and Chain Entry Mode. The older HP 10bII operates solely under Algebraic Entry Mode. This flexibility allows users to choose the entry mode that they are most comfortable with, enhancing their overall user experience.
The HP 10bII+ is an upgraded version of the HP 10bII, offering additional functions, improved usability, and more memory. Whether you are a finance professional, student, or someone who requires financial calculations in your daily life, the HP 10bII+ can be a valuable tool to simplify and streamline your financial calculations.
Can the HP 10bII+ be used for advanced financial calculations?
Yes, the HP 10bII+ offers advanced functions like depreciation, probability distribution calculations, bonds, expanded statistic capabilities, and depreciation, making it suitable for complex financial calculations.
Is it easy to switch from the HP 10bII to the HP 10bII+?
Yes, the layout and most of the financial keystrokes remain the same on both calculators, making it easy to transition from one model to another.
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Yes, the HP 10bII+ offers trigonometric functions like SIN, COS, and TAN, allowing users to perform advanced mathematical calculations.
How many memory registers does the HP 10bII+ have?
The HP 10bII+ has 20 memory registers, which can be used to store and retrieve values for calculations.
Can I toggle between different entry modes on the HP 10bII+?
Yes, the HP 10bII+ allows users to toggle between Algebraic Entry Mode and Chain Entry Mode, providing flexibility in data input.