The tutor continues exploring annuities. In my previous post I introduced the idea of an annuity with an example. That example had each payment at month’s-end; hence, it was an ordinary annuity. With an annuity due, the payment is …
Financial math: ordinary annuity versus annuity due Read more »
Financial math awaits many students. The tutor introduces annuities. From the point of view of a typical consumer, an annuity is the reverse of a loan. The consumer becomes the lender, while the institution pays them back, often with monthly …
Here’s an example of calculating a loan payment on the HP-10B. Hewlett-Packard’s business calculator, the HP-10B, is designed to be easy to use. Let’s see how easy it is with an example: Example 1: Calculate the monthly payment on a …
A lifetime ago, the tutor studied financial planning. That’s when he got acquainted with the HP-10B. Of the financial calculators I know, the Hewlett-Packard HP-10B is potentially the easiest to use. One feature of particular value to anyone in financial …
Financial math: interest rate conversions on the HP-10B Read more »