Financial calculator

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HP-12C financial calculator including functions to calculate depreciation and net present value. Financial Calculator Hewlett-Packard HP-12C built from 1981, this item produced 1988 (edited to remove background, warmer colours).jpg
HP-12C financial calculator including functions to calculate depreciation and net present value.
Backside of the above HP-12C with some use cases with the respective keys to be pressed for frequent tasks from the field of finance Backside of Financial Calculator Hewlett-Packard HP-12C built from 1981, this item produced 1988.jpg
Backside of the above HP-12C with some use cases with the respective keys to be pressed for frequent tasks from the field of finance

A financial calculator or business calculator is an electronic calculator that performs financial functions commonly needed in business and commerce communities [1] (simple interest, compound interest, cash flow, amortization, conversion, cost/sell/margin, etc.). It has standalone keys for many financial calculations and functions, making such calculations more direct than on standard calculators. [2] It may be user programmable, allowing the user to add functions that the manufacturer has not provided by default. [3]

Examples of financial calculators are the HP 12C, HP-10B and the TI BA II. [4]

A wide number of graphing calculators, like the Casio FX-9860GII, the Texas Instruments TI-89 Titanium, and the Hewlett Packard HP 48gII include complex financial calculations, as do spreadsheet applications such as Microsoft Excel, LibreOffice Calc, and Google Sheets.

Related Research Articles

<span class="mw-page-title-main">Calculator</span> Electronic device used for calculations

An electronic calculator is typically a portable electronic device used to perform calculations, ranging from basic arithmetic to complex mathematics.

A computer algebra system (CAS) or symbolic algebra system (SAS) is any mathematical software with the ability to manipulate mathematical expressions in a way similar to the traditional manual computations of mathematicians and scientists. The development of the computer algebra systems in the second half of the 20th century is part of the discipline of "computer algebra" or "symbolic computation", which has spurred work in algorithms over mathematical objects such as polynomials.

<span class="mw-page-title-main">Sinclair Scientific</span> Scientific calculator introduced in 1974

The Sinclair Scientific calculator was a 12-function, pocket-sized scientific calculator introduced in 1974, dramatically undercutting in price other calculators available at the time. The Sinclair Scientific Programmable, released a year later, was advertised as the first budget programmable calculator.

<span class="mw-page-title-main">Scientific calculator</span> Calculator designed to calculate problems in science, engineering, and mathematics

A scientific calculator is an electronic calculator, either desktop or handheld, designed to perform calculations using basic and complex mathematical operations and functions. They have completely replaced slide rules and are used in both educational and professional settings.

<span class="mw-page-title-main">HP-41C</span> Hewlett-Packard handheld RPN calculator

The HP-41C series are programmable, expandable, continuous memory handheld RPN calculators made by Hewlett-Packard from 1979 to 1990. The original model, HP-41C, was the first of its kind to offer alphanumeric display capabilities. Later came the HP-41CV and HP-41CX, offering more memory and functionality.

<span class="mw-page-title-main">HP-20S</span>

The HP-20S (F1890A) is an algebraic programmable scientific calculator produced by Hewlett-Packard from 1987 to 2000.

<span class="mw-page-title-main">HP-27S</span>

The HP-27S was a pocket calculator produced by Hewlett-Packard, introduced in 1988, and discontinued between 1990 and 1993. It was the first HP scientific calculator to use algebraic entry instead of RPN, and though it was labelled scientific, it also included features associated with specialized business calculators.

<span class="mw-page-title-main">TI-30</span> Scientific calculator by Texas Instruments

The TI-30 is a scientific calculator manufactured by Texas Instruments, the first model of which was introduced in 1976. While the original TI-30 was discontinued in 1983 after several design revisions, TI maintains the TI-30 designation as a branding for its low and mid-range scientific calculators.

<span class="mw-page-title-main">TI SR-50</span> Early scientific pocket calculator

The SR-50 was Texas Instruments' first scientific pocket calculator with trigonometric and logarithm functions. It enhanced their earlier SR-10 and SR-11 calculators, introduced in 1973, which had featured scientific notation, squares, square root, and reciprocals, but had no trig or log functions, and lacked other features. The SR-50 was introduced in 1974 and sold for US$170. It competed with the Hewlett-Packard HP-35.

<span class="mw-page-title-main">HP-12C</span> Financial calculator made by Hewlett-Packard

The HP-12C is a financial calculator made by Hewlett-Packard (HP) and its successor HP Inc. as part of the HP Voyager series, introduced in 1981. It is HP's longest and best-selling product and is considered the de facto standard among financial professionals. There have been multiple revisions over the years, with newer revisions moving to an ARM processor running a software emulator of the original Nut processor. Critics claim that its 1980s technology is antiquated, but proponents point out that it is still the de facto and de jure in high finance.

There are various ways in which calculators interpret keystrokes. These can be categorized into two main types:

<span class="mw-page-title-main">TI-59 / TI-58</span> Programmable calculator produced by Texas Instruments

The TI-59 is an early programmable calculator, that was manufactured by Texas Instruments from 1977. It is the successor to the TI SR-52, quadrupling the number of "program steps" of storage, and adding "ROM Program Modules". Just like the SR-52, it has a magnetic card reader for external storage. One quarter of the memory is stored on each side of one card.

Programmable calculators are calculators that can automatically carry out a sequence of operations under control of a stored program. Most are Turing complete, and, as such, are theoretically general-purpose computers. However, their user interfaces and programming environments are specifically tailored to make performing small-scale numerical computations convenient, rather than general-purpose use.

<span class="mw-page-title-main">Hewlett-Packard Voyager series</span> Programmable calculator, 1982–1984

The Hewlett-Packard Voyager series of calculators were introduced by Hewlett-Packard in 1981. All members of this series are programmable, use Reverse Polish Notation, and feature continuous memory. Nearly identical in appearance, each model provided different capabilities and was aimed at different user markets.

<span class="mw-page-title-main">HP-25</span>

The HP-25 was a hand-held programmable scientific/engineering calculator made by Hewlett-Packard between early January 1975 and 1978. The HP-25 was introduced as a cheaper alternative to the ground-breaking HP-65.

<span class="mw-page-title-main">HP-16C</span> Programmable calculator produce by Hewlett-Packard

The HP-16C Computer Scientist is a programmable pocket calculator that was produced by Hewlett-Packard between 1982 and 1989. It was specifically designed for use by computer programmers, to assist in debugging. It is a member of the HP Voyager series of programmable calculators. It was the only programmer's calculator ever produced by HP, though many later HP calculators have incorporated most of the 16C's functions.

<span class="mw-page-title-main">Texas Instruments Business Analyst</span> Series of financial calculators by Texas Instruments

The Texas Instruments Business Analyst series is a product line of financial calculators introduced in 1976. BA calculators provide time value of money functions and are widely used in accounting and other financial applications. Though originally designed specifically for financial use, current models also include basic scientific calculator and statistics functions. The BA series competes directly with other mid- to high-end financial calculators, particularly the HP-12C and other models from TI competitor Hewlett-Packard. There are two models in the product line: the BA II Plus and the BA II Plus Professional.

<span class="mw-page-title-main">HP 35s</span> Programmable scientific calculator produced by Hewlett-Packard

The HP 35s (F2215A) is a Hewlett-Packard non-graphing programmable scientific calculator. Although it is a successor to the HP 33s, it was introduced to commemorate the 35th anniversary of the HP-35, Hewlett-Packard's first pocket calculator. HP also released a limited production anniversary edition with shiny black overlay and engraving "Celebrating 35 years".

<span class="mw-page-title-main">HP 20b</span>

The HP 20b Business Consultant is a financial calculator published in 2008 by Hewlett-Packard. Its function is similar to HP 10bII and includes scientific and statistical functions.

<span class="mw-page-title-main">HP 30b</span>

The HP 30b is a programmable financial calculator from HP which was released on 7 January 2010. The HP 30b is an advanced version of the HP's prior model HP 20b. Featuring a two line alpha numeric display, ability to input data via Reverse Polish Notation, Algebraic and normal Chain algebraic methods, and twelve digit display.

References

  1. Hall, Pamela L. (1999), Effective Use of a Financial Calculator, Cengage Learning, ISBN   9780030267864
  2. Gitman, Lawrence; Joehnk, Michael; Billingsley, Randy (2013), "Appendix E: Using a Financial Calculator", Personal Financial Planning (13th ed.), Cengage Learning, pp. 620–621, ISBN   9781285633138 .
  3. Barrell, Doris (2004), Real Estate Finance Today, Dearborn Real Estate, p. 34, ISBN   9780793181490, most real estate professionals today use a programmable financial calculator to determine loan payments and other financial calculations.
  4. Marx, Johan (2009), Using Financial Calculators for Time Value of Money Calculations, Pearson South Africa, ISBN   9781770256804, This booklet explains how to use 2 different financial calculators ... namely the Hewlett-Packard 10-BII [and] Texas Instrument BA II plus.