Buying a Financial Calculator
Tools are designed to help their users do their tasks more efficiently and crunching numbers is no exception. I’ve been humming along with Excel and my trusty scientific calculator just fine, but as I’m getting more involved with calculations such as discounting I’ve decided it may be worth the time to pick up a financial calculator that has many of these formulas built-in.
I ended up buying the HP 10BII, which is among the most popular financial calculators out there. It’s very reasonably priced, has training modules on the HP web site, contains advanced functions such as IRR and NPV, and has a user-friendly keypad. For $30-40, this is a must have for anyone in finance or real estate.
HP 10bII Financial Calculator on Amazon (please support us with your purchase!)
Calculator Comparison from About.com
5 Comments Add your ownSubscribe
1. The Unknown Professor | May 13th, 2006 at 8:32 pm
While a financial calculator doesn’t handle some kinds of problems very well, it has a number of advantages over a spreadsheet: portability, no boot time, and speed in solving simple problems. And if you learn a few extra tricks, you can solve an amazing array of more complicated problems.
The HP is one of two calculators typically recommended in college finance classes. The other is the Texas Instruments BAII+. Both are exceptional tools, and IMO every finance person should have a financial calculator.
2. Chris | May 14th, 2006 at 7:07 am
Definitely. Not only is the TI calculator also highly recommended, but it is also similarly priced, and readily available!
3. Journey To Financial Free&hellip | May 29th, 2006 at 8:41 am
[…] Buying a Financial Calculator […]
4. LSD | June 2nd, 2006 at 2:14 pm
How about a review of the calculator instead? Show us how you solve problems with this calc. How does it compare to TI-89 loaded with finance apps for example.
5. mortgage calc - guy | December 21st, 2007 at 9:21 am
Sounds like a great calculator. I’ve found that there are many financial calculators out there that will do the trick at the high school and college level.
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