Interest rate conversion—at a glance, Îp7ÿr1, Interest – HP 10B User Manual
Page 19: Rate conversion, A glance
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Interest
Rate Conversion—
At
a Glance...
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To convert between nominal and cfTcctive interest rates,
enter the known rale and the number of periods per year,
then solve for the unknown rate.
■FES
■ÎP7ŸR1
Nominal interest percent.
Effective interest percent.
Periods per year.
Find the annual cfTcctive interest rate of 10% nominal interest com
pounded monthly.
Keys:
10
12KEZŸH1
i(ËFF%
Display:
10.00
12.00
10.47
Description:
Enters nominal rate.
Enters payments per
year.
Calculates annual
cfTcclive interest.
16 At a Glance...
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