Calculating interest conversion, Calculating an interest conversion – Texas Instruments TI-83 PLUS User Manual

Page 462

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TI-83 Plus

Applications

459

Calculating Interest Conversion

Calculating an Interest Conversion

Use the interest conversion functions (menu items

B

and

C

) to convert

interest rates from an annual effective rate to a nominal rate (

4

Nom(

) or

from a nominal rate to an annual effective rate (

4

Eff(

).

4

Nom(

4

Nom(

computes the nominal interest rate.

effective rate

and

compounding

periods

must be real numbers.

compounding periods

must be >0.

4

Nom(

effective rate

,

compounding periods

)

4

Eff(

4

Eff(

computes the effective interest rate.

nominal rate

and

compounding

periods

must be real numbers.

compounding periods

must be >0.

4

Eff(

nominal rate

,

compounding periods

)

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