Casio CLASSPAD 330 3.04 - Manual (Page 855)

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Tip
• You can change any value and then tap a button to recalculate.
Calculation Formulas
EFF =
n
APR/ 100
1+ –1
× 100
n
APR =
100
EFF
1+ –1
× n ×100
1
n
15-6-2
Interest Conversion
I Example 2
What is the nominal interest rate ([APR]) on a certificate that offers an annual effective
interest rate ([EFF]) of 5%, compounded bi-monthly (N = 6)?