Interest rate conversion, Interest, Rate – Casio FX-9750GII User Manual

Page 204: Conversion

Advertising
background image

7-9

• {

3INT} … {total interest paid from installment PM1 to installment PM2}

• {

3PRN} … {total principal paid from installment PM1 to installment PM2}

• {CMPD} … {compound interest screen}

• An error (Ma ERROR) occurs if parameters are not configured correctly.

Use the following function menus to maneuver between calculation result screens.

• {REPT} … {parameter input screen}

• {CMPD} … {compound interest screen}

• {GRPH} … {draws graph}

After drawing a graph, you can press

results along the graph.

The first press of

,17

and

PRN

when

n

= 1. Each press of

C shows

,17

and

PRN

when

n

= 2,

n

= 3, and so on.

Press

) to return to the parameter input screen.

6. Interest Rate Conversion

The procedures in this section describe how to convert between the annual percentage rate
and effective interest rate.

S Formula

APR

: annual percentage rate (%)

EFF

: effective interest rate (%)

n

: number of compoundings

Press

(CNVT) from the Financial 1 screen to display the following input screen for interest

rate conversion.

(CNVT)

n

........... number of compoundings

I

% ......... interest rate

EFF

=

n

APR/

100

1 +

–1

s

n

EFF

=

n

APR/

100

1 +

–1

s

n

APR

=

100

EFF

1 +

–1

s

1
n

APR

=

100

EFF

1 +

–1

s

1
n

Advertising
This manual is related to the following products: