Interest rate conversion – Casio ALGEBRA FX2.0 Financial User Manual
Page 16
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6. Interest Rate Conversion
The procedures in this section described how to convert between the annual percentage rate
and effective interest rate.
u
uu
u
u
Formula
EFF
=
n
APR/
100
1 +
–1
×
100
n
APR
=
100
EFF
1 +
–1
×
n
×
100
1
n
Press
5
(CNVT) in the Financial 1 screen to display the following input screen for interest rate
conversion.
•
5
(CNVT)
n
.......................................
number of compoundings
I
% ............................... interest rate
After configuring the parameters, press one of the function keys noted below to perform the
corresponding calculation.
•
1
(
'
EFF) ... Converts annual percent rate to effective interest rate
•
2
(
'
APR) ... Converts effective interest rate to annual percent rate
•An error (Ma ERROR) occurs if parameters are not configured correctly.
Use the following function key to maneuver between calculation result screens.
•
1
(REPT) ... Parameter input screen
APR
: annual percentage rate (%)
EFF
: effective interest rate (%)
n
:
number of compoundings