HP 20b Consultant Financial manual Description

		Time Value of Money
Table 4-1	Interest Conversion Menu Items
Item		Description
Nom%=		The stated annual interest rate compounded periodically,
		such as 18% compounded monthly.
Eff%=		The rate, that compounded only once, that is, annually,
		would produce the same final value as the nominal rate.
P/YR=		Payments or compounding periods per year. Default is 12.

Using the Iconv menu, find the effective rate of a 36.5% nominal rate compounded daily. See Figure 3-1 for help with navigating through the menu. This example is calculated with RPN as the active operating mode. See Table 4-2.

Table 4-2Interest Rate Conversion Example

Keys Display Description

:&

Opens the Iconv menu, starting with the current value of the nominal percentage rate.

36.

5I

Inputs 36.5 as the current nominal percentage rate.

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