HP 10bII+ Financial manual Jg\Í

Page 23

Interest Rate Conversion

To convert between nominal and effective interest rates, enter the known rate and the number of periods per year, then solve for the unknown rate.

Table 1-19 Keys for interest rate conversion

Keys	Description

\Ó	Nominal interest percent.

\Ð	Effective interest percent.

\Í	Periods per year.

Find the annual effective interest rate of 10% nominal interest compounded monthly.

Table 1-20 Calculating the interest rate

KeysDisplay Description

J:\Ó	10.00	Enters nominal rate.
	10.00	Enters nominal rate.

JG\Í	12.00	Enters payments per
	12.00	Enters payments per
		year.

\Ð	10.47	Calculates annual
	10.47	Calculates annual

effective interest.

For more information on interest rate conversions, refer to the section titled, Interest Rate Conversions in chapter 6, Time Value of Money Calculations in the HP 10bII+ Financial Calculator User’s Guide.

Getting Started

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Contents HP Part Number NW239-90201 Edition 1, April HP 10bII+ Financial Calculator Quick Start GuideLegal Notice Iii Keyboard LegendKeys Number Primary Functions Shift Down \ Shift Up WhiteTable of Contents Page Keys Basics of Key Functions= and then simultaneously press 1or a Shift Keys JGDPage Clearing functions Boxed Key Functions17.50 Enters number Jj7V1JV§4 PercentagesDDÃ JVÀGG¼ Memory Keys VJd\wG JjPjªGG4 GV4V7V J7GV\w7V \w17VTime Value of Money TVM JyÌ JG\ÍDSÙ JYÏD7VÒ 13,865.83 Displays the balance Amount Getting Started Displays interestMoney paid out is Jæjg For depreciation also 17 Depreciation keys Keys DescriptionAsset 10,000.00500.00 Value of the item Inputs the salvage JG\Í Number, pressing ¤enters a cash flow Default settingCash flow number. When preceded by a Cash flows, up to 45. J identifiesYj¤ \½\«AJG4 GD¤Or 365-day Actual Getting Started 24 Keys used for dates and calendar functions DescriptionVG4 G7GgGJYield Input call value. Default is set for a call price perOr month-day-year mm.ddyyyy. Default is mm.ddyyyy For given pricePage Y7jVÔ S7YGGS7jVÎ Message flashes, even memory Stores the expected profit or calculates it29 Calculating break-even KeysDisplay Description Clears breakData Æ y-data \¢ Data \¢Data Æ y-data ¡ \e \« \k \«\T \« \h \«SÆJS¡ GÆV¡YÆd¡ \W\« \T\«17GV4 7VFEnters value of sine 7SGTrigonometric Functions For θRadians \aJg4Converts Degrees toHP-INVENT 香港特別行政區 HP Invent ไทย Limited Hardware Warranty Period General Terms Exclusions

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