AOther CNVR Mode Calculations

Example 2: To convert an effective interest rate (EFF) to a nominal interest rate (APR)

In step 2 of the basic procedure (Example 1), select “APR: Solve”.

ACNVR Mode Financial Calculation Variables (VARS)

Variables n and Iare used in the CNVR Mode.

A value is assigned to Iwhenever you perform an EFF or APR calculation in the CNVR Mode.

The values of CNVR Mode variables are retained even if you change to another mode. Note, however, that CNVR Mode variables are also used by other modes, so performing an input or calculation operation may change the values assigned to them.

Though CNVR Mode variables are financial calculation variables, they are also used by arithmetic and function operations in the COMP Mode.

ACalculation Formulas

n

EFF = 1+ APR/100 –1 100 n

1

APR = 1+ EFF100 n –1 n 100

APR : nominal interest rate (%)

EFF : effective interest rate (%)

n: number of annual compoundings

kCost/Sell/Margin Mode

The Cost/Sell/Margin (COST) Mode lets you calculate cost, selling price, or margin after inputting the other two values. You can input the cost and selling price, for example, and calculate the margin.

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