Table | Calculating the depreciation |
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Keys |
| Display | Description |
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\« | 7,600.00 | Remaining depreciable value | |
| after year one. | ||
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| G]{ |
| two. | |
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| 1,900.00 | Depreciation of the asset in year |
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\« | 5,700.00 | Remaining depreciable value | |
| after year two. | ||
For more information on depreciation, refer to chapter 7, Depreciation.
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
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 | Calculating the interest rate |
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Keys |
| Display | Description |
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| J:\Ó | 10.00 | Enters nominal rate. | |
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JG\Í | 12.00 | Enters payments per year. | |
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\Ð | 10.47 | Calculates annual effective | |
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interest.
For more information on interest rate conversions, refer to the section titled, Interest Rate Conversions in chapter 6, Time Value of Money Calculations.
10 At a Glance...