The ICNV Menu
FIN BUS SUM TIME SOLVE CURRX
TVM ICNV CFLO BOND DEPRC
PERCONT
NOM% EFF% P | NOM% EFF% |
The ICNV menu converts between nominal and effective interest rates, using either:
!Periodic compounding; for example, quarterly, monthly, or daily compounding.
!Continuous compounding.
Converting Interest Rates
To convert between a nominal annual interest rate and an effective annual interest rate that is compounded periodically:
1.Press "hto display the interest conversions menu.
2.Press ifor periodic.
3.Key in the number of compounding periods per year and press
1.
4.To convert to the effective rate, first key in the nominal rate and press j, then press k.
5.To convert to the nominal rate, first key in the effective rate and press k, then press j.
| 6: Interest Rate Conversions | 85 |
File name : | Print data : 2003/7/11 |
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