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 to display the interest conversions menu.
2.Press for periodic.
3.Key in the number of compounding periods per year and press
.
4.To convert to the effective rate, first key in the nominal rate and press , then press .
5.To convert to the nominal rate, first key in the effective rate and press , then press .
6: Interest Rate Conversions | 85 |
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