HP 20B manual Using the Interest Conversion Menu

Time Value of Money

To reset the menu items to their default values, with any item of the Amortization menu displayed press :x. With TVM displayed, press I. At the TVM Reset prompt, press Ito reset, or Oto cancel.

Interest Conversion Menu

Figure 3 The Menu Map for the Interest Conversion Menu

To open the Interest Conversion menu (IConv) press :&.

Table 3-5Interest Conversion Menu Items

Item	Description
Nom.%	Nominal interest rate: the stated annual interest rate
	compounded as represented by P/YR, such as 18%
	compounded monthly (P/YR=12 ).
Eff.%	Effective annual interest rate taking compounding into
	account.
C/YR	Compounding periods per year. Default is 12.

Using the Interest Conversion Menu

Find the effective rate of a 36.5% nominal rate compounded daily. See Table 3-6. See Figure 3 for help with navigating through the menu.

Table 3-6Interest Rate Conversion Example

Keys Display Description

:&

Opens the IConv menu, starting with the current value of the nominal percentage rate.

36.

5I

Inputs 36.5 as the nominal percentage rate.

>

Scrolls to compounding periods per year, C/YR. Default value is 12.

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