HP 30b Professional, 20b Consultant Financial manual Interest Conversion Menu, Nom.%, Eff.%, C/Yr

Models: 20b Consultant Financial

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Interest Conversion Menu

Interest Conversion Menu

:&

Nom.%

Eff.%

DWN

C/YR

Figure 3 The Menu Map for the Interest Conversion Menu

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

Table 3-5 Interest Conversion Menu Items

Item

Description

 

 

Nom.%

Nominal interest rate: the stated annual interest rate compounded as represented by

 

C/YR, such as 18% compounded monthly (C/YR=12 ).

 

 

Eff.%

Effective annual interest rate taking compounding into account.

 

 

C/YR

Compounding periods per year. Default is 12.

 

 

Time Value of Money 33

Page 41
Image 41
HP 30b Professional, 20b Consultant Financial manual Interest Conversion Menu, Nom.%, Eff.%, C/Yr