HP 20b Consultant Financial manual TVM Keys and Entering Values, 365

Time Value of Money

Table 4-2Interest Rate Conversion Example

Keys Display Description

>

Scrolls to payments per year, P/YR. Default value is 12.

365 I

Inputs 365 as the current value for the number of compounding periods or payments per year.

>=

Scrolls to the variable for the effective rate, Eff%=. Returns the effective rate. A 36.5% nominal rate compounded daily equals an effective rate of 44.03%.

TVM Keys and Entering Values

For a list of keys used for TVM problems along with their descriptions, see Table 4-3.

To reset the TVM variables to their default values, with any TVM variable displayed, press :x. With TVM displayed, press I. At the TVM Reset prompt, press Ior O.

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