Casio FX-9750GII-SC User Guide - Page 204
Interest Rate Conversion
UPC - 079767186067
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• {3INT} ... {total interest paid from installment PM1 to installment PM2} • {3PRN} ... {total principal paid from installment PM1 to installment PM2} • {CMPD} ... {compound interest screen} • An error (Ma ERROR) occurs if parameters are not configured correctly. Use the following function menus to maneuver between calculation result screens. • {REPT} ... {parameter input screen} • {CMPD} ... {compound interest screen} • {GRPH} ... {draws graph} After drawing a graph, you can press (TRCE) to turn on trace and read calculation results along the graph. The first press of (TRCE) displays ,17 and PRN when n = 1. Each press of C shows ,17 and PRN when n = 2, n = 3, and so on. Press ) to return to the parameter input screen. 6. Interest Rate Conversion The procedures in this section describe how to convert between the annual percentage rate and effective interest rate. S Formula EFF = 1+ APR/100 n n -1 s100 1 APR = 1+ EFF 100 n -1 sn s100 APR : annual percentage rate (%) EFF : effective interest rate (%) n : number of compoundings Press (CNVT) from the Financial 1 screen to display the following input screen for interest rate conversion. (CNVT) n number of compoundings I% ......... interest rate 7-9