Casio FX-9860GII-L-IH User Guide - Page 384
Interest Rate Conversion
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7-6-1 Interest Rate Conversion 7-6 Interest Rate Conversion The procedures in this section describe how to convert between the annual percentage rate and effective interest rate. u Formula EFF = 1+ APR/100 n n -1 × 100 1 APR = 1+ EFF 100 n -1 × n ×100 APR : annual percentage rate (%) EFF : effective interest rate (%) n : number of compoundings Press 5(CNVT) from the Financial 1 screen to display the following input screen for interest rate conversion. 5(CNVT) n number of compoundings I interest rate After configuring the parameters, use one of the function menus noted below to perform the corresponding calculation. • {'EFF} ... {converts annual percentage rate to effective interest rate} • {'APR} ... {converts effective interest rate to annual percent rate} • An error (Ma ERROR) occurs if parameters are not configured correctly. Use the following function menu to maneuver between calculation result screens. • {REPT} ... {parameter input screen} 20050401