HP 113394 User Guide - Page 216
Continuous Rate Converted to Effective Rate
UPC - 808736340502
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216 Section 15: Savings Example: Find the nominal rate compounded quarterly if the effective annual rate is 5.35%. Keystrokes (RPN mode) f] fCLEARG 4n100$ 5.35+Þ M¼ :n§ Keystrokes (ALG mode) Display f[ fCLEARG 4n100$ 100.00 +5.35³Þ M¼ §:n³ -105.35 1.31 5.25 Percent nominal interest rate. Continuous Rate Converted to Effective Rate This procedure converts a continuous annual interest rate to the effective rate. 1. RPN: Press 1\. 1. ALG: Press 1³. 2. Key in the continuous rate as a percentage then press b. 3. Press g>à. Example: What is the effective rate resulting from a 5.25% passbook rate with continuous compounding? Keystrokes (RPN mode) f] 1\5.25b g> à Keystrokes (ALG mode) f[ 1³5.25b g> à Display 0.05 1.05 5.39 Effective rate. File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 216 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm