HP 20b HP 20b Calculator Quick Start Guide - Page 41

Table 4-1, Description, Table 4-2, Display

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Time Value of Money Table 4-1 Interest Conversion Menu Items Item Description Nom%= The stated annual interest rate compounded periodically, such as 18% compounded monthly. Eff%= The rate, that compounded only once, that is, annually, would produce the same final value as the nominal rate. P/YR= Payments or compounding periods per year. Default is 12. Using the Iconv menu, find the effective rate of a 36.5% nominal rate compounded daily. See Figure 3-1 for help with navigating through the menu. This example is calculated with RPN as the active operating mode. See Table 4-2. Table 4-2 Interest Rate Conversion Example Keys Display Description :& Opens the Iconv menu, starting with the current value of the nominal percentage rate. 36. 5I Inputs 36.5 as the current nominal percentage rate. 41

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Time Value of Money
41
Table 4-1
Interest Conversion Menu Items
Item
Description
Nom%=
The stated annual interest rate compounded periodically,
such as 18% compounded monthly.
Eff%=
The rate, that compounded only once, that is, annually,
would produce the same final value as the nominal rate.
P/YR=
Payments or compounding periods per year. Default is
12
.
Using the Iconv menu, find the effective rate of a 36.5% nominal rate
compounded daily. See Figure 3-1 for help with navigating through the
menu. This example is calculated with RPN as the active operating mode.
See Table 4-2.
Table 4-2
Interest Rate Conversion Example
Keys
Display
Description
:&
Opens the Iconv menu, starting with
the current value of the nominal
percentage rate.
36.
5I
Inputs
36.5
as the current nominal
percentage rate.