HP 20b HP 20b Calculator Quick Start Guide - Page 42

TVM Keys and Entering Values

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Time Value of Money Table 4-2 Interest Rate Conversion Example Keys > Display 365 I >= Description Scrolls to payments per year, P/YR. Default value is 12. 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 I or O. 42

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Time Value of Money
42
Table 4-2
Interest 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
I
or
O
.