HP 30b HP 20b Business Consultant and HP 30b Business Professional User's Guid - Page 41
Interest Conversion Menu, To open the Interest Conversion menu, press
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Interest Conversion Menu :& Nom.% Eff.% DWN C/YR Figure 3 The Menu Map for the Interest Conversion Menu :& To open the Interest Conversion menu (IConv) press . Table 3-5 Interest Conversion Menu Items Item Nom.% Eff.% C/YR Description Nominal interest rate: the stated annual interest rate compounded as represented by C/YR, such as 18% compounded monthly (C/YR=12 ). Effective annual interest rate taking compounding into account. Compounding periods per year. Default is 12. Time Value of Money 33
Time Value of Money
33
Interest Conversion Menu
Figure 3
The Menu Map for the Interest Conversion Menu
To open the Interest Conversion menu (
IConv
) press
:&
.
Table 3-5
Interest Conversion Menu Items
Item
Description
Nom.%
Nominal interest rate: the stated annual interest rate compounded as represented by
C/YR
, such as 18% compounded monthly (
C/YR=12
).
Eff.%
Effective annual interest rate taking compounding into account.
C/YR
Compounding periods per year. Default is
12
.
:&
Nom.%
Eff.%
C/YR
DWN