HP F2219AA#ABA HP 20b Business Consultant Financial Calculator Manual - Page 35

Interest Conversion Menu

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Time Value of Money :x To reset the menu items to their default values, with any item of the Amortization menu displayed press . With TVM I I O displayed, press . At the TVM Reset prompt, press to reset, or to cancel. 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 P/YR, such as 18% compounded monthly (P/YR=12 ). Eff.% Effective annual interest rate taking compounding into account. C/YR Compounding periods per year. Default is 12. Using the Interest Conversion Menu Find the effective rate of a 36.5% nominal rate compounded daily. See Table 3-6. See Figure 3 for help with navigating through the menu. Table 3-6 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 nominal percentage rate. > Scrolls to compounding periods per year, C/YR. Default value is 12. 35

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Time Value of Money
35
To reset the menu items to their default values, with any item of the Amortization menu displayed press
:x
. With
TVM
displayed, press
I
. At the
TVM Reset
prompt, press
I
to reset, or
O
to cancel
.
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
P/YR
, such as 18%
compounded monthly (
P/YR=12
).
Eff.%
Effective annual interest rate taking compounding into
account.
C/YR
Compounding periods per year. Default is
12
.
Using the Interest Conversion Menu
Find the effective rate of a 36.5% nominal rate compounded daily. See Table 3-6. See Figure 3 for help with navigating
through the menu.
Table 3-6
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 nominal percentage rate.
>
Scrolls to compounding periods per year,
C/YR
. Default value
is
12
.