HP HP12C hp 12c_user's guide_English_E_HDPMBF12E44.pdf - Page 162
Nominal Rate Converted to Continuous Effective Rate
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162 Section 15: Savings Nominal Rate Converted to Continuous Effective Rate This procedure converts a nominal annual interest rate to the continuous effective rate. 1. Press 1\. 2. Key in the nominal rate as a percentage then press b. 3. Press g>à. Example: What is the effective rate resulting from a 51/4% passbook rate with continuous compounding? Keystrokes 1\5.25b g> à Display 1.05 5.39 Continuous rate. File name: hp 12c_user's guide_English_HDPMBF12E44 Printered Date: 2005/7/29 Page: 162 of 209 Dimension: 14.8 cm x 21 cm
162 Section 15: Savings
File name: hp 12c_user's guide_English_HDPMBF12E44
Page: 162 of 209
Printered Date: 2005/7/29
Dimension: 14.8 cm x 21 cm
Nominal Rate Converted to Continuous Effective Rate
This procedure converts a nominal annual interest rate to the continuous effective
rate.
1. Press 1
\
.
2. Key in the nominal rate as a percentage then press
b
.
3. Press
g>à
.
Example:
What is the effective rate resulting from a 5
1
/
4
% passbook rate with
continuous compounding
?
Keystrokes
Display
1
\
5.25
b
g>
1.05
à
5.39
Continuous rate.