Sharp EL9900C EL-9900C - Page 202

Chapter 11: Financial Features Conversion functions 11 →Apr ( →Apr (effective interest rate, number of settlements) Converts effective interest rate to nominal interest rate Example If the effective interest rate is 12.55%, how much is the nominal interest rate for the quarterly compound interest? If the monthly compound interest rate is 10.5%, how much is the nominal interest rate? 12 →Eff ( →Eff (nominal interest rate, number of settlements) Converts nominal interest rate to effective interest rate Example If the annual (nominal) interest rate is 8%, how much is the effective interest rate for monthly compound interest? How much is it over half a year? 13 days ( days (start month.day year, end month.day year) days (day month.year, day month.year) Calculates the number of days between dates entered (within the range of 1950 to 2049) Year, month, and day must be entered in 2-digit form. For example, enter 02 for 2002. Calculate the number of days from September 1, 1997 to December 31, 2004. 192