Nominal Rate Converted To Continuous Effective Rate - HP 12C Platinum Owner's Handbook Manual

Keystrokes (RPN mode)
M¼
:n§
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 5¼% passbook rate with
continuous compounding?
Keystrokes (RPN mode)
1\5.25b
g>
à
Display
1.31
Percent nominal interest rate.
5.25
Display
1.05
Continuous rate.
5.39
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