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Chapter 9: 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, 2012 to
December 31, 2019.
194
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