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Continuous Rate Converted To Effective Rate - HP 12C Platinum User Manual

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220 Section 15: Savings
Example: Find the nominal rate compounded quarterly if the effective annual rate
is 5.35%.
Keystrokes
Keystrokes
(RPN mode)
(ALG mode)
f]
f[
fCLEARG
fCLEARG
4n100$
4n100$
5.35+Þ
+5.35³Þ
:n§
§:n³

Continuous Rate Converted to Effective Rate

This procedure converts a continuous annual interest rate to the effective rate.
1. RPN: Press 1\.
1. ALG: Press 1³.
2. Key in the continuous rate as a percentage then press b.
3. Press g>à.
Example: What is the effective rate resulting from a 5.25% passbook rate with
continuous compounding ?
Keystrokes
Keystrokes
(RPN mode)
(ALG mode)
f]
f[
1\5.25b
1³5.25b
g>
g>
à
à
Display
100.00
–105.35
1.31
Percent nominal interest
5.25
rate.
Display
0.05
1.05
Effective rate.
5.39

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