Interest Rate Conversion - Casio fx-9860G AU User Manual

7-6 Interest Rate Conversion

The procedures in this section describe how to convert between the annual percentage rate
and effective interest rate.
u u u u u Formula
EFF =
APR =
Press 5(CNVT) from the Financial 1 screen to display the following input screen for
interest rate conversion.
5(CNVT)
n
....................................... number of compoundings
I
% ............................... interest rate
After configuring the parameters, use one of the function menus noted below to perform the
corresponding calculation.
• {'EFF} ... {converts annual percentage rate to effective interest rate}
• {'APR} ... {converts effective interest rate to annual percent rate}
• An error (Ma ERROR) occurs if parameters are not configured correctly.
Use the following function menu to maneuver between calculation result screens.
• {REPT} ... {parameter input screen}
7-6-1
Interest Rate Conversion
n
APR/100
1+ –1 100
n
1
n
EFF
1+ –1 n 100
100
20050401
APR
: annual percentage rate (%)
EFF
: effective interest rate (%)
:
n
number of compoundings