Nominal Rate Converted To Continuous Effective Rate - HP 12c User Manual

162 Section 15: Savings

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 5
continuous compounding ?
Keystrokes
1\5.25b
g>
à
File name: hp 12c_user's guide_English_HDPMBF12E44
Printered Date: 2005/7/29
Display
1.05
5.39
Continuous rate.
Page: 162 of 209
Dimension: 14.8 cm x 21 cm
1
/ % passbook rate with
4