The Icnv Menu; Converting Interest Rates - HP 17BIIPLUS Owner's Manual

The ICNV Menu

TVM
PER
NOM% EFF%
The ICNV menu converts between nominal and effective interest rates,
using either:
! Periodic compounding; for example, quarterly, monthly, or daily
compounding.
! Continuous compounding.

Converting Interest Rates

To convert between a nominal annual interest rate and an effective
annual interest rate that is compounded periodically :
1. Press " h
2. Press i for periodic.
3. Key in the number of compounding periods per year and press
1
.
4. To convert to the effective rate, first key in the nominal rate and press
j , then press
5. To convert to the nominal rate, first key in the effective rate and press
k , then press
FIN BUS SUM
ICNV CFLO BOND
CONT
P NOM% EFF%
to display the interest conversions menu.
k .
j .
6: Interest Rate Conversions
TIME SOLVE CURRX
DEPRC
85