Interest Conversion Menu; Using The Interest Conversion Menu - HP 20B User Manual

To reset the menu items to their default values, with any item of the Amortization menu displayed press
I
displayed, press

Interest Conversion Menu

To open the Interest Conversion menu (IConv) press

Using the Interest Conversion Menu

Find the effective rate of a 36.5% nominal rate compounded daily. See Table 3-6. See Figure 3 for help with navigating
through the menu.
Table 3-6 Interest Rate Conversion Example
Keys
:&
36.
5I
>
. At the TVM Reset prompt, press
Figure 3 The Menu Map for the Interest Conversion Menu
Table 3-5 Interest Conversion Menu Items
Item Description
Nom.% Nominal interest rate: the stated annual interest rate
compounded as represented by P/YR , such as 18%
compounded monthly ( P/YR=12 ).
Eff.% Effective annual interest rate taking compounding into
account.
C/YR Compounding periods per year. Default is 12 .
Display
I
to reset, or
:&
.
Description
Opens the IConv menu, starting with the current value of the
nominal percentage rate.
Inputs 36.5 as the nominal percentage rate.
Scrolls to compounding periods per year, C/YR . Default value
is 12 .
35
Time Value of Money
:x
O
to cancel.
. With TVM