Interest Rate Conversion
To convert between nominal and effective interest rates, enter the known rate and
the number of periods per year, then solve for the unknown rate.
Table 1- 1 9 Keys for interest rate conversion
Find the annual effective interest rate of 10% nominal interest compounded
Table 1-20 Calculating the interest rate
For more information on interest rate conversions, refer to the section titled,
Interest Rate Conversions in chapter 6, Time Value of Money Calculations in the
HP 10bII+ Financial Calculator User's Guide.
Nominal interest percent.
Effective interest percent.
Periods per year.
Enters nominal rate.
Enters payments per