Education Technology

Finance App

How do I calculate interest conversion?

Calculating an Interest Conversion

Use the interest conversion functions (calculate menu items B and C) to convert interest rates from an annual effective rate to a nominal rate (⏵Nom( ) or from a nominal rate to an annual effective rate (⏵Eff( ).

⏵Nom(

⏵Nom( computes the nominal interest rate. effective rate and compounding periods must be real numbers. compounding periods must be >0.

⏵Nom(effective rate, compounding periods)

⏵Eff(

⏵Eff( computes the effective interest rate. nominal rate and compounding periods must be real numbers. compounding periods must be >0.

⏵Eff(nominal rate, compounding periods)

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