Calculating Interest Conversion

Calculating an Interest Conversion

Use the interest conversion functions (menu items B and C) to convert interest rates from an annual effective rate to a nominal rate (4Nom( ) or from a nominal rate to an annual effective rate (4Eff( ).

4Nom(

4Nom( computes the nominal interest rate. effective rate and compounding periods must be real numbers. compounding periods must be >0.

4Nom(effective rate,compounding periods)

4Eff(

4Eff( computes the effective interest rate. nominal rate and compounding periods must be real numbers. compounding periods must be >0.

4Eff(nominal rate,compounding periods)