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 (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)

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