The ICNV Menu
TVM
PER
NOM%
EFF%
The ICNV menu converts between nominal and effective interest rates,
using either:
! Periodic compounding; for example, quarterly, monthly, or daily
compounding.
! Continuous compounding.
Converting Interest Rates
To convert between a nominal annual interest rate and an effective
annual interest rate that is compounded periodically :
1. Press
" h
2. Press
i
for periodic.
3. Key in the number of compounding periods per year and press
1
.
4. To convert to the effective rate, first key in the nominal rate and press
j
, then press
5. To convert to the nominal rate, first key in the effective rate and press
k
, then press
FIN
BUS
SUM
ICNV
CFLO
BOND
CONT
P
NOM%
EFF%
to display the interest conversions menu.
k
.
j
.
6: Interest Rate Conversions
TIME
SOLVE
CURRX
DEPRC
85