Calculation formulas -6-2, Calculation formulas – Casio CLASSPAD 330 3.04 User Manual
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Calculation Formulas
EFF
=
n
APR/
100
1+
–1
× 100
n
APR
=
100
EFF
1+
–1
× n ×100
1
n
15-6-2
Interest Conversion
I Example 2
What is the nominal interest rate ([APR]) on a certificate that offers an annual effective
interest rate ([EFF]) of 5%, compounded bi-monthly (N = 6)?
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