Interest rate conversion, Interest, Rate – Casio FX-CG10 User Manual
Page 276: Conversion
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6. Interest Rate Conversion
The procedures in this section describe how to convert between the annual percent rate and
effective interest rate.
u Formula
APR
: annual percent rate (%)
EFF
: effective interest rate (%)
n
: number of compoundings
Press
5(CONVERT) from the Financial 1 screen to display the following input screen for
interest rate conversion.
5(CONVERT)
n
........... number of compoundings
I
% ......... interest rate
After configuring the parameters, use one of the function menus noted below to perform the
corresponding calculation.
• {
'EFF } … {converts annual percent rate to effective interest rate}
• {
'APR } … {converts effective interest rate to annual percent rate}
• An error occurs if parameters are not configured correctly.
Use the following function menu to maneuver between calculation result screens.
• { REPEAT } … {parameter input screen}
EFF
=
n
APR/
100
1+
–1
× 100
n
EFF
=
n
APR/
100
1+
–1
× 100
n
APR
=
100
EFF
1+
–1
× n ×100
1
n
APR
=
100
EFF
1+
–1
× n ×100
1
n