HP 20B - Manual (Page 35)

Time Value of Money
35
To reset the menu items to their default values, with any item of the Amortization menu displayed press
:x
. With TVM
displayed, press
I
. At the TVM Reset prompt, press
I
to reset, or
O
to cancel.
Interest Conversion Menu
Figure 3 The Menu Map for the Interest Conversion Menu
To open the Interest Conversion menu (IConv) press
:&
.
Table 3-5 Interest Conversion Menu Items
Item Description
Nom.% Nominal interest rate: the stated annual interest rate
compounded as represented by
P/YR, such as 18%
compounded monthly ( P/YR=12 ).
Eff.% Effective annual interest rate taking compounding into
account.
C/YR Compounding periods per year. Default is 12.
Using the Interest Conversion Menu
Find the effective rate of a 36.5% nominal rate compounded daily. See Table 3-6. See Figure 3 for help with navigating
through the menu.
Table 3-6 Interest Rate Conversion Example
Keys Display Description
:& Opens the IConv menu, starting with the current value of the
nominal percentage rate.
36.
5I Inputs 36.5 as the nominal percentage rate.
> Scrolls to compounding periods per year, C/YR. Default value
is 12.