344
Example
Calculate the annual percentage rate for an account paying an
effective interest rate of 12.55%, compounded quarterly.
In the set up screen, specify “
Norm1
” for Display and then press
J
.
Perform the following key operation from the input screen.
e
w
(
n
= 4)
bc.ff
w
(
I
% = 12.55%)
2
(
'
APR)
• The obtained value is assigned to
I
%.
P.6
19 - 6
Conversion between Percentage Interest Rate and Effective Interest Rate
Summary of Contents for CFX-9970G
Page 22: ... CFX 9970G ...
Page 452: ...435 1 2 3 4 5 Program for Circle and Tangents No 4 Step Key Operation Display ...
Page 453: ...436 Program for Circle and Tangents No 4 Step Key Operation Display 6 7 8 9 10 ...
Page 454: ...437 11 12 13 14 15 Program for Circle and Tangents No 4 Step Key Operation Display ...
Page 455: ...438 16 17 18 Program for Circle and Tangents No 4 Step Key Operation Display ...
Page 458: ...441 1 2 3 4 5 Program for Rotating a Figure No 5 Step Key Operation Display ...