20060301
15-6-1
Interest Conversion
15-6 Intere
s
t Conver
s
ion
Interest Conversion lets you calculate the effective or nominal interest rate for interest that is
compounded multiple times during a year.
Intere
s
t Conver
s
ion Field
s
The following fields appear on the Interest Conversion calculation page.
Field
De
s
cription
N
Number of times interest is compounded per year
EFF
Effective interest rate (as a percent)
APR
Nominal interest rate (as a percent)
I
Example 1
What is the annual effective interest rate ([EFF]) on a certificate that offers a nominal interest
rate of 3% ([APR]), compounded quarterly (N = 4)?
Summary of Contents for ClassPad 330
Page 11: ...20060301 20090601 ClassPad 330 ClassPad OS Version 3 04 ...
Page 277: ...20060301 3 3 10 Storing Functions 3 Tap AND Plot OR Plot ...
Page 779: ...20090601 S Graph Line Clustered C S Graph Line Stacked E 13 9 2 Graphing ...
Page 780: ...20090601 S Graph Line 100 Stacked F S Graph Column Clustered G 13 9 3 Graphing ...
Page 781: ...20090601 S Graph Column Stacked I S Graph Column 100 Stacked J 13 9 4 Graphing ...
Page 782: ...20090601 S Graph Bar Clustered K S Graph Bar Stacked 9 13 9 5 Graphing ...