E-60
A
Entering the CNVR Mode
• Press
n
to enter the CNVR Mode.
Value Input Screen
A
Setting Values
No. Display
Name
Values Used
in Examples
1
n
Number of Annual
6
Compoundings
2
I
Interest Rate (Annual)
3%
A
Basic CNVR Mode Procedure
Example 1:
To convert a nominal interest rate (APR) to
an effective interest rate (EFF)
1. Input the number of annual compoundings (
n
) and
interest rate (
I
) values from the Setting Values table
above.
• For this example, use
fc
to select
1
“
n
”,
input 6, and then press
E
.
• Use
fc
to select
2
“
I
”, input 3, and then press
E
.
2. Select the value you want to calculate.
• For this example, use
fc
to select “EFF:
Solve”.
3. Press
l
to perform the calculation.
• Pressing the
E
key returns to the value input screen.
