7-9
• {
3
INT
} … {total interest paid from installment PM1 to installment PM2}
• {
3
PRN
} … {total principal paid from installment PM1 to installment PM2}
• {
CMPD
} … {compound interest screen}
• An error (Ma ERROR) occurs if parameters are not configured correctly.
Use the following function menus to maneuver between calculation result screens.
• {
REPT
} … {parameter input screen}
• {
CMPD
} … {compound interest screen}
• {
GRPH
} … {draws graph}
After drawing a graph, you can press
(TRCE) to turn on trace and read calculation
results along the graph.
The first press of
(TRCE) displays
,17
and
PRN
when
n
= 1. Each press of
C
shows
,17
and
PRN
when
n
= 2,
n
= 3, and so on.
Press
)
to return to the parameter input screen.
6. Interest Rate Conversion
The procedures in this section describe how to convert between the annual percentage rate
and effective interest rate.
S
Formula
APR
: annual percentage rate (%)
EFF
: effective interest rate (%)
n
: number of compoundings
Press
(CNVT) from the Financial 1 screen to display the following input screen for interest
rate conversion.
(CNVT)
n
........... number of compoundings
I
% ......... interest rate
EFF
=
n
APR/
100
1 +
–1
s
100
n
EFF
=
n
APR/
100
1 +
–1
s
100
n
APR
=
100
EFF
1 +
–1
s
n
s
100
1
n
APR
=
100
EFF
1 +
–1
s
n
s
100
1
n
Summary of Contents for FX-7400GII
Page 337: ...E CON2 Application ...
