Chapter 14: Applications
261
Calculating Interest Conversion
Calculating an Interest Conversion
Use the interest conversion functions (menu items
B
and
C
) to convert interest rates from an
annual effective rate to a nominal rate (
4
Nom(
) or from a nominal rate to an annual effective rate
(
4
Eff(
).
4
Nom(
4
Nom(
computes the nominal interest rate.
effective rate
and
compounding periods
must be real
numbers.
compounding periods
must be >0.
4
Nom(
effective rate
,
compounding periods
)
4
Eff(
4
Eff(
computes the effective interest rate.
nominal rate
and
compounding periods
must be real numbers.
compounding periods
must be >0.
4
Eff(
nominal rate
,
compounding periods
)
Finding Days between Dates/Defining Payment Method
dbd(
Use the date function
dbd(
(menu item
D
) to calculate the number of days between two dates using
the actual-day-count method.
date1
and
date2
can be numbers or lists of numbers within the range
of the dates on the standard calendar.
Note:
Dates must be between the years 1950 through 2049.
dbd(
date1
,
date2
)
You can enter
date1
and
date2
in either of two formats.
•
MM.DDYY (United States)
•
DDMM.YY (Europe)
