A Entering the CNVR Mode

  Press n to enter the CNVR Mode.

Value Input Screen

A Setting Values

Values Used

No. Display

Name

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.

E 60