Sharp EL-9900 User Manual
192
Chapter 11: Financial Features
Conversion functions
11
→Apr ( →Apr (effective interest rate, number of settlements)
Converts effective interest rate to nominal interest rate
Example
If the effective interest rate is
12.55%, how much is the
nominal interest rate for the
quarterly compound interest? If
the monthly compound interest
rate is 10.5%, how much is the
nominal interest rate?