Casio classpad 330 3.04 User Manual
20060301
Tip
• You can change any value and then tap a button to recalculate.
Calculation Formulas
EFF
=
n
APR/
100
1+
–1
× 100
n
APR
=
100
EFF
1+
–1
× n ×100
1
n
15-6-2
Interest Conversion
I Example 2
What is the nominal interest rate ([APR]) on a certificate that offers an annual effective
interest rate ([EFF]) of 5%, compounded bi-monthly (N = 6)?
interest rate ([EFF]) of 5%, compounded bi-monthly (N = 6)?