HP 12c financial calculator Manuale Utente
Section 15: Savings 161
File name: hp 12c_user's guide_English_HDPMBF12E44
Page: 161 of 209
Printered Date: 2005/7/29
Dimension: 14.8 cm x 21 cm
REGISTERS
n: # Periods.
i: Nom. Rate/n
PV: 0
PMT: Used.
FV: Eff. Rate
R
0
–R
.9
: Unused
1. Key in the program.
2. Key in the annual nominal rate as a percentage then press \.
3. Key in the number of compounding periods per year then press t to
2. Key in the annual nominal rate as a percentage then press \.
3. Key in the number of compounding periods per year then press t to
obtain the effective annual interest rate.
4. For a new case return to step 2.
Example 2: What is the effective annual rate of interest if the annual nominal
rate of 5
rate of 5
1
/
4
% is compounded monthly?
Keystrokes Display
5.25\
12t
5.38
Percent effective interest rate.
Effective Rate Converted to Nominal Rate
Given an effective interest rate and the number of compounding periods per year,
this routine calculates the nominal interest rate.
this routine calculates the nominal interest rate.
1. Press fCLEARG.
2. Key in the number of periods per year then press n.
3. Key in 100 then press \$.
4. Key in the effective annual rate as a percentage then press +ÞM¼.
5. Press :n§ to obtain the annual nominal rate.
2. Key in the number of periods per year then press n.
3. Key in 100 then press \$.
4. Key in the effective annual rate as a percentage then press +ÞM¼.
5. Press :n§ to obtain the annual nominal rate.
Example: Find the nominal rate if the effective annual rate is 5.35%
compounded quarterly.
compounded quarterly.
Keystrokes Display
fCLEARG
4n100\$
100.00
5.35+Þ
–105.35
M¼
1.31
:n§
5.25
Percent nominal interest rate.