A Other CNVR Mode Calculations

Example 2: To convert an effective interest rate (EFF) to

a nominal interest rate (APR)

  In step 2 of the basic procedure (Example 1), select  APR:

Solve .

A CNVR Mode Financial Calculation Variables

(VARS)

  Variables 

n

 and I are used in the CNVR Mode.

  A value is assigned to I whenever you perform an EFF

or APR calculation in the CNVR Mode.

  The values of CNVR Mode variables are retained even if

you change to another mode. Note, however, that CNVR

Mode variables are also used by other modes, so

performing an input or calculation operation may change

the values assigned to them.

  Though CNVR Mode variables are financial calculation

variables, they are also used by arithmetic and function

operations in the COMP Mode.

A Calculation Formulas

APR/100

n

EFF =  1+

 1    100

n

1

EFF

n

APR =  1+ 

 1     n  100

100

APR

: nominal interest rate (%)

EFF

: effective interest rate (%)

n

: number of annual compoundings

k Cost/Sell/Margin Mode

  The Cost/Sell/Margin (COST) Mode lets you calculate

cost, selling price, or margin after inputting the other two

values. You can input the cost and selling price, for

example, and calculate the margin.

E 61