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162 Section 15: Savings
File name: hp 12c_user's guide_English_HDPMBF12E44 Page: 162 of 209
Printered Date: 2005/7/29 Dimension: 14.8 cm x 21 cm
Nominal Rate Converted to Continuous Effective Rate
This procedure converts a nominal annual interest rate to the continuous effective
rate.
1. Press 1\.
2. Key in the nominal rate as a percentage then press b.
3. Press g>à.
Example:
What is the effective rate resulting from a 5
1
/
4
% passbook rate with
continuous compounding
?
Keystrokes Display
1\5.25b
g>
1.05
à
5.39
Continuous rate.