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Time Value of Money
35
To reset the menu items to their default values, with any item of the Amortization menu displayed press :x. With TVM
displayed, press I. At the TVM Reset prompt, press I to reset, or O to cancel.
Interest Conversion Menu
Figure 3 The Menu Map for the Interest Conversion Menu
To open the Interest Conversion menu (IConv) press :&.
Table 3-5 Interest Conversion Menu Items
Item Description
Nom.% Nominal interest rate: the stated annual interest rate
compounded as represented by
P/YR
, such as 18%
compounded monthly (
P/YR=12
).
Eff.% Effective annual interest rate taking compounding into
account.
C/YR Compounding periods per year. Default is
12
.
Using the Interest Conversion Menu
Find the effective rate of a 36.5% nominal rate compounded daily. See Table 3-6. See Figure 3 for help with navigating
through the menu.
Table 3-6 Interest Rate Conversion Example
Keys Display Description
:&
Opens the IConv menu, starting with the current value of the
nominal percentage rate.
36.
5I
Inputs
36.5
as the nominal percentage rate.
>
Scrolls to compounding periods per year,
C/YR
. Default value
is
12
.