Casio ClassPad 330 - Calculation Formulas

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
k
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)?