HP 10bII+ - 2 Getting Started; Power On and Off

Getting Started 17
Interest Rate Conversion
To convert between nominal and effective interest rates, enter the known rate and
the number of periods per year, then solve for the unknown rate.
Find the annual effective interest rate of 10% nominal interest compounded
monthly.
For more information on interest rate conversions, refer to the section titled,
Interest Rate Conversions in chapter 6, Time Value of Money Calculations in the
HP 10bII+ Financial Calculator User’s Guide.
Table 1-19 Keys for interest rate conversion
Keys Description
\Ó
Nominal interest percent.
\Ð
Effective interest percent.
\Í
Periods per year.
Table 1-20 Calculating the interest rate
Keys Display Description
J:\Ó
10.00 Enters nominal rate.
JG\Í
12.00 Enters payments per
year.
\Ð
10.47 Calculates annual
effective interest.