HP 12c Platinum Owner's Handbook

159
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 5¼% passbook rate with
continuous compounding?
M¼
1.31
:n§
5.25
Percent nominal interest rate.
Keystrokes (RPN mode) Display
1\5.25b
g>
1.05
à
5.39
Continuous rate.
Keystrokes (RPN mode) Display

HP 12c Platinum Specifications

General

Digits	10 digits
Battery type	CR2032
Type	Financial
Form factor	Pocket

Weight and Dimensions

Weight	110 g
Dimensions (WxDxH)	79 x 129 x 15 mm