HP 12c Platinum - Nominal Rate Converted to Continuous Effective Rate

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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