HP 17bII User Manual

90 6: Interest Rate Conversions
File name : English-M02-1-040308(Print).doc Print data : 2004/3/9
7
@

25
&

0




Stores 84 deposit periods,
$25 per deposit, and no
money before the first
regular deposit.
  Value of account in 7
years.
If the interest rate were the unknown, you would first do the TVM
calculation to get I%YR (5.01). Then, in the ICNV PER menu, store 5.01
as NOM% and 12 as P for monthly compounding. Calculate EFF%
(5.13). Then change P to 365 for daily compounding and calculate
NOM% (5.00). This is the bank’s rate.

HP 17bII Specifications

General

Type	Financial Calculator
Display Type	LCD
Weight	113 grams
Key Features	Amortization, Statistics
Power Source	Batteries