HP HP-18C - Clearing the ICONV Variables

Figure 4-12_ Shared Variables
TVM
ICONV CFLO
I
EFFCT
CO NT
I
I
NOM% EFF%
P
NOM% EFF%
t
Shared variables
t
Clearing the ICONV Variables
NOM%, EFF%, and P are cleared when you enter the ICONV menu .
Pressing
.1 CLEAR ALL I in the EFFCT or CONT menus clears NOM%
and EFF%. In the EFFCT menu, P is also cleared.
Example: Converting from a nominal to an effective interest
rate.
You are considering opening a savings account in one of three
banks . Which bank has the most favorable interest rate?
Bank
#1 6.7% annual interest, compounded quarterly
Bank
#2 6.65% annual interest, compounded monthly
Bank #3 6.65% annual interest, compounded continuously
78 4: Time Value of Money