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- Topic: Effective Annual Rate
| Author | Topic: Effective Annual Rate |
|---|---|
| meihua @2005-07-13 19:55:42 |
Hi, wish to know anyone know how to calculate the Effective Annual Rate (EAR) using HP-12C? I kept getting the error message, despite following the steps. I'm stuck here. Please help. Many thanks. |
| Chet @2005-07-18 16:34:24 |
Have the TI, but possibly similar programming? For EAR, you program into the calculator the number of payments per year. So if semiannual coupons, P/Y is 2. If monthly compounding, P/Y=12, and so on. Then when entering N, the number of years, you enter the number, then push the 'xP/Y' button, to find N. Ex. A 30 year mortgage has 360 payments, rather than 30. P/Y=12. |
CFA Discussion Topic: Effective Annual Rate
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