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Karmen LiaBraaten Posted on Oct 26, 2006

Interest conversion I'm attempting to do interest conversion on the calculator. Originally, I believe the only problem I had is that under the ICONV screen, I would enter a number for nominal interest, then a number for I/Y, and then when I would go back up to effective and hit compute, nothing would happen - I would just get all zeros. Then I looked in the manual for the calculator, and it said something about clearing the worksheet, so I did that - the 2nd key and then clr work. Now, when I go to the ICONV menu and enter a number for nominal, it doesn't stay. For example, if I go enter a number for I/Y, and go back up to nominal, my number that I entered has changed to 0. And if I go try to compute the effective, the same thing happens as before - I get 0. Any hints here? I'm taking a test with this in a couple of weeks, so if nothing else I can go buy a new one, but if it's something I'm doing it'll happen on a different calculator too.... Thanks.

1 Answer



Try hitting Enter after plugging in the numbers. That should make the numbers stay.

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Related Questions:


Where is iconv function for calculating effective interest rate ?

Page 24 of the attached manual shows you how to calculate the effective interest rate. I couldn't find an iconv function, but there are functions to move between the simple and effective interest rate.

Good luck,


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Paypal along with any other bank can charge you above current listed exchange rates. They are charging what is called a currency conversion fee on top of the conversion rate. For instance, American Express will charge say 4% on top of the conversion when you spend foreign currency on their cards. MasterCard & Visa do the same thing. Even if you were to go to England tomorrow, when you bring your US dollars to have them converted in the airport the rate is always above the current spot market rate because they include a conversion fee. Sorry but you aren't due any money back and no interest, Paypal is doing nothing wrong.

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