CASCALC89 COMMAND · NOT ON THE TI-89
eff(
Converts a nominal annual interest rate into the effective annual rate.
Syntax
eff(nominalRate, CpY)
- Group
- Finance
- Arguments
- Takes the nominal rate in percent and the number of compounding periods per year.
- Availability
- Pro feature in Calc89
- Origin
- TI-Nspire CAS style command; the TI-89 Titanium handheld does not have it
Example
| Input | Result |
|---|---|
| eff(5.75,12) | 5.90398312816 |
Typing eff(5.75,12) on the home screen and pressing ENTER returns 5.90398312816.
Related commands
- irr(Returns the internal rate of return of a series of cash flows, the rate at which the net present value is zero.
- mirr(Returns the modified internal rate of return, which uses separate finance and reinvestment rates.
- nom(Converts an effective annual interest rate into the nominal annual rate.
- npv(Returns the net present value of a series of cash flows at a given interest rate.
- tvmFV(Time value of money: returns the future value of a loan or savings plan.
- tvmI(Time value of money: returns the annual interest rate in percent.
- tvmN(Time value of money: returns the number of payment periods.
- tvmPmt(Time value of money: returns the payment per period, for example a monthly loan payment.