Re: Problem with Interest entry Message #2 Posted by gene wright on 15 June 2011, 4:46 p.m., in response to message #1 by Don Griffith
Hi. The interest rates on the 12c (and most financial calculators) are expressed as you see in the manual, i.e., 13% is 13; 10% is 10.
When you divide by 12, you will see 10/12 or 0.8333, etc.
The calculator always does the "divide by 100" when it uses the interest rate.
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