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Accuracy of HP Financial Calculators - Canadian mortgage
01-08-2014, 11:42 AM
Post: #5
RE: Accuracy of HP Financial Calculators - Canadian mortgage
To convert from a nominal Canadian annual rate to the effective nominal rate, use:

200
/
LN1+X
6
/
E^X-1
100
*

Then, the HP42S gets the monthly rate as 0.248451672465 and the PMT as -2,129.60474341, just like the 30b

Cheers, Werner

41CV†,42S,48GX,49G,DM42,DM41X,17BII,15CE,DM15L,12C,16CE
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RE: Accuracy of HP Financial Calculators - Canadian mortgage - Werner - 01-08-2014 11:42 AM



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