Accuracy of HP Financial Calculators - Canadian mortgage
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01-08-2014, 11:42 AM
Post: #5
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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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