"AST1CAL3 EQUATION VARIABLE |N15 1N|","10-01-1993","09:04:32"
"FREQCONV=12/CMPERIOD N=FREQCONV*NUMYEARS I=ANNRATE%/FREQCONV S=RND(P*(1+I/100)^N) EARNINT=S-P EFFRATE%=RND(100*((1+I/100)^FREQCONV-1))"
"COMPOUND INTEREST, FREQUENCY OF CONVERSION, INTEREST PERIOD,   COMPOUND AMOUNT, NOMINAL and EFFECTIVE RATES. The nominal annual rate percent ofcompounding is ANNRATE%, the compounding period in months is CMPERIOD, = 1/30   for daily, =1 for monthly, =3 for quarterly, =12 for yearly. FREQCONV is the    number of compoundings in one year. N is number of compounding/interest periods in the term NUMYEARS.  I is the nominal rate % per compounding period.  S is thevalue of the principal P after NUMYEARS of compounding at a nominal annual rate of ANNRATE%.  EARNINT is actual earned interest and EFFRATE% is effective       annual interest rate.                                    (c) PCSCC, Inc., 1993                 || A principal of $1,000 is invested at 7.5% nominal interest,   compounded daily (CMPERIOD=1/30) for 1 year. (a) What is its compound value     after 1 year? (b) What is the earned interest? (c) What is the effective rate?         Type comma key to see answers.      Type (F2) to return to helpfile."
10
360,0,""
360,0,""
2.083333333333333D-02,0,""
1077.88,0,""
77.88,0,""
7.79,0,""
3.333333333333333D-02,0,""
1,0,""
7.5,0,""
1000,0,""
1
0
0