Compounding And Payment Periods Differ - HP 10BII Owner's Manual

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effective rate.
Compounding and Payment Periods Differ
The TVM application assumes that the compounding
periods and the payment periods are the same. Some loan
installments or savings deposits and withdrawals do not
coincide with the bank's compounding periods. If the
payment period differs from the compounding period,
adjust the interest rate to match the payment period
before solving the problem.
5: Time Value of Money Calculations 73