CFA CFA Level 1 EAR on the calculator

EAR on the calculator

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    • Avatar of vincenttvincentt
      Participant
        • CFA Level 3
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        4
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        This might not follow the sequence of your screen grab but it does the same thing.

        1.
        [2nd] + [ICONV]
        You should see “NOM” which is the nominal rate, key in 10 and press [ENTER].

        2. press arrow down twice till you see C/Y
        type in 12 and press [ENTER] (that’s amount of times to compound a year)

        3. press arrow UP to “EFF”.

        That’s the effective rate, press CPT to get the EAR.

      • Up
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        The blanks are for the arrow keys. In your example Nom = 10, C/Y = 12 and then you compute EFF. Its probably just as quick to work it out though.

      • Avatar of SnippySnippy
        Participant
          • CFA Level 2
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          2
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          Got it. Thanks @vincentt & @Swift 😀

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