Thread: effective annual interest rate

I am stuck on this problem: I am asked to graph the effective annual interest rate u(n)% corresponding to a nominl annual rate of 10% compounded n times per year. Use the window settings 1 is less than or equal to n less than or equal to 365; 0 is less than or equal to x less than or equal to 356; 10 is less than or equal to y less than or equal to 10.6.
I am asked to determine the effective annual interest rate corresponding to a 10% per annum nominal rate: compounded monthly and compounded daily. How would I go about setting up the window? I guess that is the first place to start.
Thank You,
Keith Stevens

Originally Posted by kcsteven

I am stuck on this problem: I am asked to graph the effective annual interest rate u(n)% corresponding to a nominl annual rate of 10% compounded n times per year. Use the window settings 1 is less than or equal to n less than or equal to 365; 0 is less than or equal to x less than or equal to 356; 10 is less than or equal to y less than or equal to 10.6.
I am asked to determine the effective annual interest rate corresponding to a 10% per annum nominal rate: compounded monthly and compounded daily. How would I go about setting up the window? I guess that is the first place to start.
Thank You,
Keith Stevens

It sounds to me that you are being asked to plot this on a specific device.
If so it might help if you told us what that device was.

On the system I usually use this would be done with the setplot function, in
this case the command would look like:

>setplot(1,365,10,10.6)

That is "setplot(xmin,xmax,ymin,ymax)"

But your device probably has some other way of doing this.

RonL

Originally Posted by CaptainBlack

It sounds to me that you are being asked to plot this on a specific device.
If so it might help if you told us what that device was.

On the system I usually use this would be done with the setplot function, in
this case the command would look like:

>setplot(1,365,10,10.6)

That is "setplot(xmin,xmax,ymin,ymax)"

But your device probably has some other way of doing this.

RonL

I have a TI-84 plus calculator and I have never used "setplot" before.
Thank you,
Keith