hi how do I calculate APR for infinite when my EAR is 25.4%. possible to tell me the steps as I’m using Texas ba2 plus professional.
ln(1 + 25.4%)
Do u know how to show this in the ba2 plus professional calculator.
Enter 1.254, then press the LN key (left column, 4th from the bottom). The answer is 0.226338, or 22.6338%.
Thank you so much!
Using ICONV on the BAII (I’m at Starbucks and my BAII is back at home)
EFF 25.4 C/Y 525,600 (or something else super high) CPT NOM something darned close to 22.63384422
No wonder you are at Starbucks !