Page 6 - FINAL CFA I SLIDES JUNE 2019 DAY 2
P. 6
LOS 6.c: Calculate and interpret the EAR, given the Session Unit 2: The Time Value of Money
stated annual interest rate and the frequency of
compounding.
For 6%, we have e0.06 – 1 = 6.1837%.
Keystrokes:
0.06 [2nd] [ex] [–] 1 [=] 0.061837.
