# Nominal and Effective Rates Calculator

## Converts the nominal annual interest rate to the effective one and vice versa.

 Annual interest rate % nominal (r) effective (R)
 Compounded (k) annually semiannually quarterly monthly daily
 6dgt10dgt14dgt18dgt22dgt26dgt30dgt34dgt38dgt42dgt46dgt50dgt
 $\normal Nominal\ and\ effective\ rates\\[10](1)\ Nominal\ annual\ interest\ rate\\\hspace{25} r=((1+R)^{\normal\frac{1}{k}}-1)\times k\\\hspace{25}\normal k:\ number\ of\ compounds\ a\ year\\[10](2)\ Effective\ annual\ interest\ rate\\\hspace{25} R=(1+{\large\frac{r}{k}})^{k}-1\\$

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