Nominal and Effective Rates Calculator
Converts the nominal annual interest rate to the effective one and vice versa. | ||
Nominal and Effective Rates
| [1-9] /9 | Disp-Num |   |
- Purpose of use
- For teaching and home use.
- Comment/Request
- For all of the Interest rate calculators, please provide more definition (more background information) regarding proper use of:
r=nominal interest rate
R=effective interest rate
I=simple interest
[1] 2019/02/18 04:26 Male / 50 years old level / Others / Very /
- Purpose of use
- = ((1 + 0.03258)^1/365 – 1) * 365
= 0.03206 or 3.206% nominal rate
Converting an effective rate to a nominal rate for a 90 day bank bill
[2] 2018/08/18 18:51 Male / 20 years old level / An office worker / A public employee / Very /
- Purpose of use
- Test Review Question Checker
- Comment/Request
- Explain how to solve for rates in either direction(In Great Detail).
[3] 2018/05/07 06:37 Male / Under 20 years old / High-school/ University/ Grad student / Useful /
- Purpose of use
- Confirm calcs
[4] 2018/03/04 16:39 Female / Under 20 years old / High-school/ University/ Grad student / Useful /
- Purpose of use
- to review
[5] 2017/06/14 23:17 Female / Under 20 years old / High-school/ University/ Grad student / Very /
- Purpose of use
- finance paper
[6] 2017/04/18 01:11 Female / 20 years old level / High-school/ University/ Grad student / Useful /
- Purpose of use
- purposely for maths assignment.
- Comment/Request
- thanks.helpful. i use the nominal formula and i got the correct answer..
[7] 2016/11/11 22:56 - / 20 years old level / Others / Useful /
- Purpose of use
- To calculated future income from annuities.
[8] 2016/10/05 08:21 Male / 60 years old level or over / An office worker / A public employee / Very /
- Purpose of use
- For all calculations.
- Comment/Request
- Excellent
[9] 2009/09/01 14:23 Male / 20 level / An office worker / Very /
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