Nominal and Effective Rates Calculator

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

Nominal and Effective Rates
    1. Annual interest rate
    2. %
    1. Compounded (k)

    Nominal and Effective Rates
    [1-9] /9Disp-Num
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    [1]  2019/02/18 04:26   Male / 50 years old level / Others / Very /
    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
    [2]  2018/08/18 18:51   Male / 20 years old level / An office worker / A public employee / 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
    [3]  2018/05/07 06:37   Male / Under 20 years old / High-school/ University/ Grad student / Useful /
    Purpose of use
    Test Review Question Checker
    Comment/Request
    Explain how to solve for rates in either direction(In Great Detail).
    [4]  2018/03/04 16:39   Female / Under 20 years old / High-school/ University/ Grad student / Useful /
    Purpose of use
    Confirm calcs
    [5]  2017/06/14 23:17   Female / Under 20 years old / High-school/ University/ Grad student / Very /
    Purpose of use
    to review
    [6]  2017/04/18 01:11   Female / 20 years old level / High-school/ University/ Grad student / Useful /
    Purpose of use
    finance paper
    [7]  2016/11/11 22:56   - / 20 years old level / Others / Useful /
    Purpose of use
    purposely for maths assignment.
    Comment/Request
    thanks.helpful. i use the nominal formula and i got the correct answer..
    [8]  2016/10/05 08:21   Male / 60 years old level or over / An office worker / A public employee / Very /
    Purpose of use
    To calculated future income from annuities.
    [9]  2009/09/01 14:23   Male / 20 level / An office worker / Very /
    Purpose of use
    For all calculations.
    Comment/Request
    Excellent

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