# 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)annuallysemiannuallyquarterlymonthlydaily 6digit10digit14digit18digit22digit26digit30digit34digit38digit42digit46digit50digit
Nominal and Effective Rates
 [1-9] /9 Disp-Num5103050100200
[1]  2019/02/17 19:26   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 09:51   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]  2018/05/06 21:37   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 07:39   Under 20 years old / High-school/ University/ Grad student / Useful /
Purpose of use
Confirm calcs
[5]  2017/06/14 14:17   Under 20 years old / High-school/ University/ Grad student / Very /
Purpose of use
to review
[6]  2017/04/17 16:11   20 years old level / High-school/ University/ Grad student / Useful /
Purpose of use
finance paper
[7]  2016/11/11 13:56   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]  2016/10/04 23:21   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 05:23   20 level / An office worker / Very /
Purpose of use
For all calculations.
Comment/Request
Excellent

Sending completion

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