# 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 6digit10digit14digit18digit22digit26digit30digit34digit38digit42digit46digit50digit
 $\normal Nominal\ and\ effective\ rates\\[10](1)\ Nominal\ annual\ interest\ rate\\\hspace{25} r=((1+R)^{\normal\frac{1}{k}}-1)\times k\\\hspace{25}\normal k:\ number\ of\ compounds\ a\ year\\[10](2)\ Effective\ annual\ interest\ rate\\\hspace{25} R=(1+{\large\frac{r}{k}})^{k}-1\\$
Nominal and Effective Rates
 [1-8] /8 Disp-Num5103050100200
[1]  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
[2]  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).
[3]  2018/03/04 16:39   Female / Under 20 years old / High-school/ University/ Grad student / Useful /
Purpose of use
Confirm calcs
[4]  2017/06/14 23:17   Female / Under 20 years old / High-school/ University/ Grad student / Very /
Purpose of use
to review
[5]  2017/04/18 01:11   Female / 20 years old level / High-school/ University/ Grad student / Useful /
Purpose of use
finance paper
[6]  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..
[7]  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.
[8]  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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