Effective Interest Rate Calculator

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Posted by Dinesh on

This calculator calculates the effective rate per period, rate per compounding interval using nominal rate per period, compounding per period, number of periods values.

Effective Interest Rate Calculation

Formula:

i = ( 1 + ( r / m ) )m - 1
it = ( 1 + ( r / m ) )m*t - 1
P=r/m

Where,
i = Effective Interest Rate per Period
r = Nominal Rate per Period
m = Compounding per Period
t = Number of Periods
it = Effective Rate for t Periods
P = Rate per Compounding Interval
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