Fifteen percent 15 when compounded semi annually will have an effective rate of

About Effective Interest Rate Calculator

The Effective Interest Rate Calculator is used to calculate the effective annual interest rate based on the nominal annual interest rate and the number of compounding periods per year.

Inhaltsverzeichnis Show

About Effective Interest Rate Calculator
What is Effective Interest Rate?
What Is The Formula of Calculating Effective Interest Rate?
Effective Interest Rate Table

What is Effective Interest Rate?

The effective interest rate is the interest rate on a loan or financial product restated from the nominal interest rate as an interest rate with annual compound interest payable in arrears. It is used to compare the annual interest between loans with different compounding terms (daily, monthly, quarterly, semi-annually, annually, or other). It is also called effective annual interest rate, annual equivalent rate (AER) or simply effective rate.

What Is The Formula of Calculating Effective Interest Rate?

The effective interest rate is calculated as if compounded annually. The following is the calculation formula for the effective interest rate:

r = [1 + (i/n)]n - 1

Where:
r = effective interest rate
i = nominal annual interest rate
n = number of compounding periods per year (for example, 12 for monthly compounding)

If the compounding is continuous, the calculation will be:

r = ei - 1

Where:
r = effective interest rate
i = nominal annual interest rate
e = 2.71828183

Effective Interest Rate Table

The effective interest rate table below shows the effective annual rate based on the frequency of compounding for the nominal interest rates between 1% and 50%:

Nominal Rate	Semi-Annually	Quarterly	Monthly	Daily	Continuous
1%	1.002%	1.004%	1.005%	1.005%	1.005%
2%	2.010%	2.015%	2.018%	2.020%	2.020%
3%	3.022%	3.034%	3.042%	3.045%	3.045%
4%	4.040%	4.060%	4.074%	4.081%	4.081%
5%	5.062%	5.095%	5.116%	5.127%	5.127%
6%	6.090%	6.136%	6.168%	6.183%	6.184%
7%	7.122%	7.186%	7.229%	7.250%	7.251%
8%	8.160%	8.243%	8.300%	8.328%	8.329%
9%	9.202%	9.308%	9.381%	9.416%	9.417%
10%	10.250%	10.381%	10.471%	10.516%	10.517%
11%	11.302%	11.462%	11.572%	11.626%	11.628%
12%	12.360%	12.551%	12.683%	12.747%	12.750%
13%	13.422%	13.648%	13.803%	13.880%	13.883%
14%	14.490%	14.752%	14.934%	15.024%	15.027%
15%	15.562%	15.865%	16.075%	16.180%	16.183%
16%	16.640%	16.986%	17.227%	17.347%	17.351%
17%	17.722%	18.115%	18.389%	18.526%	18.530%
18%	18.810%	19.252%	19.562%	19.716%	19.722%
19%	19.903%	20.397%	20.745%	20.919%	20.925%
20%	21.000%	21.551%	21.939%	22.134%	22.140%
21%	22.103%	22.712%	23.144%	23.360%	23.368%
22%	23.210%	23.882%	24.360%	24.599%	24.608%
23%	24.323%	25.061%	25.586%	25.851%	25.860%
24%	25.440%	26.248%	26.824%	27.115%	27.125%
25%	26.563%	27.443%	28.073%	28.392%	28.403%
26%	27.690%	28.647%	29.333%	29.681%	29.693%
27%	28.822%	29.859%	30.605%	30.983%	30.996%
28%	29.960%	31.080%	31.888%	32.299%	32.313%
29%	31.103%	32.309%	33.183%	33.627%	33.643%
30%	32.250%	33.547%	34.489%	34.969%	34.986%
31%	33.403%	34.794%	35.807%	36.325%	36.343%
32%	34.560%	36.049%	37.137%	37.693%	37.713%
33%	35.723%	37.313%	38.478%	39.076%	39.097%
34%	36.890%	38.586%	39.832%	40.473%	40.495%
35%	38.063%	39.868%	41.198%	41.883%	41.907%
36%	39.240%	41.158%	42.576%	43.308%	43.333%
37%	40.423%	42.458%	43.966%	44.746%	44.773%
38%	41.610%	43.766%	45.369%	46.200%	46.228%
39%	42.803%	45.084%	46.785%	47.667%	47.698%
40%	44.000%	46.410%	48.213%	49.150%	49.182%
41%	45.203%	47.746%	49.653%	50.647%	50.682%
42%	46.410%	49.090%	51.107%	52.159%	52.196%
43%	47.623%	50.444%	52.573%	53.687%	53.726%
44%	48.840%	51.807%	54.053%	55.230%	55.271%
45%	50.063%	53.179%	55.545%	56.788%	56.831%
46%	51.290%	54.561%	57.051%	58.362%	58.407%
47%	52.522%	55.952%	58.571%	59.951%	59.999%
48%	53.760%	57.352%	60.103%	61.556%	61.607%
49%	55.003%	58.762%	61.649%	63.178%	63.232%
50%	56.250%	60.181%	63.209%	64.816%	64.872%

Fifteen percent 15 when compounded semi annually will have an effective rate of

About Effective Interest Rate Calculator

What is Effective Interest Rate?

What Is The Formula of Calculating Effective Interest Rate?

Effective Interest Rate Table

See also:

zusammenhängende Posts

If the cost price of a flat is 94 of its selling price what is the profit percent

What is the maximum percent social security disability benefit amount an insured can receive

The body of the presentation should take percent of the total time in your speech

When a perfectly competitive firm increases the quantity it produces and sells by 10 percent

What is the eight year present value annuity factor at a discount rate of 11 percent

What is the future value of $1000 a year for five years at a 6 percent rate of interest?

The minimum stimulus energy needed to detect a stimulus 50 percent of the time is called (the)____.

At 5 percent annually compounded interest, how long would it take to triple your money

If price decreases by 10 percent and quantity demanded increases by 15 percent, demand is

At what rate percent per annum will 640 amount to 774.40 in 2 years, when compounded annually

Werbung

NEUESTEN NACHRICHTEN

What delivers applications over the cloud using a pay-per-use revenue model?

What processes convert data into information and information into knowledge?

Fuß umgeknickt keine Schwellung aber Schmerzen was tun

What can decrease the effectiveness of an mbo (management by objectives) system?

Wie viel kostet ein normales Ohrloch stechen?

Ein Colt für alle Fälle Klingelton Android

Gemeinschaft entwässerung wer ist für zuständig

Was ist der unterschied zwischen einem boot und einem schiff

Wann geht es weiter mit Outpost?

Wer ist bei lets danz faisal

Werbung

Populer

Werbung

Um

Legal

Hilfe

Sozial