Biology, asked by mohinipurohit7288, 1 year ago

How to convert effective rate to nominal rate mathematical formula?

Answers

Answered by YashMande
0

The effective rate is calculated in the following way, where r is the effective annual rate, i the nominal rate, and n the number of compounding periods per year (for example, 12 for monthly compounding): For example, a nominal interest rate of 6% compounded monthly is equivalent to an effective interest rate of 6.17%.

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