Nominal to Effective Interest Rate
Convert a nominal rate with periodic compounding into the effective yearly rate.
- Continuous compounding
- 5.13 %
- Effective annual rate
- Continuous compounding
How it works
Converts a nominal interest rate compounded several times a year into the effective annual rate. The more often interest is compounded, the higher the effective rate. The calculator shows the true yearly rate for your compounding frequency.
Learn more
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