Interest Rate Conversion
Converts from the nominal interest rate to the effective interest rate, or from the effective interest rate to the nominal interest rate, in compound interest calculations.
Effective Interest Rate R and Nominal Interest Rate r (k: Number of interest accrual periods per year)
Calculation details and rounding rules may vary by financial institution.
*This site assumes no responsibility whatsoever for calculation results or other information. Additionally, we do not provide individual consultations.
| \(\normalsize (1)\ R=(1+{\large\frac{r}{k}})^{k}-1\\ (2)\ r=((1+R)^{\normalsize\frac{1}{k}}-1)\times k\\ \) |
Calculation details and rounding rules may vary by financial institution.
*This site assumes no responsibility whatsoever for calculation results or other information. Additionally, we do not provide individual consultations.
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