Compound Interest Calculation (Interest Rate)
Calculates the nominal and effective annual interest rates using compound interest.
| Nominal Annual Interest Rate | %(r) |
| Effective Annual Interest Rate | %(R) |
Compound Interest Formula
r: Nominal interest rate, R: Effective interest rate, k: Number of times interest accrues 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.
r: Nominal interest rate, R: Effective interest rate, k: Number of times interest accrues per year
| \(\normalsize (1)\ r=k\times\{({\large\frac{FV}{PV}})^{\normalsize \frac{1}{nk}}-1\}\\ (2)\ R=({\large\frac{FV}{PV}})^{\normalsize\frac{1}{n}}-1\\ \) |
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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