Hellow guys, Welcome to my website, and you are watching 📚 How to calculate the effective interest rate. and this vIdeo is uploaded by Study Force at 2018-11-22T15:21:04-08:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | 📚 How to calculate the effective interest rate |
| Video Uploader | Video From Study Force |
| Upload Date | This Video Uploaded At 22-11-2018 18:21:04 |
| Video Discription | ✔ https://StudyForce.com ✔ https://Biology-Forums.com ✔ Ask questions here: https://Biology-Forums.com/index.php?board=33.0 Follow us: ▶ Facebook: https://facebook.com/StudyForcePS/ ▶ Instagram: https://instagram.com/studyforceonline/ ▶ Twitter: https://twitter.com/studyforceps The effective rate corresponding to a stated rate of interest r compounded m times per year is: r_e=(1+r/m)^m−1 Q. Find the effective rate for an account that pays 2.7% compounded monthly, annually, daily, quarterly, semiannually, bimonthly. Effective interest rate is the one which caters the compounding periods during a payment plan. The nominal interest rate is the periodic interest rate times the number of periods per year. For example, a nominal annual interest rate of 12% based on monthly compounding means a 1% interest rate per month (compounded). |
| Category | Education |
| Tags | study force | biology forums | study force academy | studyforce.com | biology-forums.com | EFFECTIVE RATE COMPARED TO NOMINAL RATE | NOMINAL RATE VS. EFFECTIVE RATE | COMPOUND INTEREST | BIOLOGY FORUM |
