Effective Interest Rate Calculator | Sample Business Plan

Effective Interest Rate Calculator



Nominal Interest Rate (i): %

Number of Times Compounded(n):
(Annual=1, Semi-Annual=2, Quarterly=4, Monthly=12)

  

Effective Interest Rate (r): %



Effective Interest Rate Formula

Effective Interest Rate =

(1 + i/n)^n - 1
where, i = nominal interest rate
n = number of times compounded per year