Calculators > Financial Calculators > Effective Interest Rate Calculator

Effective Annual Interest Rate

Tells you effective annual interest rate, given the nominal annual interest rate and the number of compounding periods. If you have a loan with a nominal interest rate of 7% per year and you will be making monthly payments, enter 7% and 12. If you are making quarterly payments, enter 7% and 4.

Nominal Annual Interest Rate:
%
Number of Compounding Periods:
 
 
Effective Annual Interest Rate:
%

 

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