Periodic interest rate (given yearly nominal interest rate,number of periods per year)

Formula

Periodic interest rate (given yearly nominal interest rate,number of periods per year) formula
i
the interest rate per period
r
the yearly nominal interest rate
m
the number of periods per year

Formula description

In finance and economics nominal interest rate or nominal rate of interest refers to the rate of interest before adjustment for inflation.

Calculator (how to use calculator?)

Periodic interest rate (given yearly nominal interest rate,number of periods per year) formula
r
m
i
Precision

Formula code

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References

  1. Wikepedia: Annuity (finance theory).

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