OpenOffice Powerpoint Calculating Effective Interest Rate
Edit: PAZ=Paddon Development Email: paz4Tunnel@hotmail.ca How to Calculate Effective Interest Rate
Calculation Help Calculating Effective Interest Rate http://www.wikihow.com/Calculate-Effective-Interest-Rate
Edited by Carolyn Barratt, A_F_Bob_Blair_Jr, Maniac, Chris and 5 others
When analyzing a loan or an investment, it can be difficult to get a clear picture of the loan's true cost or the investment's true yield. There are several different terms used to describe the interest rate or yield on a loan, including annual percentage yield, annual percentage rate, effective rate, nominal rate, and more. Of these, the effective interest rate is perhaps the most useful, giving a relatively complete picture of the true cost of borrowing. To calculate the effective interest rate on a loan, you will need to understand the loan's stated terms and perform a simple calculation.