Nominal / effective interest rate calculator

The nominal interest rate can be translated into the effective interest rate. The assumption is that the effective interest rate is calculated on a loan paid down through monthly payments. The nominal interest rate (on an annual basis) should be written in the place that is marked, and the effective interest rate (on an annual basis) will appear beside it.

The effective interest rate can be translated into the nominal interest rate. The assumption is that the effective interest rate is calculated on a loan paid down through monthly payments. The effective interest rate (on an annual basis) should be written in the place that is marked, and the nominal interest rate (on an annual basis) will appear beside it.