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 a nominal 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 a nominal basis) will appear beside it.