Compound interest - Confused about effective and nominal interest rate when combining the number of payments per year and the number of interest period?
Use this app to find the effective interest considering:
r = Nominal interest rate. Annual interest rate that could be compounded more frequently
k = The number of payments period per year
c = The number of interest period per payment period
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Supported operating systems:
Windows 10 Mobile, Windows Phone 7, Windows Phone 8
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