Periodic rate of interest: Difference between revisions
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imported>Doug Williamson m (Category added 9/10/13 and spacing) |
imported>Doug Williamson m (Link with qualifications page.) |
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== See also == | == See also == | ||
* [[CertFMM]] | |||
* [[Compound interest]] | * [[Compound interest]] | ||
* [[Daily rate]] | * [[Daily rate]] | ||
Revision as of 15:46, 1 November 2014
The total interest for any given period - for example 0.014% per day.
The given period may be less than one year, equal to one year, or more than one year.
Another example of a periodic rate of interest would be 12.36% per two years.
Not to be confused with the effective annual rate and the nominal annual rate, which are different.
