Periodic rate of interest

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Revision as of 13:59, 9 October 2013 by imported>Doug Williamson (Category added 9/10/13 and spacing)
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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.


See also