Scottish Government and Semi-annual rate: Difference between pages

Revision as of 16:21, 7 April 2015

The semi-annual rate is the simple annual interest quotation for compounding twice a year.

For example if the semi-annual rate is quoted as 10%, then the periodic interest accruing is:

= 10% x 6/12

= 5% per six month period.

A semi-annual rate is an example of a nominal annual rate.

The semi-annual rate is not to be confused with the periodic rate per 6 months, which in this case is 5%.

Nor should it be confused with the related annual effective rate, which in this case would be:

= 1.05² - 1

= 10.25%.

@@ Line 1: / Line 1: @@
-''Government - administration - devolved administration - UK - Scotland.''
+The semi-annual rate is the simple annual interest quotation for compounding twice a year.
-The Scottish Government is the devolved legislature for Scotland, exercising powers devolved from the UK's central government.  The Scottish Government is responsible for devolved matters in Scotland including including health, education, justice, rural affairs, and transport.
+For example if the semi-annual rate is quoted as 10%, then the periodic interest accruing is:
+= 10% x 6/12
+= 5% per six month period.
+A semi-annual rate is an example of a nominal annual rate.
+The semi-annual rate is not to be confused with the <i>periodic</i> rate per 6 months, which in this case is 5%.
+Nor should it be confused with the related <i>annual effective</i> rate, which in this case would be:
+= 1.05<sup>2</sup> - 1
+= 10.25%.
 == See also ==
-* [[Administration]]
+* [[Annual effective rate]]
-* [[Devolved ]]
+* [[CertFMM]]
-* [[Devolved administration]]
+* [[Nominal annual rate]]
-* [[Devolved matters]]
+* [[Semi-annual basis]]
-* [[Executive]]
+* [[Periodic rate of interest]]
-* [[Northern Ireland Executive]]
-* [[Parliament]]
-* [[Reserved matters]]
-* [[Subsidiarity]]
-* [[Welsh Government]]
-[[Category:Accounting,_tax_and_regulation]]
+[[Category:Long_term_funding]]
-[[Category:The_business_context]]
+[[Category:Manage_risks]]
+[[Category:Cash_management]]