From ACT Wiki
(Difference between pages)
imported>Administrator |
imported>John Grout |
| Line 1: |
Line 1: |
| The quarterly rate of interest (or yield) is a quoting convention for the simple interest ''nominal annual rate'' for compounding once per quarter (four times per year).
| | See [[Sadomonetarism]] |
| | |
| For example, if the quoted quarterly rate is 6.00%, the amount of interest compounded quarterly is 6.00%/4 = 1.50%.
| |
| | |
| Not to be confused with the related ''annual effective'' rate, which in this case is 1.015<sup>4</sup> - 1 = 6.14%.
| |
| | |
| == See also ==
| |
| * [[Annual effective rate]]
| |
| * [[Nominal annual rate]]
| |
| * [[Periodic rate of interest]]
| |
|
| |
| | |
Revision as of 09:53, 9 July 2013
