Periodic rate of interest: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
m (Link with qualifications page.)
imported>Doug Williamson
(Removed link)
 
(4 intermediate revisions by the same user not shown)
Line 1: Line 1:
The total interest for any given period - for example 0.014% per day.
The total interest (as a percentage) 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.
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.
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.
Not to be confused with the ''effective annual rate'' and the ''nominal annual rate'', which are different.
Periodic rates of interest are useful for calculating money amounts of interest payable or receivable.




== See also ==
== See also ==
* [[CertFMM]]
* [[ACT/365 fixed]]
* [[Certificate in Treasury Fundamentals]]
* [[Certificate in Treasury]]
* [[Compound interest]]
* [[Compound interest]]
* [[Daily rate]]
* [[Daily rate]]
Line 15: Line 21:
* [[Nominal annual rate]]
* [[Nominal annual rate]]
* [[Periodic interest]]
* [[Periodic interest]]
* [[Periodic yield]]
* [[Quarterly rate]]
* [[Quarterly rate]]
* [[Semi-annual rate]]
* [[Semi-annual rate]]

Latest revision as of 14:09, 16 November 2016

The total interest (as a percentage) 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.


Periodic rates of interest are useful for calculating money amounts of interest payable or receivable.


See also