Periodic rate and Periodic rate of interest: Difference between pages

Revision as of 13:37, 21 August 2013

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.

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+The total interest for any given period - for example 0.014% per day.
-Periodic rate of interest.
+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.
-Any amount, usually expressed in percentage or decimal terms, applied as a proportionate amount per period and in relation to an actual or notional principal value.
-For example, a periodic rate of discount.
-Periodic rates are useful for calculating the money amounts of interest or of discount.
 == See also ==
-* [[Discount rate]]
+* [[Compound interest]]
-* [[Notional principal]]
+* [[Daily rate]]
-* [[Periodic rate of interest]]
+* [[Effective annual rate]]
-* [[Principal]]
+* [[Nominal annual rate]]
-* [[Rate of return]]
+* [[Periodic interest]]
+* [[Quarterly rate]]
+* [[Semi-annual rate]]
+* [[Simple interest]]