Proportional periodic interest rate equivalent to a simple annual interest rate formula
Financial acronyms
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Description of the Proportional periodic interest rate equivalent to a simple annual interest rate formula
Formula for the calculation of the proportional periodic interest rate which is equivalent to a simple annual interest rate
Formula
\[ t = \frac{i}{n} \ \]
Symbols
\(i\ \)
Annual interest rate
\(n\ \)
Number of periods per year