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