Nominal interest rate(given annual percentage yield and number of compounding periods per year)

Formula

Nominal interest rate(given annual percentage yield and number of compounding periods per year) formula
inom
nominal interest rate
APY
annual percentage yield
N
number of compounding periods per year

Formula description

Annual percentage yield (APY) is a normalized representation of an interest rate, based on a compounding period of one year. APY figures allow for a reasonable, single-point comparison of different offerings with varying compounding schedules.

Calculator (how to use calculator?)

Nominal interest rate(given annual percentage yield and number of compounding periods per year) formula
APY
N
inom
Precision

Formula code

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References

  1. Wikepedia:Annual percentage yield.

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