learn.howToCalculate
learn.whatIsHeading
The periodic interest rate is the interest rate applied per compounding period (day, month, quarter). It converts the annual rate to the rate used in payment calculations. Monthly rate = Annual rate / 12.
Trin-for-trin guide
- 1Monthly rate = Annual rate / 12
- 2Daily rate = Annual rate / 365 (or 360 for some loans)
- 3Quarterly rate = Annual rate / 4
- 4EAR = (1 + periodic rate)^periods − 1
Løste eksempler
Input
6% annual · monthly compounding
Resultat
Periodic rate = 6% / 12 = 0.5% per month
Klar til at beregne? Prøv den gratis Periodic Interest Rate-beregner
Prøv det selv →