Jinsi ya kukokotoa Periodic Interest Rate
Periodic Interest Rate ni nini?
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.
Mwongozo wa Hatua kwa Hatua
- 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
Mifano Iliyotatuliwa
Ingizo
6% annual · monthly compounding
Matokeo
Periodic rate = 6% / 12 = 0.5% per month
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