Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the difference between a nominal interest rate and an effective interest rate?

0
Posted

What is the difference between a nominal interest rate and an effective interest rate?

0

Nominal is the regular rate like 4% the effective rate is the compound rate which might be something like 4.127.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123