The Effective Annual Rate (EAR) is the rate of interest actually earned on an investment or paid on a loan as a result of compounding the interest over a given period of time. It is usually higher than the nominal rate and is used to compare different financial products that calculate annual interest with different compounding periods – weekly, monthly, yearly, etc. Increasing the number of compounding periods makes the effective annual interest rate increase as time goes by.This App will help you to know Effective Annual Rate with other Several payment frequencies like Semi-Annually, Quarterly (4 payments), Monthly (12 payments), Daily (365 payments). ➡️ App Features ❶ 100% Free app. There is no in-app purchase or Pro offers. Free means absolutely free for life time. ❷ Offline app! You have full freedom to use the app without Wi-Fi. ❸ Beautiful eye-catching design. ❹ App uses little phone space and works fine with low memory. ❺ You can share easily with your friends and family using Share button. ❻ Low battery consumption! The app is optimized to use the battery wisely. Happy? 😎If you feel satisfied, make the App Author happy too. You are requested to leave a 5 star positive review 👍Thank you
Effective Rate Calculator
