Equivalent Interest Rates
Equivalent interest rates are those that, when applied to the same capital, in the same period, produce equal values.
What is the equivalent interest rate, annual, referring to the capital invested, for a year at a rate of 0.6% per month? The answer is 7.44 %.
Full text here.
To calculate equivalent rates, enter data as requested. Use the point as decimal separator. Ex. For the number 49,329.66 enter 49329.66; The results are automatically displayed after you click on "Calculate".
Monthly investments Monthly investments in unequal installments Monthly leasing payments Auto loan calculator Balloon payment Car balloon payment Leasing prepayment Leasing interest rate Monthly loan payments Mortgage monthly payments Loan prepayment Loan prepayment with extra monthly payment Number of payments Loan Interest Interest on consumer goods Equivalent interest rate Loans comparison Future Value - investment Future value exponential convention Future value linear convention Present value - investment Interest - investment Present value of annuity (investment) growing Future value of annuity (investment) growing Period - investment Price discount Simple discount Simple discount period Bill discounting Average term discount Effective rate discount Overdue bill charges Late payments Restaurant - checking the bill