Nominal interest rate and effective interest rate converter help


Settings Remark
Payment period (M) Refers to the frequency of payments made during the year.

For example, quarterly payments indicates payments are made at three-month intervals.

The following payment periods can be selected:
  • daily
    360, 364, 365 or 366 times per year

  • weekly
    52 times per year

  • bi-weekly (every two weeks)
    26 times per year

  • semi-monthly (twice a month)
    24 times per year

  • monthly
    12 times per year

  • bi-monthly (every two months)
    6 times per year

  • quarterly
    4 times per year

  • semi-annually (twice a year)
    2 times per year

  • annually
    1 time per year