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Effective Interest Rate Calculator - Continuous

Calculates the effective interest rate for a nominal rate compounded continuously.

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Formula: 100*(exp(Nom/100) - 1)

Nom: The nominal interest rate.

Example 1

Calculate the effective interest rate for a nominal rate of 10% compounded continuously?

 

Value Keystrokes Display Description
10 Nom 10.000 Stores the value.
  Eff 10.517 Calculates the effective rate.

Example 2

Calculate the nominal rate for an effective rate of 5.2% compounded continuously.

Value Keystrokes Display Description
5.2 Eff 5.2000 Stores the value.
  Nom 5.069 Calculates the nominal rate.

Reference:

Effective interest rate - Wikipedia