How does the Effective Annual Yield Rate Calculator work?
Free Effective Annual Yield Rate Calculator - Figures out the effective annual yield rate of interest entered by compounding daily, weekly, semi-monthly, monthly, quarterly, semi-annually, and continuously. This calculator has 1 input.
Common Core State Standards In This Lesson
HSA.SSE.B.3.C
What 3 formulas are used for the Effective Annual Yield Rate Calculator?
Effective time = Interest/Number of Compounding Periods Decimal Rate = (1 + effective time)n - 1 Percentage Rate = 100% * Decimal Rate