Enter nominal interest rate
What is the effective annual yield rate of
4.56% compounded daily?
Convert to a daily basis
There are 365 days in a year
| Daily Interest Rate = | 0.0456 |
| 365 |
Daily Interest Rate = 0.00012493150684932
Set up daily compounding
From above, we have n = 365
Yield Rate = (1 + daily rate)n - 1
Yield Rate = (1 + 0.00012493150684932)365 - 1
Yield Rate = 1.0001249315068365 - 1
Yield Rate = 1.0466526838657 - 1
Yield Rate = 0.046652683865694
Yield Rate Expressed as a percentage = 4.67%
Yield Rate Expressed as a percentage = 4.67%
You have 2 free calculationss remaining
What is the Answer?
Yield Rate = 0.046652683865694
Yield Rate Expressed as a percentage = 4.67%
Yield Rate Expressed as a percentage = 4.67%
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.
This calculator has 1 input.
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
For more math formulas, check out our Formula Dossier
Decimal Rate = (1 + effective time)n - 1
Percentage Rate = 100% * Decimal Rate
For more math formulas, check out our Formula Dossier
What 4 concepts are covered in the Effective Annual Yield Rate Calculator?
- compound interest
- the interest you earn on principal and interest
A = (1 + r/n)nt - effective annual yield rate
- Yield rate taking compounding periods into effect
- interest
- payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate
- yield
- How much an investment returns in terms of interest rate
Example calculations for the Effective Annual Yield Rate Calculator
Effective Annual Yield Rate Calculator Video
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