Effective interest rate calculator

This small tool can calculate effective interest rate with just a few clicks. Just use it properly, add the datasets in the form below correctly and click calculate. 

Nominal annual interest rate:

% per year

Compounding period: Days Weeks Months Quarters Other

Compounding periods per year:

Effective period interest rate:

% per month

Effective annual interest rate:

% per year

The students, teachers, institutes can use this small app to calculate effective interest rate without getting into the hectic details. It does not require to understand the whole financial structure of it, just add the dataset in the form above and calculate effective interest rate online for free. 

This tool for calculating effective interest rate online does not require installing the software on the system. It works in the browser and is absolutely free. It does not matter if you are using it for commercial or personal use. Anyone can use this free financial tool for performing effective interest rate calculations without any hassle.