How to use this tool
Check the units, enter your values, and run the tool. Results follow the assumptions and method below.
Calculation method
Effective annual rate
((1+rate/100/frequency)^frequency-1)*100Equivalent Rate Calculator – AER
Assumes a fixed nominal rate and regular compounding; excludes fees.
Assumes a fixed nominal rate and regular compounding; excludes fees.
Result
Enter your values and run the tool to see your result.