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Finding nominal and effective interest rates (EFFECT and NOMINAL)

Finding nominal and effective interest rates (EFFECT and NOMINAL): Excel 2013: Financial Functions in Depth
Finding nominal and effective interest rates (EFFECT and NOMINAL): Excel 2013: Financial Functions in Depth

Financial institutions like to advertise the interest rates their products return to investors. Most ads list an annual percentage rate, which you can use to calculate the yearly return using the compound interest formula. Some ads, however, list an annual percentage yield, which is the net return and not the actual interest rate applied to the investment.

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Skill Level Intermediate
2h 38m
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113,431
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Skills covered in this course
Business Spreadsheets Excel

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