Term
| Nominal Annual Rate Definition |
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Definition
| Interest rate per period multiplied by the number of periods per year |
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Term
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Definition
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Term
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Definition
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Term
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Definition
| The amount an initial investment of A(0) grows to by time t |
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Term
M1-5
The accumulates amount of simple interest at time t |
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Definition
a(t) = (1+it)
A(t) = A(0)(1+it) |
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Term
M1-7
Nominal Annual Rate Definition |
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Definition
| The periodic interest rate multiplied by the number of periods per year |
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Term
| Nominal Interest Rate m-thly notation convertible (1-8) |
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Definition
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