Nominal to Effective Interest Rate Converter
Originally published: 12/07/2019 09:10
Publication number: ELQ-45086-1
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Nominal to Effective Interest Rate Converter

This tool converts a nominal interest rate to an effective interest rate

Description
This tool converts a nominal interest rate to an effective interest rate

Inputs required:
Times per period
Nominal rate
Effective rate

Disclaimer

This tool is used at your own discretion. Any corrective steps taken are at your own risk. It is advised that you consult a Finance professional to help you with your decision making.

About the Author

Arno is a Senior Finance professional with more than 15 years experience in Financial Management and Accounting in various roles as CFO, Finance Manager and Finance Business Partner having work in South Africa and Australia.

He is a Chartered Accountant, Certified Financial Modeling and Valuation Analyst and holds a Diploma in Advanced Business Management. Key competencies include Business metrics, Reporting, Business Intelligence, Dashboards, Financial Analysis, Cash Flow, Profitability, Systems, Processes & Automation, Strategy, Planning, Forecasting, Financial Modelling & Troubleshooting

He is passionate about Finance creating value to help drive Business performance and has posted more than 150 articles on LinkedIn and on his blog at FinanceValueCreation.com.

His tools, templates and reading material are practical, easy to understand and are aligned to the Value Creation Framework of creating value through Intelligence, Improvements and Insights.

Arno mentors Accountants from time to time and is generous with sharing his knowledge with like minded professionals.

This Best Practice includes
1 Excel file

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