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Loans and debt

Effective annual rate

Convert a nominal quoted rate at any compounding frequency into an effective annual rate.

%

Once calculated, results update live as you drag or type.

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Adjust the inputs and press Calculate. Every figure returned comes with its formula, assumptions and version.

This is an educational estimate based on the information and assumptions provided. It is not a loan offer, approval, credit decision or financial advice. Actual eligibility depends on the lender's underwriting policy, credit checks, documentation and applicable regulations.

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