🔄 Equivalent Rate Calculator
Convert rates across compounding frequencies
How to Use This Calculator
1
Enter Nominal Rate
Quoted rate for the original compounding.
2
Select From/To Frequencies
Choose original and target compounding.
3
Convert
Get the equivalent nominal maintaining the same EAR.
Formula
EAR = (1 + r/n1)^(n1) - 1
r_equiv = n2 * ((1 + EAR)^(1/n2) - 1)
Frequently Asked Questions
What is AER?
Annual Equivalent Rate is another name for effective annual rate.
Why convert?
To compare products quoted with different compounding conventions.