- Rate per compounding period
- 1.5 %
- Effective annual rate
- 6.1364 %
- Continuous-compounding benchmark
- 6.1837 %
On this page
Identify the quote
Enter a nominal annual percentage and a whole number of equal compounding periods per year. The default 6% and four periods mean 1.5% per quarter.
Read the three outputs
The periodic rate is the nominal rate divided by frequency. Effective annual rate compounds that periodic factor through one year. The continuous figure is the exponential benchmark for the same annual-rate number, displayed as a separate convention.
Check the default conversion
The default effective annual rate is approximately 6.1364%, using full precision in the underlying factor. A 6.1% effective annual quote corresponds to a slightly lower gross one-year factor in this mathematical comparison.
Keep product terms separate
The tool converts rate conventions and accepts its specified positive and negative rate range. It does not calculate net bank-account returns, taxes, credit risk or a recommended product choice.