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:<math> r \ = \ (1+i/n)^n - 1</math>
==
===Monthly compounding===
Example 1: A nominal interest rate of 6%/a compounded monthly is equivalent to an [[effective interest rate]] of 6.17%.
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Line 23:
:<math> r \ = \ (1+i/n)^n - 1</math>
==
===Monthly compounding===
Example 1: A nominal interest rate of 6%/a compounded monthly is equivalent to an [[effective interest rate]] of 6.17%.
| |||