# Effective Interest Rate

In the field of Finance and economics, Effective interest rate refers to  the interest rate derived from the nominal interest rate in which the annual compound interest is payable in arrears. Unlike the annual interest rate, effective interest rate is not defined by any legal or regulatory authority. Effective rate of interest for calculation purpose, if an investment specifies an nominal interest rate of 5% which is calculated six monthly. In this case, a principle of \$100 will earn \$5 in the first six months and \$5.2 in the next six months. So the total interest comes to \$10.2 which means when the nominal interest rate was 5%, the effective interest rate for duration of one year was 10.2%.

Effective Interest Rate homework help provided by Homework Guru is done by experts who use Finance  software to calculate the solutions related to advanced accounting and finance . These experts have masters and PHD in Finance and accounts and have more 20 years of experience in providing Finance and accounting homework help . All our experts are teachers and professors in various colleges and universities across the world and know the knitty gritty of the subject.

## How does Homework Guru help ?

Students can get email based assignment or online tutoring for Effective Interest Rate. Environmental Finance Homework Help is one of the expertise of our experts and we can solve any question for any subject pertaining to Effective Interest Rate.  We provide detailed solutions for the topic along with the explanation if required. Our Focus is to provide the solutions along with project report and analysis so that it is easier for you to understand as to how we solve your question.

Effective Interest Rate is a part of all Finance curriculum  taught in universities across the globe. Students find it difficult to solve Homework Assignments pertaining to the topic. Homework Guru is by far the best Effective Interest Rate Homework Help available online. they have more than 2000 experts working round the clock and solving Effective Interest Rate Homework Question. Homework Help is Homework Guru's forte and once cannot find better Effective Interest Rate homework help other than Homework Guru.

So why wait? Hurry up and post your Effective Interest Rate questions NOW. You will get the best Effective Interest Rate Homework Help from us. YOU CAN ALSO EMAIL US THE QUESTIONS AT support@homeworkguru.com.