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Effective rate of interest - How To Discuss
Written by Christopher Harper — 0 Views
Effective rate of interest,
Definition of Effective rate of interest:
Actual interest paid on a loan, or earned on a deposit account, depending on the frequency of compounding or effect of inflation. It is different from the nominal rate of interest which ignores compounding and other factors.
Meaning of Effective rate of interest & Effective rate of interest Definition
