Effective Yield Calculator
Calculate the effective yield.
About Effective Yield Calculator
The Effective Yield Calculator is used to calculate the effective yield which is an annual rate of return associated with a periodic interest rate, based on the nominal annual interest rate and the number of payment periods in one year.
The effective yield is calculated in the following way, where i is the nominal interest rate, and n the number of payment periods in one year (for example, 12 if the interest is paid monthly):
[1 + (i/n)]n - 1