Nominal Interest Rate | Explained with Calculation Examples

In this lesson, we explain what the nominal interest rate is and how it is calculated using the nominal interest rate (APR) formula. We go through examples of calculating the nominal interest rate from an effective interest rate and how to go from nominal interest rate with different compounding to another nominal interest rate (APR). Effective interest rate explained and calculated:    • Effective Interest Rate vs Nominal Interes...   Check out other straight-forward examples on our channel. We also offer one-on-one tutorials at reasonable rates. Connect with us: Email: info@counttuts.com Our Website: https://Counttuts.com Our Facebook Page:   / counttuts   Support our Efforts:   / counttuts