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1. Basics of Interest Rate and APR

   Category: Resources/Articles

   ... to be a yearly rate of interest that is added to borrower’s card at the end of every year. Generally the APR is divided periodically, usually daily to calculate monthly rate of interest. Nominal or effective ... Thursday, 13 May 2010

2. Nominal and effective APR

   Category: Resources/Articles

   Both APR’s nominal and effective are calculated in different methods. Nominal APR is simply calculated by multiplying the rate for a period with number of periods of payments in one year. On other hand ... Thursday, 13 May 2010

3. What is interest rate?

   Category: Resources/Articles

   ... very beneficial. There is also something called as real interest rates, which is equal to the nominal rates excluding the inflation. You should remember that impact of interest rates mainly depends on ... Thursday, 29 April 2010