Effective Annual Percentage Rate
GPTKB entity
Statements (22)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:financial_technology
|
| gptkbp:abbreviation |
EAR
|
| gptkbp:alsoKnownAs |
gptkb:annual_equivalent_rate
|
| gptkbp:calculationIncludes |
compounding
|
| gptkbp:contrastsWith |
nominal interest rate
|
| gptkbp:describes |
interest rate
|
| gptkbp:expressedIn |
percentage
|
| gptkbp:form |
(1 + i/n)^(n) - 1
|
| https://www.w3.org/2000/01/rdf-schema#label |
Effective Annual Percentage Rate
|
| gptkbp:location |
i = nominal rate
n = number of compounding periods per year |
| gptkbp:purpose |
to compare different interest rates with different compounding periods
|
| gptkbp:regulates |
gptkb:Truth_in_Lending_Act_(US)
|
| gptkbp:relatedTo |
Annual Percentage Rate
Compound interest Simple interest |
| gptkbp:usedIn |
banking
finance loans credit cards |
| gptkbp:bfsParent |
gptkb:EAP
|
| gptkbp:bfsLayer |
6
|