Locate Effective Annual Rate with a Financial Calculator

4 min read

Finding an effective annual rate on a financial calculator can be a great way to quickly and easily calculate the amount of interest that you will be charged or earn over the course of a year. This is especially useful if you have investments that have complex terms and conditions regarding the interest rate that is charged or paid out. As long as you know the principal amount, the number of compounding periods, and the annual interest rate, you can easily calculate the effective annual rate on a financial calculator.