Event Title

Effective Interest Rate for Simple Interest Deposits

Session

Management, Business and Economics

Description

In this paper some techniques for calculating the effective interest rate for simple interest deposits for several types of bank deposits are shown. Some examples of calculating the effective interest rate for different term deposits are taken. A mathematical model for calculation the effective interest rate for simple interest deposits is shown. For accurate calculations the financial consultant CASIO FC -100V has been used.

Keywords:

Nominal interest rate, Principal, Simple interest, Periodical interest rate, Effective interest rate

Session Chair

Hasan Metin

Session Co-Chair

Bejtush Ademi

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-437-69-1

Location

Pristina, Kosovo

Start Date

27-10-2018 1:30 PM

End Date

27-10-2018 3:00 PM

DOI

10.33107/ubt-ic.2018.288

This document is currently not available here.

Share

COinS
 
Oct 27th, 1:30 PM Oct 27th, 3:00 PM

Effective Interest Rate for Simple Interest Deposits

Pristina, Kosovo

In this paper some techniques for calculating the effective interest rate for simple interest deposits for several types of bank deposits are shown. Some examples of calculating the effective interest rate for different term deposits are taken. A mathematical model for calculation the effective interest rate for simple interest deposits is shown. For accurate calculations the financial consultant CASIO FC -100V has been used.