# Effective Annual Yield Rate Calculator

Financial calculator to calculate the effective yield with periodic interest based on the nominal annual interest rate (r) and number of payments per year (n).

## Effective Annual Yield Rate Calculation

Financial calculator to calculate the effective yield with periodic interest based on the nominal annual interest rate (r) and number of payments per year (n).

Code to add this calci to your website

**Formula Used:**
i = [1 + (r/n)]^{n} - 1
** Where, **
r = Nominal Annual Interest Rate
n = Number of payments per year
i = Effective Interest Rate