A savings account or a loan may be advertised with both a nominal interest rate and an effective annual interest rate. Effective annual interest rates should be compared among loans and investment ...

Nominal interest rates are the rates set by financial ... the year would yield $1,020 by year’s end. But with an annual inflation rate—based on the consumer price index—of 10 percent ...

The Rule of 72 calculates the approximate time over which an investment will double at a given rate of return or interest “i.” It's given by (72 ÷ i). It can only be used for annual ...