116k views
5 votes
How do you calculate the daily periodic rate?

User Dannie P
by
6.7k points

2 Answers

2 votes
you caluate it by interest rate for each compounding period and P = R/m where R is the annual rate.
User Thornomad
by
5.9k points
4 votes
Dividing the APR by 365
User StuffandBlah
by
6.6k points
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