Daily rate - Revision history

imported>Doug Williamson: Clarify.

2015-04-19T18:42:36Z

Clarify.

← Older revision		Revision as of 18:42, 19 April 2015
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	The amount of interest compounded daily is:		The amount of interest compounded daily is:

	5.11 / 365		5.11% / 365

	= 0.014%.		= 0.014%.

imported>Doug Williamson: Standardise appearance of page

2015-03-21T12:22:33Z

Standardise appearance of page

← Older revision		Revision as of 12:22, 21 March 2015
Line 8:		Line 8:
	The amount of interest compounded daily is:		The amount of interest compounded daily is:

	5.11% / 365		5.11 / 365

	= 0.014%.		= 0.014%.

imported>Doug Williamson: Standardise appearance of page.

2015-03-15T13:12:39Z

Standardise appearance of page.

← Older revision		Revision as of 13:12, 15 March 2015
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	'''~~For example:~~'''		'''Example'''

	~~if the~~ quoted daily rate is 5.11%,		The quoted daily rate is 5.11%.

	~~the~~ amount of interest compounded daily is		The amount of interest compounded daily is:

	5.11% / 365 ~~= 0.014%.~~		5.11% / 365

			= 0.014%.

	Not to be confused with the ''annual effective'' rate, which in this case would be 1.00014<sup>365</sup> - 1 = 5.24%.
			Not to be confused with the ''annual effective'' rate, which in this case would be:

			1.00014<sup>365</sup> - 1

			= 5.24%.

imported>Doug Williamson: Align presentation of formula with qualification material

2015-03-14T15:30:02Z

Align presentation of formula with qualification material

← Older revision		Revision as of 15:30, 14 March 2015
Line 2:		Line 2:


	For example:		'''For example:'''

	if the quoted daily rate is 5.11%,		if the quoted daily rate is 5.11%,
Line 8:		Line 8:
	the amount of interest compounded daily is		the amount of interest compounded daily is

	5.11%/365 = 0.014%.		5.11% / 365 = 0.014%.

imported>Doug Williamson: Added more space so that calculations are clearer

2014-09-20T15:13:50Z

Added more space so that calculations are clearer

← Older revision		Revision as of 15:13, 20 September 2014
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	The daily rate of interest (or yield) is a quoting convention for the simple interest ''nominal annual rate'' for compounding once per day.		The daily rate of interest (or yield) is a quoting convention for the simple interest ''nominal annual rate'' for compounding once per day.

	For example, if the quoted daily rate is 5.11%, the amount of interest compounded daily is 5.11%/365 = 0.014%.
			For example:

			if the quoted daily rate is 5.11%,

			the amount of interest compounded daily is

			5.11%/365 = 0.014%.


	Not to be confused with the ''annual effective'' rate, which in this case would be 1.00014<sup>365</sup> - 1 = 5.24%.		Not to be confused with the ''annual effective'' rate, which in this case would be 1.00014<sup>365</sup> - 1 = 5.24%.
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	* [[Periodic rate of interest]]		* [[Periodic rate of interest]]

	[[Category:~~Interest_Rate_Risk~~]]		[[Category:Manage_risks]]

imported>Doug Williamson: Category added 9/10/13 and spacing

2013-10-09T14:00:21Z

Category added 9/10/13 and spacing

← Older revision		Revision as of 14:00, 9 October 2013
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	Not to be confused with the ''annual effective'' rate, which in this case would be 1.00014<sup>365</sup> - 1 = 5.24%.		Not to be confused with the ''annual effective'' rate, which in this case would be 1.00014<sup>365</sup> - 1 = 5.24%.


	== See also ==		== See also ==
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	* [[Nominal annual rate]]		* [[Nominal annual rate]]
	* [[Periodic rate of interest]]		* [[Periodic rate of interest]]


			[[Category:Interest_Rate_Risk]]

imported>Administrator: CSV import

2012-10-23T14:19:15Z

CSV import

New page

The daily rate of interest (or yield) is a quoting convention for the simple interest ''nominal annual rate'' for compounding once per day.

For example, if the quoted daily rate is 5.11%, the amount of interest compounded daily is 5.11%/365 = 0.014%.

Not to be confused with the ''annual effective'' rate, which in this case would be 1.00014<sup>365</sup> - 1 = 5.24%.

== See also ==
* [[Annual effective rate]]
* [[Compounding effect]]
* [[Nominal annual rate]]
* [[Periodic rate of interest]]