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Effective Annual Rate Calculator

Effective annual rate (EAR) from a nominal APR.

Convert a nominal annual rate compounded m times per year into the effective annual rate (EAR) you actually earn or pay.

Nadia Almasri By Nadia Almasri
Published Last reviewed 1 min read

Inputs

%

Results

Enter values and click Calculate to see results.
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How to use this calculator

  1. Fill in the inputs above using the units you already have.
  2. Values update automatically as you type — no submit button needed.
  3. Hover any result row for the underlying formula and intermediate values.

Formula

EAR = (1 + APR / m)m − 1

In depth

Convert a nominal annual rate compounded m times per year into the effective annual rate (EAR) you actually earn or pay.