FORMULA SHEET
Effective Annual Interest Rate given a Nominal Interest Rate
𝑖𝑖 𝑝𝑝𝑝𝑝𝑝𝑝 𝑦𝑦𝑦𝑦𝑦𝑦𝑦𝑦 = �1 +
𝑟𝑟 𝑀𝑀
� −1
𝑀𝑀