Effective Rate of Interest: Definition and Formulas

As of June 1, 2025, all Actuarial Concepts and Data Tricks posts are available exclusively on my Medium profile. You can find both series in my Medium lists here: https://medium.com/@eryk.faracik/lists

Link to this post: https://medium.com/@eryk.faracik/learn-the-basics-of-the-effective-rate-of-interest-today-5a29b009e1b7