Open an Access database from Windows Explorer. In Windows Explorer, navigate to the drive or folder containing the Access database file you want to open and double-click the database. Access starts and the database is opened.
Calculate the effective interest rate per period given the nominal interest rate per period and the number of compounding intervals per period.
Interest Rates. 1  Expected Interest Rate: The interest rate used to calculate the principal limit. 2  Actual Interest Rate: The interest rate first charged on the loan beginning at closing; it equals one of the HUD-approved interest rate indices (1-month CMT, 1-year CMT, or 1-month LIBOR) plus a margin. Also called Initial Interest Rate.