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.
Variable Interest Rate. What is a 'Variable Interest Rate'. A variable interest rate is an interest rate on a loan or security that fluctuates over time, because it is based on an underlying benchmark interest rate or index that changes periodically.