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 Rate. Loading the player... What is 'Interest Rate'. Interest rate is the amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets. Interest rates are typically noted on an annual basis, known as the annual percentage rate (APR).