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Spanish to English translations [PRO]
Bus/Financial - Finance (general) | | Spanish term or phrase: tipo nominal vs. tipo efectivo | Can any one explain to me the difference in a "tipo nominal" vs. a "tipo efectivo"?
These two headings first appear in my document above two columns of percentages that correspond to mortgage and loan rates offered by a bank. Later they appear above two columns of percentages that correspond to commissions charged for overdrafts. |
| | | nominal rate vs. effective rate | Explanation:
the difference has to do with compounding....
Milestone Mortgage offers home mortgage loans to fit all your ...... For example, a quoted 6% mortgage rate is actually a rate of .5% per month, and if ... The 6.17% is called the "effective rate" and 6% is the "nominal" rate.
www.milestonemortgage.com/terms.asp?LTN=3&DEF=123 - 16k - Cached - Similar pages
XL97: How to Use the EFFECT and NOMINAL Functions to Calculate ...... For example, mortgage payments are calculated differently in ... that are described as having the same nominal rate. ... rate based on the effective rate and the ...
support.microsoft.com/?kbid=291106 - 16k - Cached - Similar pages
Discounting Tutorial... front moneys paid by the borrower to the Lender or Mortgage Broker or ... Thus a 12% nominal rate with semi-annual compounding has an effective rate of 12.36 ...
www.amortization.com/discounting_tutorial.htm - 40k - Cached - Similar pages
[PPT] Chapter 9File Format: Microsoft Powerpoint 97 - View as HTML
... Nominal rate –mortgage cost based on face amount of promissory note and the contract interest rate. Effective rate – the actual cost to the borrower. ...
www.collegeofbusiness.fau.edu/ pcheng/REE%204303/Chapter%209.ppt - Similar pages
Mathematics of Money With Applications... A CD paying 9.8% compounded monthly has a nominal rate of r nom = 0.098, and an effective rate of: ... Mortgage Payments Components: Let where P = principal, r ...
home.ubalt.edu/ntsbarsh/Business-stat/ otherapplets/CompoundCal.htm - 73k - Cached - Similar pages
Summary: Mathematics of Finance... A CD paying 9.8% compounded monthly has a nominal rate of r nom = 0.098, and an effective rate of: ... a house, and have taken out a 30 year, $90,000 mortgage at 8 ...
people.hofstra.edu/faculty/ Stefan_Waner/RealWorld/Summary10.html - 47k - Cached - Similar pages
ANZ Interest Rates (Australia)... Amount, Nominal Rate, Effective Rate, $1 - $1,999, 0.00% pa, 0.00% pa, ... Amount, Nominal Rate, Yield Rate, ... ANZ Business Mortgage Loan Rate*, 7.67% pa, ...
www.anz.com/aus/RateFee/InterestRates/Rates.asp - 101k - Mar 20, 2005 - Cached - Similar pages
WWWFinance - Compounding... A bond with a semiannual yield of 10% will have an annual effective rate of (1+.10/2) 2 ... The nominal rate is sometimes expressed as a mortgage yield -- which ...
www.duke.edu/~charvey/Classes/ ba350_1997/preassignment/compound.htm - 3k - Cached - Similar pages
Council of Mortgage Lenders... made clear whether it is a mortgage on a ... 3. Nominal rate (indicate type of rate and duration of ... based on national regulation or effective rate, where relevant, ...
www.cml.org.uk/servlet/dycon/ zt-cml/cml/live/en/cml/pub_info_eurocode - 41k - Mar 20, 2005 - Cached - Similar pages
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| Selected response from:
 Marian Greenfield
Local time: 12:05
| Grading comment Excellent references and explanation
4 KudoZ points were awarded for this answer |
| |
| Discussion entries: 0 |
|---|
Automatic update in 00:
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1 min confidence: 
2 mins confidence: nominal rate vs. effective rate
Explanation:
the difference has to do with compounding....
Milestone Mortgage offers home mortgage loans to fit all your ...... For example, a quoted 6% mortgage rate is actually a rate of .5% per month, and if ... The 6.17% is called the "effective rate" and 6% is the "nominal" rate.
www.milestonemortgage.com/terms.asp?LTN=3&DEF=123 - 16k - Cached - Similar pages
XL97: How to Use the EFFECT and NOMINAL Functions to Calculate ...... For example, mortgage payments are calculated differently in ... that are described as having the same nominal rate. ... rate based on the effective rate and the ...
support.microsoft.com/?kbid=291106 - 16k - Cached - Similar pages
Discounting Tutorial... front moneys paid by the borrower to the Lender or Mortgage Broker or ... Thus a 12% nominal rate with semi-annual compounding has an effective rate of 12.36 ...
www.amortization.com/discounting_tutorial.htm - 40k - Cached - Similar pages
[PPT] Chapter 9File Format: Microsoft Powerpoint 97 - View as HTML
... Nominal rate –mortgage cost based on face amount of promissory note and the contract interest rate. Effective rate – the actual cost to the borrower. ...
www.collegeofbusiness.fau.edu/ pcheng/REE%204303/Chapter%209.ppt - Similar pages
Mathematics of Money With Applications... A CD paying 9.8% compounded monthly has a nominal rate of r nom = 0.098, and an effective rate of: ... Mortgage Payments Components: Let where P = principal, r ...
home.ubalt.edu/ntsbarsh/Business-stat/ otherapplets/CompoundCal.htm - 73k - Cached - Similar pages
Summary: Mathematics of Finance... A CD paying 9.8% compounded monthly has a nominal rate of r nom = 0.098, and an effective rate of: ... a house, and have taken out a 30 year, $90,000 mortgage at 8 ...
people.hofstra.edu/faculty/ Stefan_Waner/RealWorld/Summary10.html - 47k - Cached - Similar pages
ANZ Interest Rates (Australia)... Amount, Nominal Rate, Effective Rate, $1 - $1,999, 0.00% pa, 0.00% pa, ... Amount, Nominal Rate, Yield Rate, ... ANZ Business Mortgage Loan Rate*, 7.67% pa, ...
www.anz.com/aus/RateFee/InterestRates/Rates.asp - 101k - Mar 20, 2005 - Cached - Similar pages
WWWFinance - Compounding... A bond with a semiannual yield of 10% will have an annual effective rate of (1+.10/2) 2 ... The nominal rate is sometimes expressed as a mortgage yield -- which ...
www.duke.edu/~charvey/Classes/ ba350_1997/preassignment/compound.htm - 3k - Cached - Similar pages
Council of Mortgage Lenders... made clear whether it is a mortgage on a ... 3. Nominal rate (indicate type of rate and duration of ... based on national regulation or effective rate, where relevant, ...
www.cml.org.uk/servlet/dycon/ zt-cml/cml/live/en/cml/pub_info_eurocode - 41k - Mar 20, 2005 - Cached - Similar pages
| Marian Greenfield
Local time: 12:05
Specializes in field
Native speaker of:  English
PRO pts in category: 1524
|
| | Grading comment | Excellent references and explanation |
| | Login to enter a peer comment (or grade) |
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The translation workplace 
