00:01
The only thing i can really think of for nominal.
00:04
So the nominal rate that they give you is, you know, like the advertise, like here's your something per se as a decimal.
00:16
You know, you don't want to write it as a percent.
00:19
And the whole thing is the effective, it's the effective annual rate.
00:26
So it's based off of the phrase of being annually.
00:32
So if the number of compoundings is bigger than one, just think about it, like the formula, may i should write out the form, that the formula is p1 plus r over n to the n -t power.
00:50
Now, i'm not really concerned about the p or the t because i like to think of those as equally one, you know, cross them off because we don't really care about that...