What is another word for periodic interest rate?
Pronunciation: [pˌi͡əɹɪˈɒdɪk ˈɪntɹəst ɹˈe͡ɪt] (IPA) 
Periodic interest rate, also known as nominal or stated rate, refers to the interest rate that is specified on a loan or investment. However, there are several synonyms that could be used to best describe periodic interest rate. These synonyms include the annual percentage rate (APR), effective annual rate (EAR), and compounded rate. The APR is the rate that calculates the cost of borrowing annually, expressed as a percentage of the total amount borrowed. The EAR takes into account the compounding of interest within a year, while the compounded rate refers to the rate at which interest is accumulated on an investment. These synonyms demonstrate the nuances in the way interest rates are calculated and paid out for investment and borrowing purposes.
