For example, a monthly rate of 1% is equivalent to an annual nominal interest of 12%.

The first nine races held but nominal interest for me: most of my meager funds were upon Manius in the tenth.

"Real interest" is the difference between nominal interest (what's set by the Fed) and the rate inflation.

Cost of living allowance is equal to the nominal interest minus the real interest rate.

"For which rights you will turn over a nominal interest in solar power?"

Quantitative easing was used by these countries as their risk-free short-term nominal interest rates are either at, or close to, zero.

If points are added, loan costs will, of course, be higher than the nominal interest makes them appear.

For one thing, falling securities prices feed expectations of general price deflation, which make even the current low, low nominal interest rates seem high.

Instead, nominal annual interest is compounded more than once a year, say, times.

A simple formula for the nominal interest is: