Java Month calculateMonthlyNominalInterestRate(final double effectiveInterestRate)

Description

Calculates the monthly nominal interest rate for a given effective yearly interest rate.<br /> <br /> http://en.wikipedia.org/wiki/Effective_interest_rate

License

Open Source License

Declaration

public static double calculateMonthlyNominalInterestRate(final double effectiveInterestRate) 

Method Source Code

//package com.java2s;
/*//from   ww  w.  j  a  v  a 2s.  c o  m
Copyright (C) 2013 u.wol@wwu.de 
     
This file is part of ComputationalEconomy.
    
ComputationalEconomy is free software: you can redistribute it and/or modify
it under the terms of the GNU General Public License as published by
the Free Software Foundation, either version 3 of the License, or
(at your option) any later version.
    
ComputationalEconomy is distributed in the hope that it will be useful,
but WITHOUT ANY WARRANTY; without even the implied warranty of
MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
GNU General Public License for more details.
    
You should have received a copy of the GNU General Public License
along with ComputationalEconomy. If not, see <http://www.gnu.org/licenses/>.
 */

public class Main {
    /**
     * Calculates the monthly nominal interest rate for a given effective yearly
     * interest rate.<br />
     * <br />
     * http://en.wikipedia.org/wiki/Effective_interest_rate
     */
    public static double calculateMonthlyNominalInterestRate(final double effectiveInterestRate) {
        return effectiveInterestRate / (1 + ((11 / 24) * effectiveInterestRate)) / 12;
    }
}

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2. addMonthString(String yyyymm)
3. adjustWeekOfMonth(int eventWeekOfMonth, int eventRealWeekOfMonth)
4. checkMonth(int month)
5. createDateMonth(String dateYear)
6. createTestCCMonth()
7. daemonThread(Runnable runnable)