Monthly rate to effective annual rate
Type a value in per month to get it in EAR instantly.
That's 1.41× as high as a car loan, while a credit card is 1.73× higher. A thousand left at that rate for ten years becomes about 3,300.
Convert the other way: EAR to per month
What it means
What does that rate cost?
Information only, not financial advice. Real products add fees, and legal definitions of APR differ between countries.
The math
How to convert per month to EAR
Compounding is a power, not a multiplication: EAR = (1 + periodic rate)ⁿ − 1, with n periods in the year. A nominal APR is simply the periodic rate times n, which is why it always reads lower.
Example: 1 per month = 12.6825 EAR.
Every unit
Your rate in every form
Tables
per month to EAR conversion table
| per month | EAR |
|---|---|
| 0.5 per month | 6.16778 EAR |
| 1 per month | 12.6825 EAR |
| 2 per month | 26.8242 EAR |
| 3 per month | 42.5761 EAR |
| 5 per month | 79.5856 EAR |
| 7 per month | 125.219 EAR |
| 10 per month | 213.843 EAR |
| 15 per month | 435.025 EAR |
| 20 per month | 791.61 EAR |
| 30 per month | 2,229.81 EAR |
| 50 per month | 12,874.6 EAR |
EAR to per month conversion table
| EAR | per month |
|---|---|
| 0.5 EAR | 0.0415715 per month |
| 1 EAR | 0.0829538 per month |
| 2 EAR | 0.165158 per month |
| 3 EAR | 0.246627 per month |
| 5 EAR | 0.407412 per month |
| 7 EAR | 0.565415 per month |
| 10 EAR | 0.797414 per month |
| 15 EAR | 1.17149 per month |
| 20 EAR | 1.53095 per month |
| 30 EAR | 2.21045 per month |
| 50 EAR | 3.43661 per month |
Quick answers
Quick answers
- How many EAR is 1 per month?
- 1 per month is 12.6825 EAR.
- How many EAR is 10 per month?
- 10 per month is 213.843 EAR.
The units
About these units
Monthly rate (per month)
The rate charged each month, as cards quote it.
Effective annual rate (EAR)
What you actually pay or earn over a year, compounding included.
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