# Interest only credited at end of each period

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What does it mean for interest to only be credited at the end of each interest conversion period?

I have an example where someone deposits R1000 and lets it accumulate at a nominal rate of 6% convertible semiannually but interest is only credited at the end of each period (I assume that's every half-year?). How does this change the calculation?

answered Feb 28 by (3,200 points)
selected Mar 28