{
  "$schema": "https://json-schema.org/draft/2020-12/schema",
  "$id": "https://askcalculators.com/calculator/equivalent-interest-rate-calculator/schema.json",
  "title": "Equivalent Interest Rate Calculator inputs",
  "description": "Convert a nominal annual rate with one compounding frequency to an equivalent nominal rate with another frequency.",
  "type": "object",
  "properties": {
    "nominalRate": {
      "title": "Source nominal annual rate",
      "type": "number",
      "default": 6,
      "minimum": -99.99,
      "maximum": 1000,
      "x-step": 0.001,
      "x-unit": "percent"
    },
    "sourceCompounds": {
      "title": "Source compounds per year",
      "type": "number",
      "default": 12,
      "minimum": 1,
      "maximum": 365,
      "x-step": 1,
      "multipleOf": 1
    },
    "targetCompounds": {
      "title": "Target compounds per year",
      "type": "number",
      "default": 4,
      "minimum": 1,
      "maximum": 365,
      "x-step": 1,
      "multipleOf": 1
    }
  },
  "required": [
    "nominalRate",
    "sourceCompounds",
    "targetCompounds"
  ],
  "additionalProperties": false,
  "x-askcalculators": {
    "version": "1.0.0",
    "calculatorUrl": "https://askcalculators.com/calculator/equivalent-interest-rate-calculator/",
    "queryExample": "https://askcalculators.com/calculator/equivalent-interest-rate-calculator/?nominalRate=6&sourceCompounds=12&targetCompounds=4",
    "migrationStatus": "new",
    "reviewStatus": "pending",
    "pageStatus": "live",
    "workStatus": "pending",
    "formula": {
      "expression": "EAR = (1 + j/m)^m − 1; equivalent j₂ = m₂[(1+EAR)^(1/m₂) − 1]"
    },
    "quality": {
      "availability": "live",
      "technicalReviewRecord": "/reviews/equivalent-interest-rate-calculator.json",
      "qualifiedReview": "pending",
      "qualifiedReviewer": null,
      "qualifiedReviewDate": null,
      "formulaVersion": "1.0.0",
      "referenceCoverage": "references-pending",
      "releaseTestScope": "Catalog and regression checks are not a professional formula audit; consult release evidence.",
      "historicalMetadataDate": "2026-09-01",
      "historicalMetadataNotice": "The imported date is not evidence of a completed human review."
    },
    "outputs": {
      "equivalentNominalRate": {
        "title": "Equivalent target nominal rate",
        "type": "number",
        "x-format": "percent",
        "x-digits": 10,
        "x-primary": true
      },
      "effectiveAnnualRate": {
        "title": "Effective annual rate",
        "type": "number",
        "x-format": "percent",
        "x-digits": 10
      },
      "sourcePeriodicRate": {
        "title": "Source periodic rate",
        "type": "number",
        "x-format": "percent",
        "x-digits": 10
      },
      "targetPeriodicRate": {
        "title": "Target periodic rate",
        "type": "number",
        "x-format": "percent",
        "x-digits": 10
      }
    }
  }
}