If I have an annualized number of 1.5000%, i calculate the monthly equivalent by doing the following:
=(1-(1-1.5000%)^(1/12))
=0.1259%
When I try to re-annualize that number, by doing the following, I can't get back to my 1.5000% figure. Can anyone help and provide an answer as to why?
=(1+0.1259%)^12-1
=1.5209%
Thanks!!
=(1-(1-1.5000%)^(1/12))
=0.1259%
When I try to re-annualize that number, by doing the following, I can't get back to my 1.5000% figure. Can anyone help and provide an answer as to why?
=(1+0.1259%)^12-1
=1.5209%
Thanks!!