The financial activity is formed by a large number of figures that provide for adequate development of the functions and the conditions of this market, among which is the interest and the media as they are generated are based on savings and appropriations, but for knowing exactly what that is interest, it is necessary to know how you can enter the interest or profit due to debt or liability arising from the interest and for this it is necessary to apply to the types of indicators that exist for gauge the interest, which are the TIN and the APR. Thus to understand a little more curb the activities of financial institutions, and attention to TIN or nominal interest rate and the difference occurs because the APR or annual percentage rate. The TIN or nominal interest rate is the percentage applied when making the payment of interest, which in this case will be the certain amount or percentage to be evaluated each month. Speaking in other terms when referring to the TIN will be talking about profitability or interests arising from financial products, is a mortgage, a savings account, so generally is indicated as a monthly rate, but may also be given for a period of time, especially following the measurement of the main period is drive. This suggests the idea that the nominal interest rate is a simple capitalization rate, as it can spread the payment of interest for periods of time and financial product still remains in force, but is also the possibility that only measurement of interest when the final product, which would be a point at which there would be a similarity between the TIN and the APR and the total interest that would agree to give both forms of measurement, light is that when given number of payments for measuring the TIN, the total amount of interest will be inferior to the one based on the APR. The nominal interest rate will then place the interest arising from a given product is capitalized more than once in the course of a year, since it periods can result, which distinguishes it from the APR which accommodates only one measurement per year. Something noteworthy in the figure of the TIN or nominal interest rate is that this conventional rate is determined by the central bank of each country with the idea of regulating in an appropriate manner both active operations by loans and credits as those taken for debit transactions such as deposits and savings, which would be more globally also a regulation that makes the very financial system by acting as a limit for banking.
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