Continuous compounding is indicated by specifying infinity as the number of compounding periods.

Since effectiverate used to be part of the (now deprecated) finance package, for compatibility with older worksheets, this command can also be called using finance[effectiverate]. However, it is recommended that you use the superseding package name, Finance, instead: Finance[effectiverate].

$\mathrm{with}\left(\mathrm{Finance}\right)\:$

$\mathrm{effectiverate}\left(0.12\,12\right)$

$0.126825030$

${\left(1+\frac{0.12}{12}\right)}^{12}-1$

$0.126825030$

$\mathrm{effectiverate}\left(0.12\,\mathrm{\infty }\right)$

$0.127496852$

The Finance[effectiverate] command was introduced in Maple 15.

For more information on Maple 15 changes, see Updates in Maple 15.