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Mr. Gregory White
Mr. Gregory White, Teacher
Category: General
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Experience:  M.A., M.S. Education / Educational Administration
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how is business rates calculated on commercial properties

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how is business rates calculated on commercial properties
Submitted: 6 years ago.
Category: General
Expert:  Mr. Gregory White replied 6 years ago.
Business rates are calculated as if compounded on a yearly basis. It is calculated in the given way: r = (1 + i/n) to the power of n -1. Wherein r = effective annual rate, i = nominal rate and n = number of compounding periods on an annual basis
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