writer
6,694
edits
Changes
Jump to navigation
Jump to search
Line 1:
Line 1: − + − + − + − + − +
no edit summary
=NOMINAL(ER, nperyear)=
<div style="font-size:30px">'''NOMINAL (EffectiveInterestRate,NoOfCompoundingPeriods)'''</div><br/>
Where
Where
*<math>ER</math> is the effective interest rate, and
*<math>EffectiveInterestRate</math> is the effective interest rate, and
*<math>nperyear</math> is the number of compounding periods per year.
*<math>NoOfCompoundingPeriods</math> is the number of compounding periods per year.
NOMINAL() calculates the nominal annual interest rate.
NOMINAL() returns the annual nominal interest rate.
== Description ==
== Description ==
NOMINAL(ER, nperyear)
NOMINAL (EffectiveInterestRate,NoOfCompoundingPeriods)
*Nominal Interest Rate is calculated depending on the effective interest rate and the number of compounding periods per year.
*Nominal Interest Rate is calculated depending on the effective interest rate and the number of compounding periods per year.