Difference between revisions of "Manuals/calci/NOMINAL"
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=NOMINAL(A1,A2) ''displays 0.05622136652263632'' as a result. | =NOMINAL(A1,A2) ''displays 0.05622136652263632'' as a result. | ||
=NOMINAL("6.10%",6) ''displays 0.05950499347618399'' as a result. | =NOMINAL("6.10%",6) ''displays 0.05950499347618399'' as a result. | ||
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| + | ==Related Videos== | ||
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| + | {{#ev:youtube|-3VDp4mmr2s|280|center|NOMINAL Function}} | ||
== See Also == | == See Also == | ||
Revision as of 12:13, 19 July 2015
NOMINAL(ER, nperyear)
Where
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle ER} is the effective interest rate, and
- Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle nperyear} is the number of compounding periods per year.
NOMINAL() calculates the nominal annual interest rate.
Description
NOMINAL(ER, nperyear)
- Nominal Interest Rate is calculated depending on the effective interest rate and the number of compounding periods per year.
- The relationship between Effective Interest Rate and Nominal Interest Rate is as follows -
Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle ER = (1 + \frac{NominalRate}{nperyear})^{nperyear} - 1 }
where
Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle ER} - Effective Interest Rate
Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle NominalRate} - Nominal Interest Rate
Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle nperyear} - number of compounding periods per year
- Arguments Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle ER} and Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle nperyear} should be numeric, else Calci returns #N/A error message.
- If Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle ER} < 0 or if Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle nperyear} < 1, Calci returns #N/A error message.
- If Failed to parse (MathML with SVG or PNG fallback (recommended for modern browsers and accessibility tools): Invalid response ("Math extension cannot connect to Restbase.") from server "https://wikimedia.org/api/rest_v1/":): {\displaystyle nperyear} is not an integer, it is truncated.
Examples
Consider the following example that shows the use of NOMINAL function:
| 5.75% | ||
| 5 | ||
=NOMINAL(A1,A2) displays 0.05622136652263632 as a result.
=NOMINAL("6.10%",6) displays 0.05950499347618399 as a result.