NOMINAL |
NOMINAL(effect_rate, npery) |
Returns the nominal interest rate over a period given an annual interest rate. |
effect_rate | The effective (or annual) interest rate for the year. |
npery | The number of compounding periods per year. |
REMARKS |
* For an illustrated example refer to the [[Nominal Interest]] page. * This function is closely related to the EFFECT function. * A nominal interest rate is an interest rate that is compounded over a specific period (yearly, monthly, daily, etc). * The Nominal Rate is also known as Stated Rate. * If any of the arguments are not numeric, then #VALUE! is returned. * The "effect_rate" can either be entered with a percentage sign or as a decimal. * If "effect_rate" = 0, then #NUM! is returned. * If "npery" is not an integer, it is truncated. * If "npery" < 1, then #NUM! is returned. * In the context of bonds, the coupons are examples of nominal interest rates. * For the Microsoft documentation refer to support.microsoft.com * For the Google documentation refer to support.google.com |
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1 - If you have an effective interest rate of 5%, what is the nominal interest rate compounded yearly. 2 - This is the same as 1. 3 - If you have an effective interest rate of 5.062%, what is the nominal interest rate compounded semi-annually. 4 - If you have an effective interest rate of 5.116%, what is the nominal interest rate compounded monthly. 5 - If you have an effective interest rate of 5.127%, what is the nominal interest rate compounded daily. 6 - negative npery 7 - what if "effect_rate" is not numeric. 8 - what if "npery" is not numeric |
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