EFFECT (PQL - xl)
This function calculates the effective annual interest rate for a given nominal annual interest rate and the number of compounding periods per year
- Library: PQL \ Spreadsheet \ Financial
- Compatibility: Any content (regardless of data source) in the Tabulate spreadsheet module
Syntax
EFFECT(nominal rate, npery)
Function Arguments
Name | Description | Type | Optional |
nominal rate | Nominal interest rate | Number |
|
npery | Number of compounding periods; if not an integer, the number is truncated | Number |
|
Comments
This function is the same as the Microsoft Excel 'EFFECT' function - using the same inputs, logic and outputs.