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.