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
Nominal interest rate
Number of compounding periods; if not an integer, the number is truncated
This function is the same as the Microsoft Excel 'EFFECT' function - using the same inputs, logic and outputs.