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