NOMINAL function
Summary
Returns the annual nominal interest rate
Syntax
NOMINAL(effect_rate, npery)
The NOMINAL function syntax has the following arguments:
• Effect_rate Required. The effective interest rate.
• Npery Required. The number of compounding periods per year.
• Effect_rate Required. The effective interest rate.
• Npery Required. The number of compounding periods per year.
Example
=NOMINAL(A2,A3)