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NOMINAL

Syntax: NOMINAL(R, C)

R = Effective interest rate
C = Number of compounding periods per year

NOMINAL returns the nominal annual interest rate for an effective interest rate R and the number of compounding periods per year C.

Example:

NOMINAL(6.9347%, 5) = 0.0675

Excel function: N/A


next up previous contents index
Next: NOR Up: A. Function Reference Previous: NETWORKDAYS   Contents   Index
SpreadScript User's Guide, Version 1.2
Grey Trout Software
02 March 2003