effect
Effective annual interest rate from a nominal rate.
Syntax
Section titled “Syntax”v = effect(nominal_rate, npery)Description
Section titled “Description”Returns (1 + nominal_rate / npery)^npery - 1 — the effective annual rate for a stated nominal rate compounded npery times per year.
Example
Section titled “Example”effect(0.0525, 4) % quarterly compounding → ≈ 0.05354See also
Section titled “See also”nominal— Nominal annual rate from an effective rate.