nominal
Nominal annual rate from an effective rate.
Syntax
Section titled “Syntax”v = nominal(effect_rate, npery)Description
Section titled “Description”Inverse of effect: returns the nominal rate that, compounded npery times per year, produces the given effective rate.
Example
Section titled “Example”nominal(0.05354, 4) % ≈ 0.0525See also
Section titled “See also”effect— Effective annual interest rate from a nominal rate.