NOMINAL

Calculates the annual nominal interest rate given the effective rate and number of compounding periods per year.

Sample Usage

NOMINAL(0.85,12)

NOMINAL(A2,A3)

Syntax

NOMINAL(effective_rate, periods_per_year)

  • effective_rate - The effective interest rate per year.

  • periods_per_year - The number of compounding periods per year.

See Also

INTRATE: Calculates the effective interest rate generated when an investment is purchased at one price and sold at another with no interest or dividends generated by the investment itself.

EFFECT: Calculates the annual effective interest rate given the nominal rate and number of compounding periods per year.

Examples

true
Visit the Learning Center

Using Google products, like Google Docs, at work or school? Try powerful tips, tutorials, and templates. Learn to work on Office files without installing Office, create dynamic project plans and team calendars, auto-organize your inbox, and more.

Search
Clear search
Close search
Google apps
Main menu
2635010097147465062
true
Search Help Center
true
true
true
true
true
35
false
false