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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


next up previous contents index
Next: NOR Up: A Function Reference Previous: NETWORKDAYS

NExS User's Guide, Version 1.4.5
Grey Trout Software
11 April 1999