Syntax
=NOMINAL(effect_rate, npery)Arguments
| Argument | Required | Description |
|---|---|---|
effect_rate | Required | The effective annual rate |
npery | Required | Compounding periods per year |
How to use NOMINAL
NOMINAL takes 2 required arguments. Type =NOMINAL( in a cell and SheetsBat shows the arguments as you go. Optional arguments are shown in square brackets; leave them out to use their default.
Examples
Each result below was calculated by the SheetsBat formula engine.
=NOMINAL(0.053543, 4)Result Related financial functions
- IRRReturns the internal rate of return of cash flows at regular periods.
- ISPMTReturns the interest paid in one period of a loan with equal principal repayments.
- MDURATIONReturns the modified duration in years of a security that pays periodic interest, for 100 face value.
- MIRRReturns the modified internal rate of return, with separate rates for financing and reinvestment.
- NPERReturns the number of payment periods needed for a loan or investment.
- NPVReturns the net present value of future cash flows (at the end of each period) at a discount rate.
- ODDFPRICEReturns the price per 100 face value of a security with an odd (short or long) first period.
- ODDFYIELDReturns the yield of a security with an odd (short or long) first period.
- ODDLPRICEReturns the price per 100 face value of a security with an odd (short or long) last period.