NOMINAL

returns annual nominal interest rate · from excel · excel: verified match · sheets: verified match

signature

NOMINAL(effect_rate, npery)

returns: number

argumentrequired
effect_rate required
npery required

examples

formula and result, taken from the engine's own test suite — every result below is asserted in CI, not written by hand.

fx =NOMINAL(0.0535, 4) 0.05245896887914281

related

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  • ACCRINTM accrued interest for a security paying at maturity
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  • COUPDAYS days in the coupon period containing settlement