WorksheetFunction.Nominal method (Excel)

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

Syntax

expression.Nominal (Arg1, Arg2)

expression A variable that represents a WorksheetFunction object.

Parameters

Name Required/Optional Data type Description
Arg1 Required Variant Effect_rate - the effective interest rate.
Arg2 Required Variant Npery - the number of compounding periods per year.

Return value

Double

Remarks

Npery is truncated to an integer.

If either argument is nonnumeric, Nominal returns the #VALUE! error value.

If effect_rate ≤ 0 or if npery < 1, Nominal returns the #NUM! error value.

Nominal is related to Effect as shown in the following equation:

Formula

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