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WorksheetFunction.Nominal Method (Excel)

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

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

  • 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: awfnomnl_ZA06051211

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