The NOMINAL function is one of the financial functions. It is used to calculate the nominal annual interest rate for a security based on a specified effective annual interest rate and the number of compounding periods per year.
The NOMINAL function syntax is:
effect-rate is the effective annual interest rate of the security.
npery is the number of compounding periods per year.
The numeric values can be entered manually or included into the cell you make reference to.
To apply the NOMINAL function,
The result will be displayed in the selected cell.
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