How to use the NOMINAL function
The NOMINAL function calculates the nominal annual interest rate based on the effective rate and the number of compounding periods per year.
Formula in cell B7:
Excel Function Syntax
NOMINAL(effect_rate, npery)
Arguments
| effect_rate | Required. The effective interest rate. |
| npery | Required. The number of compounding periods per year. |
Comments
The NOMINAL function returns:
- #VALUE! if an argument is not a numerical value.
- #NUM! if effect_rate is smaller than 0 (zero) or if npery is smaller than 1.
The npery argument is automatically converted to a whole number by removing the decimals.
The NOMINAL function is related to the EFFECT function.
This extensive function reference list provides detailed information including syntax, arguments, return values, and examples for many of the functions used in Excel formulas. Click on headers to sort table.
Functions in 'Financial'
The NOMINAL function function is one of many functions in the 'Financial' category.
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