Calculates the nominal annual interest rate, given the effective rate and the number of compounding periods per year.
Remarks:
npery
effectRate
0
1
nominal()
effect()
effectiveRate = (1 + (nominalRate / npery)) * npery - 1
The effective interest rate.
The number of compounding periods per year.
the nominal annual interest rate
nominal(0.053543, 4); // 0.05250032 Copy
nominal(0.053543, 4); // 0.05250032
Calculates the nominal annual interest rate, given the effective rate and the number of compounding periods per year.
Remarks:
nperyis truncated to an integer.effectRate<=0or ifnpery<1, an error is thrown.nominal()is related toeffect()througheffectiveRate = (1 + (nominalRate / npery)) * npery - 1.