@travishorn/financejs
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    Function nominal

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

      Remarks:

      • npery is truncated to an integer.
      • If either argument is nonnumeric, an error is thrown.
      • If effectRate <= 0 or if npery < 1, an error is thrown.
      • nominal() is related to effect() through effectiveRate = (1 + (nominalRate / npery)) * npery - 1.

      Parameters

      • effectRate: number

        The effective interest rate.

      • npery: number

        The number of compounding periods per year.

      Returns number

      the nominal annual interest rate

      nominal(0.053543, 4); // 0.05250032