NOMINAL function

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.

Syntax

NOMINAL(effect_rate, npery)

The NOMINAL function has the following arguments:

Argument	Description
effect_rate	The effective annual interest rate of the security.
npery	The number of compounding periods per year.

Notes

How to apply the NOMINAL function.

Examples

The figure below displays the result returned by the NOMINAL function.