<div class="raw-html-embed">
	<p>The <b>EFFECT</b> function is one of the <a href="../../docs/userguides/spreadsheet_editor/InsertFunction.aspx#financial" onclick="onhyperlinkclick(this)">financial functions</a>. It is used to calculate the effective annual interest rate for a security based on a specified nominal annual interest rate and the number of compounding periods per year.</p>
	<h5 class="pt8">Syntax</h5>
	<p><b><em>EFFECT(nominal_rate, npery)</em></b></p>
	<p>The <b>EFFECT</b> function has the following arguments:</p>
	<table>
		<tbody>
			<tr>
				<th style="background-color: #f4f4f4" width="150ch"><b>Argument</b></th>
				<th style="background-color: #f4f4f4"><b>Description</b></th>
			</tr>
			<tr>
				<td><b><em>nominal_rate</em></b></td>
				<td>The nominal annual interest rate of the security.</td>
			</tr>
			<tr>
				<td><b><em>npery</em></b></td>
				<td>The number of compounding periods per year.</td>
			</tr>
		</tbody>
	</table>

	<h5 class="pt8">Notes</h5>
	<p><a href="../../docs/userguides/spreadsheet_editor/InsertFunction.aspx#howtoapplyfunctions_block" onclick="onhyperlinkclick(this)">How to apply</a> the <b>EFFECT</b> function.</p>

	<h5 class="pt8">Examples</h5>
	<p>The figure below displays the result returned by the <b>EFFECT</b> function.</p>
	<p><img alt="EFFECT Function" src="https://static-helpcenter.onlyoffice.com/effect_fb36a9d5d8.png"></p>
</div>

EFFECT function 

Docs

Argument	Description
*nominal_rate*	The nominal annual interest rate of the security.
*npery*	The number of compounding periods per year.

EFFECT function

Syntax

Notes

Examples

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