<div class="raw-html-embed"><p>The <b>EFFECT</b> function is one of the <a href="https://helpcenter.onlyoffice.com/onlyoffice-editors/onlyoffice-spreadsheet-editor/UsageInstructions/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 style="width: 40%">
                <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="https://helpcenter.onlyoffice.com/onlyoffice-editors/onlyoffice-spreadsheet-editor/UsageInstructions/InsertFunction.aspx#applyfunction" 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.teamlab.info/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

Host ONLYOFFICE Docs on your own server or use it in the cloud