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NOMINAL

NOMINAL

Name

NOMINAL -- 

Description

NOMINAL calculates the nominal interest rate from a given effective rate.

Nominal interest rate is given by a formula:

@nper * (( 1 + @r ) ^ (1 / @nper) - 1 )

where:

@r = effective interest rate

@nper = number of periods used for compounding

Examples

See also

EFFECT.