Financial
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=NOMINAL()
Returns the nominal annual interest rate, given the effective rate and the number of compounding periods per year.
Applies To:
Excel for Microsoft 365Excel for Microsoft 365 for MacExcel 2024Excel 2024 for MacExcel 2021Excel 2021 for MacExcel 2019Excel 2016
=NOMINAL(effect_rate, npery)
Hover argument names in the table for details.
Output typeNumber
Popularity30 / 100
VolatileNo
Dynamic ArrayNo
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◧ Arguments
| Argument | Type | Required | Description |
|---|---|---|---|
effect_rate |
Number | Required | The effective interest rate. |
npery |
Number | Required | The number of compounding periods per year. |
▣ Examples
▦ Data
| Cell | Value | Description |
|---|---|---|
A2 |
0.053543 | Effective interest rate |
A3 |
4 | Number of compounding periods per year |
A4 |
0.053543 | Effective interest rate |
A5 |
4 | Number of compounding periods per year |
Nominal interest rate with the terms above
=NOMINAL(A2,A3)
Result:
0.05250032
§ Remarks
- Npery is truncated to an integer.
- If either argument is nonnumeric, NOMINAL returns the #VALUE! error value.
- If effect_rate ≤ 0 or if npery < 1, NOMINAL returns the #NUM! error value.
- NOMINAL (effect_rate,npery) is related to EFFECT(nominal_rate,npery) through effective_rate=(1+(nominal_rate/npery))*npery -1.
- The relationship between NOMINAL and EFFECT is shown in the following equation:
✦ Tips
- Npery is truncated to an integer.
- NOMINAL (effect_rate,npery) is related to EFFECT(nominal_rate,npery) through effective_rate=(1+(nominal_rate/npery))*npery -1.
- The relationship between NOMINAL and EFFECT is shown in the following equation:
⚠ Common Errors
#VALUE!
If either argument is nonnumeric, NOMINAL returns the #VALUE! error value.
Fix: برای effect_rate و npery مقادیر عددی وارد کنید.
#NUM!
If effect_rate ≤ 0 or if npery < 1, NOMINAL returns the #NUM! error value.
Fix: Check the two arguments
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