35 lines
1.9 KiB
HTML
35 lines
1.9 KiB
HTML
|
<!DOCTYPE html>
|
|||
|
|
<html>
|
|||
|
|
<head>
|
|||
|
|
<title>EFFECT Function</title>
|
|||
|
|
<meta charset="utf-8" />
|
|||
|
|
<meta name="description" content="" />
|
|||
|
|
<link type="text/css" rel="stylesheet" href="../editor.css" />
|
|||
|
|
</head>
|
|||
|
|
<body>
|
|||
|
|
<div class="mainpart">
|
|||
|
|
<h1>EFFECT Function</h1>
|
|||
|
|
<p>The <b>EFFECT</b> function is one of the financial functions. 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>
|
|||
|
|
<p>The <b>EFFECT</b> function syntax is:</p>
|
|||
|
|
<p style="text-indent: 150px;"><b><em>EFFECT(nominal-rate, npery)</em></b></p>
|
|||
|
|
<p><em>where</em></p>
|
|||
|
|
<p style="text-indent: 50px;"><b><em>nominal-rate</em></b> is the nominal annual interest rate of the security.</p>
|
|||
|
|
<p style="text-indent: 50px;"><b><em>npery</em></b> is the number of compounding periods per year.</p>
|
|||
|
|
<p>The numeric values can be entered manually or included into the cell you make reference to.</p>
|
|||
|
|
<p>To apply the <b>EFFECT</b> function,</p>
|
|||
|
|
<ol>
|
|||
|
|
<li>select the cell where you wish to display the result,</li>
|
|||
|
|
<li>click the <b>Insert Function</b> <img alt="Insert Function icon" src="../images/insertfunction.png" /> icon situated at the top toolbar,
|
|||
|
|
<br />or right-click within a selected cell and select the <b>Insert Function</b> option from the menu,
|
|||
|
|
<br />or click the <img alt="Function icon" src="../images/function.png" /> icon situated at the formula bar,
|
|||
|
|
</li>
|
|||
|
|
<li>select the <b>Financial</b> function group from the list,</li>
|
|||
|
|
<li>click the <b>EFFECT</b> function,</li>
|
|||
|
|
<li>enter the required arguments separating them by commas,</li>
|
|||
|
|
<li>press the <b>Enter</b> button.</li>
|
|||
|
|
</ol>
|
|||
|
|
<p>The result will be displayed in the selected cell.</p>
|
|||
|
|
<p style="text-indent: 150px;"><img alt="EFFECT Function" src="../images/effect.png" /></p>
|
|||
|
|
</div>
|
|||
|
|
</body>
|
|||
|
|
</html>
|