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< title > NOMINAL Function< / title >
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< h1 > NOMINAL Function< / h1 >
< p > The < b > NOMINAL< / b > function is one of the financial functions. It is used to calculate the nominal annual interest rate for a security based on a specified effective annual interest rate and the number of compounding periods per year.< / p >
< p > The < b > NOMINAL< / b > function syntax is:< / p >
< p style = "text-indent: 150px;" > < b > < em > NOMINAL(effect-rate, npery)< / em > < / b > < / p >
< p > < em > where< / em > < / p >
< p style = "text-indent: 50px;" > < b > < em > effect-rate< / em > < / b > is the effective 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 > NOMINAL< / b > function,< / p >
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< li > select the cell where you wish to display the result,< / li >
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click the < b > Insert function< / b > < div class = "icon icon-insertfunction" > < / div > icon situated at the top toolbar,
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< br / > or right-click within a selected cell and select the < b > Insert Function< / b > option from the menu,
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< br / > or click the < div class = "icon icon-function" > < / div > icon situated at the formula bar,
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< li > select the < b > Financial< / b > function group from the list,< / li >
< li > click the < b > NOMINAL< / b > function,< / li >
< li > enter the required arguments separating them by commas,< / li >
< li > press the < b > Enter< / b > button.< / li >
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< p > The result will be displayed in the selected cell.< / p >
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