41 lines
2.5 KiB
HTML
41 lines
2.5 KiB
HTML
<!DOCTYPE html>
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<html>
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<head>
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<title>NOMINAL Function</title>
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<meta charset="utf-8" />
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<meta name="description" content="" />
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<link type="text/css" rel="stylesheet" href="../editor.css" />
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<script type="text/javascript" src="../callback.js"></script>
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<script type="text/javascript" src="../search/js/page-search.js"></script>
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</head>
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<body>
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<div class="mainpart">
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<div class="search-field">
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<input id="search" class="searchBar" placeholder="Search" type="text" onkeypress="doSearch(event)">
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</div>
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<h1>NOMINAL Function</h1>
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<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>
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<p>The <b>NOMINAL</b> function syntax is:</p>
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<p style="text-indent: 150px;"><b><em>NOMINAL(effect-rate, npery)</em></b></p>
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<p><em>where</em></p>
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<p style="text-indent: 50px;"><b><em>effect-rate</em></b> is the effective annual interest rate of the security.</p>
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<p style="text-indent: 50px;"><b><em>npery</em></b> is the number of compounding periods per year.</p>
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<p>The numeric values can be entered manually or included into the cell you make reference to.</p>
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<p>To apply the <b>NOMINAL</b> function,</p>
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<ol>
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<li>select the cell where you wish to display the result,</li>
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<li>
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click the <b>Insert function</b> <img alt="Insert function icon" src="../images/insertfunction.png" /> 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 <img alt="Function icon" src="../images/function.png" /> icon situated at the formula bar,
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</li>
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<li>select the <b>Financial</b> function group from the list,</li>
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<li>click the <b>NOMINAL</b> function,</li>
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<li>enter the required arguments separating them by commas,</li>
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<li>press the <b>Enter</b> button.</li>
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</ol>
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<p>The result will be displayed in the selected cell.</p>
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<p style="text-indent: 150px;"><img alt="NOMINAL Function" src="../images/nominal.png" /></p>
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</div>
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</body>
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</html> |