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Formula Functions
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Financial Functions
- ACCRINT
- ACCRINTM
- AMORDEGRC
- AMORLINC
- COUPDAYBS
- COUPDAYS
- COUPDAYSNC
- COUPNCD
- COUPNUM
- COUPPCD
- CUMIPMT
- CUMPRINC
- DB
- DDB
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- DOLLARDE
- DOLLARFR
- DURATION
-
EFFECT
- FV
- FVSCHEDULE
- INTRATE
- IPMT
- IRR
- ISPMT
- MDURATION
- MIRR
- NOMINAL
- NPER
- NPV
- ODDFPRICE
- ODDFYIELD
- ODDLPRICE
- ODDLYIELD
- PDURATION
- PMT
- PPMT
- PRICE
- PRICEDISC
- PRICEMAT
- PV
- RATE
- RECEIVED
- RRI
- SLN
- SYD
- TBILLEQ
- TBILLPRICE
- TBILLYIELD
- VDB
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EFFECT
This function calculates the effective annual interest rate for a given nominal annual interest rate and the number of compounding periods per year.
Syntax
EFFECT(nomrate, comper)
Arguments
This function has these arguments:
Argument | Description |
|---|---|
nomrate | Nominal interest rate |
comper | Number of compounding periods; if not an integer, the number is truncated |
Remarks
The #VALUE! error is returned if either argument is non-numeric.
The #NUM error is returned if nomrate is less than or equal to zero or if comper is less than one.
Comper is truncated to an integer.
Data Types
Accepts numeric data for both arguments. Returns numeric data.
Examples
EFFECT(J12,B3)
EFFECT(R12C10,R3C2)
EFFECT(6.5%,8) gives the result 0.66878782