FUNCTION
interestNominal
Return the nominal annual interest rate. <span align="right" style="background-color:99FF99"><strong>Excel: NOMINAL</strong></span>
Interface
#include <codecogs/finance/banking/interestnominal.h>
using namespace Finance::Banking;
Calculates the nominal annual interest rate, given the effective rate and the number of compounding periods per year.
The function is based on the following equation:
(1)
Example 1
#include <iostream>
#include <codecogs/finance/banking/interestnominal.h>
int main(int argc, char *argv[])
{
double rate;
printf("Effective rate\tPeriods\tNominal rate\n");
for (double a=0.0025; a<0.1; a+=0.005)
{
rate=Finance::Banking::interestNominal(a, 4);
printf("%f\t%i\t%f\n", a, 4, rate);
}
return 1;
}Output:
Effective rate Periods Nominal rate
0.002500 4 0.002498
0.007500 4 0.007479
0.012500 4 0.012442
0.017500 4 0.017386
0.022500 4 0.022313
0.027500 4 0.027221
0.032500 4 0.032111
0.037500 4 0.036984
0.042500 4 0.041839
0.047500 4 0.046677
0.052500 4 0.051497
0.057500 4 0.056300
0.062500 4 0.061086
0.067500 4 0.065856
0.072500 4 0.070608
0.077500 4 0.075344
0.082500 4 0.080064
0.087500 4 0.084767
0.092500 4 0.089454
0.097500 4 0.094125Parameters
effRate
The effective interest rate.
nper
The number of compounding periods per year.
Returns
The nominal annual interest rate.
Interactive Calculator
effRate
nper
Result
Computing…
Set a range above first to export a graph.
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