Skip to content
Free Excel Tutorials
  • Home
  • Excel For Beginners
  • Excel Intermediate
  • Advanced Excel For Experts

Data Analysis

  • How to Create Thermometer Chart in Excel
  • Subtotal function in Excel
  • How to calculate correlation coefficient Correlation in Excel
  • How To Remove Duplicates In Excel Column Or Row?
  • Working With Tables in Excel

References

  • How to get first column number in range in Excel
  • How to get last row in text data in Excel
  • How to retrieve first match between two ranges in Excel
  • Vlookup Examples in Excel
  • Count rows with at least n matching values

Data Validations

  • Excel Data validation must begin with
  • How To Create Drop-down List in Excel
  • Excel Data validation number multiple 100
  • Excel Data validation require unique number
  • Excel Data validation allow weekday only

NOMINAL function: Description, Usage, Syntax, Examples and Explanation

by

What is NOMINAL function in Excel?

NOMINAL function is one of the Financial functions in Microsoft Excel that returns the nominal annual interest rate, given the effective rate and the number of compounding periods per year.

Syntax of NOMINAL function

NOMINAL(effect_rate, npery)

The NOMINAL function syntax has the following arguments:

  • Effect_rate: The effective interest rate.
  • Npery: The number of compounding periods per year.

NOMINAL formula explanation

  • Npery is truncated to an integer.
  • If either argument is nonnumeric, NOMINAL returns the #VALUE! error value.
  • If effect_rate ≤ 0 or if npery < 1, NOMINAL returns the #NUM! error value.
  • NOMINAL (effect_rate,npery) is related to EFFECT(nominal_rate,npery) through effective_rate=(1+(nominal_rate/npery))*npery -1.
  • The relationship between NOMINAL and EFFECT is shown in the following equation:

Example of NOMINAL function

Steps to follow:

1. Open a new Excel worksheet.

2. Copy data in the following table below and paste it in cell A1

Note: For formulas to show results, select them, press F2 key on your keyboard and then press Enter.

You can adjust the column widths to see all the data, if need be.

Data Description
0.053543 Effective interest rate
4 Number of compounding periods per year
Formula Description Result
=NOMINAL(A2,A3) Nominal interest rate with the terms above 0.05250032

Post navigation

Previous Post:

How to generate random date between two dates in Excel

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Learn Basic Excel

Ribbon
Workbook
Worksheets
Format Cells
Find & Select
Sort & Filter
Templates
Print
Share
Protect
Keyboard Shortcuts

Categories

  • Charts
  • Data Analysis
  • Data Validation
  • Excel Functions
    • Cube Functions
    • Database Functions
    • Date and Time Functions
    • Engineering Functions
    • Financial Functions
    • Information Functions
    • Logical Functions
    • Lookup and Reference Functions
    • Math and Trig Functions
    • Statistical Functions
    • Text Functions
    • Web Functions
  • Excel VBA
  • Excel Video Tutorials
  • Formatting
  • Grouping
  • Others

Logical Functions

  • IF, AND, OR and NOT Functions Examples in Excel
  • Complete List of Excel Logical Functions, References and Examples
  • IFS function: Description, Usage, Syntax, Examples and Explanation
  • How to use Excel OR Function
  • TRUE function: Description, Usage, Syntax, Examples and Explanation

Date Time

  • How to calculate workdays per month in Excel
  • Sum through n months in Excel
  • Calculate date overlap in days in Excel
  • Convert Excel time to decimal minutes
  • Display the current date and time in Excel

Grouping

  • If cell contains one of many things in Excel
  • Group times into 3 hour buckets in Excel
  • Group arbitrary text values in Excel
  • How to randomly assign people to groups in Excel
  • Group numbers with VLOOKUP in Excel

General

  • Basic text sort formula in Excel
  • How to calculate percent of goal in Excel
  • Basic numeric sort formula in Excel
  • Sum by group in Excel
  • How to password protect excel sheet?
© 2025 xlsoffice . All Right Reserved. | Teal Smiles | Abbreviations And Their Meaning