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Tag: NOMINAL function

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

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┬áNOMINAL 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…