Effect

1 Description
2 Syntax
3 Parameters
4 Example
5 See Also

Description

Minimum Origin Version Required: 2019 SR0

This function is used to calculate the effective annual interest rate, given the nominal interest rate nrate and the number of compounding periods per year npery.

$Effect = {\left( {1 + \frac{{nrate}}{{nprey}}} \right)^{nprey}} - 1\$

Syntax

double Effect( double nrate, int npery )

Parameters

nrate

The nominal interest rate. nrate > 0

nprey

The number of compounding periods per year. npery >= 1

Example

aa=0.05;
bb=4;
effect(aa, bb) = ;  // returns 0.050945

Effect

Contents

Description

Syntax

Parameters

Example

See Also