How to Use NOMINAL() in Google Sheets

Description

Calculates the annual nominal interest rate given the effective rate and number of compounding periods per year.

How To Actually Use NOMINAL() in Sheets

NOMINAL(effective_rate, periods_per_year)

Try NOMINAL yourself

In cells A1 and A2, enter the effective interest rate and the number of compounding periods per year, respectively. Use the NOMINAL formula in cell A3 to calculate the annual nominal interest rate.

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