IFinance.Nominal

Fore Syntax

Nominal(EffectRate: Double; PeriodCount: Integer): Double;

Fore.NET Syntax

Nominal(EffectRate: double; PeriodCount: integer): double;

Parameters

Parameters	Description	Constraints
EffectRate	Actual interest rate.	Must be positive.
PeriodCount	The number of periods in a year, for which compound interest is calculated.	Must be positive.

Description

The Nominal method returns annual nominal interest rate, if the effective rate and the number of periods in a year, for which compound interest is calculated, are specified.

Comments

Nominal is calculated using the following formula:

Fore Example

To execute the example, add a link to the MathFin system assembly.

Sub UserProc;
Var
    r: Double;
Begin
    r := Finance.Nominal(0.25, 4);
    Debug.WriteLine(r);
End Sub UserProc;

After executing the example the console window displays the annual nominal interest rate equal to 0.229.

Fore.NET Example

The requirements and result of the Fore.NET example execution match with those in the Fore example.

Imports Prognoz.Platform.Interop.MathFin;
…
Public Shared Sub Main(Params: StartParams);
Var
    r: double;
    Finance: FinanceClass = New FinanceClass();
Begin
    r := Finance.Nominal(0.25, 4);
    System.Diagnostics.Debug.WriteLine(r);
End Sub;