Effect(NominalRate: Double; PeriodCount: Integer): Double;
Parameters | Description | Constraints |
NominalRate | Nominal annual interest rate. | Cannot be negative. |
PeriodCount | The number of periods in a year, for which compound interest is calculated. | Must be positive. |
The Effect method returns effective annual percentage rate.
Effect is calculated using the following formula:
To execute the example, add a link to the MathFin system assembly.
Sub UserProc;
Var
r: Double;
Begin
r := Finance.Effect(0.25, 4);
Debug.WriteLine(r);
End Sub UserProc;
After executing the example the console window displays effective annual percentage rate equal to 0.2744.
See also: