Nominal(EffectRate: Double; PeriodCount: Integer): Double;
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. |
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.
Nominal 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.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.
See also: