IFinance.Nominal

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:

Example

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

Sub UserProc;
Var
    r: Double;
Begin
    r := Finance.
Nominal(0.254);
    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:

IFinance