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SpreadJS Documentation / Formula Reference / Formula Functions / EFFECT
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    EFFECT
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    This function calculates the effective annual interest rate for a given nominal annual interest rate and the number of compounding periods per year.

    Syntax

    EFFECT(nomrate,comper)

    Arguments

    This function has these arguments:

    Argument Description
    nomrate Nominal interest rate
    comper Number of compounding periods; if not an integer, the number is truncated

    Remarks

    The #VALUE! error is returned if either argument is nonnumeric. The #NUM error is returned if nomrate is less than or equal to zero or if comper is less than one. Comper is truncated to an integer.

    Data Types

    Accepts numeric data for both arguments. Returns numeric data.

    Examples

    EFFECT(J12,B3)

    EFFECT(R12C10,R3C2)

    EFFECT(6.5%,8) gives the result 0.66878782

    See Also