Nominal rate of return
Return = nomrr(Rate,NumPeriods)
Effective annual percentage rate. Enter as a decimal fraction.
Number of compounding periods per year, an integer.
Return = nomrr(Rate,NumPeriods) calculates
the nominal rate of return.
This example shows how to calculate the nominal rate of return based on an effective annual percentage rate of 9.38% compounded monthly.
Return = nomrr(0.0938, 12)
Return = 0.0900