September 2011
Beginner
140 pages
3h 40m
English
book
Beginning OpenOffice Calc: From Setting Up Simple Spreadsheets to Business Forecasting
by Jacek Artymiak
Content preview from Beginning OpenOffice Calc: From Setting Up Simple Spreadsheets to Business Forecasting
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Nominal Rate of Interest (NOMINAL)
Syntax: NOMINAL(Effective; Periods)
The NOMINAL function returns the nominal rate of interest for a given effective rate of interest and the number of payments. So, if you want to check the nominal rate of interest for an effective rate of 10.47% assuming 12 payment per year, use =NOMINAL(10.47%; 12), which returns 10%.
Figure 8-8. Sample result of the NOMINAL function
The opposite of this function is EFFECTIVE.
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