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Effect Function
Math Financial Class

Public Function Effect( _
      ByVal vNominalRate As Variant _
    , ByVal vPeriodsPerYear As Variant _
    ) As Variant

Calculates the effective annual interest rate, given the nominal annual interest rate and the number of compounding periods per year.

Example: 
    Effect(.055,   4) = 0.0561448091821286
    Effect(.055,  12) = 0.056407860385536
    Effect(.055, 365) = 0.0565362369937314
See the EffectVerify Subroutine for more examples of this Function.
See also: 
    Nominal Function
    EFFECT Function (Microsoft Excel)
vNominalRate: Nominal annual interest rate. Must be greater than zero (>0), otherwise this function returns Null.
vPeriodsPerYear: Number of compounding periods per year. vPeriodsPerYear is truncated to an integer number, and the result must be greater than or equal to one (>=1), otherwise this function will return Null.
v2.0 Addition: This function is new to this version of Entisoft Tools.

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