**Public Function Nominal( _
ByVal vEffectiveRate As Variant _
, ByVal vPeriodsPerYear As Variant _
) As Variant**

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

**Example:** Nominal(.055, 4) = 0.0539006977649699
Nominal(.055, 12) = 0.0536603870045163
Nominal(.055, 365) = 0.0535446939881523

See the NominalVerify Subroutine for more examples of this Function.

**See also:** Effect Function
NOMINAL Function (Microsoft Excel)

**vEffectiveRate:** Effective 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. Copyright 1996-1999 Entisoft

Entisoft Tools is a trademark of Entisoft.