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ratenominal.rst

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RateNominal

The function :aimmsRateNominal returns the nominal annual interest rate, expressed as a fraction, on the basis of an effective annual interest rate plus the number of compounding periods per year.

RateNominal(
    EffectiveRate,             ! (input) numerical expression
    NumberPeriods              ! (input) numerical expression
    )

Arguments

EffectiveRate

The effective annual interest rate expressed as a fraction. EffectiveRate must be a nonnegative decimal number.

NumberPeriods

The number of compounding periods per year. NumberPeriods must be a positive integer.

Return Value

The function :aimmsRateNominal returns the nominal annual interest rate expressed as a fraction.

Note

  • The equation on which the conversion between nominal and effective rates is based, is explained for the function :aimmsRateEffective (the inverse of :aimmsRateNominal).
  • This function can be used in an objective function or constraint, and the input parameter EffectiveRate can be used as a variable.
  • The function :aimmsRateNominal is similar to the Excel function NOMINAL.

The function :aimmsRateEffective.