# NOMINAL

Spread for WinForms provides advanced software components that support Excel import/export, full cell customization, an extensive calculation engine with over 450 functions and more, all with zero dependencies on Excel.

## Content



This function returns the nominal annual interest rate for a given effective rate and number of compounding periods per year.

## Syntax

NOMINAL(*effrate*,*comper*)

## Arguments

This function has these arguments:

| **Argument** | **Description** |
| -------- | ----------- |
| *effrate* | Value representing the effective interest rate |
| *comper* | Number of compounding periods per year; if not an integer, the number is truncated |

## Remarks

This function returns a #VALUE! error if effrate or comper is nonnumeric. If effrate is less than or equal to 0 or if comper is less than 1, a #NUM! error is returned.

## Data Types

Accepts numeric data for all arguments. Returns numeric data.

## Examples

`NOMINAL(A4,A5)`
`NOMINAL(R4C1,3)`
`NOMINAL(6.2336%,2)` gives the result 0.061393703
`NOMINAL(6.2336%,6)` gives the result 0.060776004

## Version Available

This function is available in product version 1.0 or later.

## See Also

[EFFECT](/spreadnet/docs/latest/online-formula/formulas-functionsall/formulas-functsDtoG/FunctionEFFECT) \| [INTRATE](/spreadnet/docs/latest/online-formula/formulas-functionsall/formulas-functsFtoK/FunctionINTRATE) \| [Financial Functions](/spreadnet/docs/latest/online-formula/formulas-overview/formulas-functs/formulas-functtypes/formulas-functsfinance)