Google Sheets
NOMINAL function in Google Sheets
Calculates the annual nominal interest rate given the effective rate and number of compounding periods per year.
=NOMINAL(effective_rate, periods_per_year)NOMINAL syntax and parameters
Two arguments, two required.
- effective_ratenumberRequired
The effective interest rate per year.
- periods_per_yearnumberRequired
The number of compounding periods per year.
NOMINAL examples
Formulas you'll actually reuse.
Back from an effective 6.17% to the 6% nominal rate the bank quotes:
=NOMINAL(6.17%, 12)Result
0.06The quarterly-compounding nominal rate that yields 5% a year:
=NOMINAL(5%, 4)Result
0.0491
NOMINAL in Excel
Same name — your formula ports as-is.
Try NOMINAL in the playground
Edit the example — nothing to install.
Preloaded with the NOMINAL formula from Example 1 — change anything and watch it respond.
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