### Example: Nominal Rate

In this example the nominal interest rate is computed given that the effective rate is 6.14% and that the interest has been compounded quarterly.
import com.imsl.finance.*;
import java.text.NumberFormat;
public class nominalEx1 {
public static void main(String args[]) {
double effectiveRate = .0614;
int nper = 4;
double nominalRate = Finance.nominal(effectiveRate, nper);
NumberFormat nf = NumberFormat.getPercentInstance();
nf.setMaximumFractionDigits(2);
System.out.println("The nominal rate of the effective rate, 6.14%, "
+ "compounded quarterly is " + nf.format(nominalRate));
}
}

#### Output

The nominal rate of the effective rate, 6.14%, compounded quarterly is 6%

Link to Java source.