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.
using System;
using Imsl.Finance;
public class nominalEx1
{
public static void Main(String[] args)
{
double effectiveRate = .0614;
int nper = 4;
double nominalRate = Finance.Nominal(effectiveRate, nper);
Console.Out.WriteLine("The nominal rate of the effective rate,"
+ "6.14%, \ncompounded quarterly is " +
nominalRate.ToString("P"));
}
}
Output
The nominal rate of the effective rate,6.14%,
compounded quarterly is 6.00 %
Link to C# source.