Returns the nominal annual interest rate.

Namespace: Imsl.Finance
Assembly: ImslCS (in ImslCS.dll) Version: 6.5.0.0

Syntax

C#
public static double Nominal(
	double effectiveRate,
	int nper
)
Visual Basic (Declaration)
Public Shared Function Nominal ( _
	effectiveRate As Double, _
	nper As Integer _
) As Double
Visual C++
public:
static double Nominal(
	double effectiveRate, 
	int nper
)

Parameters

effectiveRate
Type: System..::.Double
A double which specifies the effective interest rate.
nper
Type: System..::.Int32
A int which specifies the number of compounding periods per year.

Return Value

A double which specifies the nominal annual interest rate.

Remarks

The nominal interest rate is the interest rate as stated on the face of a security. It is computed using the following:

\left[ {\left( {1 + {\it effectiveRate}} \right)^{^{{1 \over {\it nper}}} } - 1} \right] \times {\it nper}

See Also