Finance.Nominal Method

FinanceNominal Method

Returns the nominal annual interest rate.

Namespace: Imsl.Finance
Assembly: ImslCS (in ImslCS.dll) Version: 6.5.2.0

Syntax

public static double Nominal(
	double effectiveRate,
	int nper
)

Public Shared Function Nominal ( 
	effectiveRate As Double,
	nper As Integer
) As Double

public:
static double Nominal(
	double effectiveRate, 
	int nper
)

static member Nominal : 
        effectiveRate : float * 
        nper : int -> float

effectiveRate: Type: SystemDouble
A double which specifies the effective interest rate.
nper: Type: SystemInt32
A int which specifies the number of compounding periods per year.

Type: Double
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:

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