NOMINAL function - Zoho Sheet - Help Guide

NOMINAL

Returns the annual nominal interest rate, given the effective rate and the number of compounding periods per year.

 

Syntax

 

NOMINAL(eff_rate; num)
eff_rate: The effective interest rate. Eg., 2.34%
num: Number of compounding periods per year. Eg., 4

 

Examples  

 

Formula

Result

=NOMINAL(A2;B2)

2.32%

=NOMINAL(A3;B3)

1.25%

=NOMINAL(A4;B4)

0.64%


Get a hands-on experience of the function in the embedded range below. 



Possible Errors

 

Errors

Meaning

#N/A!

  • The function could not find the value it was asked to look for. Commonly occurs in VLOOKUP and similar functions.

#NAME!

  • The function name is incorrect or invalid.

  • The given defined name (if any) is invalid.

  • There is a typo in the defined name used in the function.

  • Double quotes are missing for text values in the function.

  • Colon missing in a cell range reference.

#VALUE!

  • The given argument's data type is incorrect or invalid.
    For example, the function =DATE(A1:A3) will return a #VALUE error when a text value is present in the range.

#REF!

  • The given cell reference is incorrect or invalid. This error may occur when a cell/range has been deleted, moved, or pasted over.

#NUM!

  • The value of eff_rate is less than equal to 0, or num is less than 1.

 

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