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Compare NOMINAL vs EFFECT

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Compare NOMINAL vs EFFECT side-by-side — differences, popularity and recommendation

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All functions Pick at least 2 functions
Feature
Financial
=NOMINAL()
Syntax
Financial
=EFFECT()
★ Winner
Syntax
Category
Financial financial
Financial financial
Popularity
30 / 100
35 / 100
Views
◉ 14 views
◉ 14 views
Output
Number
Number
Version
All versions
All versions
Volatile
No
No
Dynamic Array
No
No
Description
Returns the nominal annual interest rate, given the effective rate and the number of compounding periods per year.
Returns the effective annual interest rate, given the nominal annual interest rate and the number of compounding periods per year.
Syntax
=NOMINAL(effect_rate, npery)
=EFFECT(nominal_rate, npery)
Arguments
2 Arguments
effect_rate npery
2 Arguments
nominal_rate npery
Examples
1
1
Tips
3
2

★ Recommendation — Winner: =EFFECT()

=EFFECT() is recommended based on higher popularity, newer version and Dynamic Array support.

Winner: =EFFECT()