Excel Function : EFFECT
Category
Financial
Description
Returns the effective annual interest rate
Microsoft Excel Reference Page
https://support.office.com/en-us/article/EFFECT-function-910d4e4c-79e2-4009-95e6-507e04f11bc4
Syntax and Description of the EFFECT Excel Function
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About EFFECT Excel Function
The EFFECT function returns the effective interest rate given the nominal interest rate and the number of compounding periods per year.
