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Class: InterestRate - X-Ref
effective($nominalRate = 0, $periodsPerYear = 0) X-Ref |
EFFECT. Returns the effective interest rate given the nominal rate and the number of compounding payments per year. Excel Function: EFFECT(nominal_rate,npery) return: float|string param: mixed $nominalRate Nominal interest rate as a float param: mixed $periodsPerYear Integer number of compounding payments per year |
nominal($effectiveRate = 0, $periodsPerYear = 0) X-Ref |
NOMINAL. Returns the nominal interest rate given the effective rate and the number of compounding payments per year. return: float|string Result, or a string containing an error param: mixed $effectiveRate Effective interest rate as a float param: mixed $periodsPerYear Integer number of compounding payments per year |