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How do you use the EFFECT function in MS Excel?


In Microsoft Excel how do you use the function EFFECT?

In: Technology | 548 days ago

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Geetha

         EFFECT() is a financial function, which returns the effective annual interest rate. Syntax: EFFECT(nominal_rate, npery). "nominal_rate" is the nominal interest rate. "npery" is the number of compounding periods per year. Eg: EFFECT(5.25%,4) returns the effect annual interest rate 5.3543 percent.

244 days ago

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