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NOMINAL Function in Excel: Syntax, Examples and Free Practice

By Rinkesh Shah, founder of Cellgrids.

NOMINAL is an Excel Financial function. Returns the nominal annual interest rate from an effective rate.

NOMINAL syntax

=NOMINAL(effect_rate, npery)

Arguments

When to use NOMINAL

NOMINAL is used in loan, investment, or valuation models where precise financial math is required.

Practice NOMINAL online, free

Open the live Excel-style spreadsheet and try NOMINAL yourself. No Excel install or sign-up needed to start.

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Frequently asked questions

What does the NOMINAL function do in Excel?

Returns the nominal annual interest rate from an effective rate.

What is the syntax of NOMINAL in Excel?

The syntax is =NOMINAL(effect_rate, npery). effect_rate: The effective annual interest rate; npery: The number of compounding periods per year.

Where can I practice NOMINAL online for free?

Open the free live spreadsheet on Cellgrids and try NOMINAL yourself. No Excel install is needed and you can start without signing up.

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