CASCALC89 COMMAND · NOT ON THE TI-89
nom(
Converts an effective annual interest rate into the nominal annual rate.
Syntax
nom(effectiveRate, CpY)
- Group
- Finance
- Arguments
- Takes the effective rate in percent and the number of compounding periods per year.
- Availability
- Pro feature in Calc89
- Origin
- TI-Nspire CAS style command; the TI-89 Titanium handheld does not have it
Example
| Input | Result |
|---|---|
| nom(5.90398,12) | 5.74999703208 |
Typing nom(5.90398,12) on the home screen and pressing ENTER returns 5.74999703208.
Related commands
- npv(Returns the net present value of a series of cash flows at a given interest rate.
- tvmFV(Time value of money: returns the future value of a loan or savings plan.
- tvmI(Time value of money: returns the annual interest rate in percent.
- tvmN(Time value of money: returns the number of payment periods.
- tvmPmt(Time value of money: returns the payment per period, for example a monthly loan payment.
- tvmPV(Time value of money: returns the present value of a loan or savings plan.
- ΣInt(Returns the total interest paid over a range of loan payments.
- ΣPrn(Returns the total principal paid over a range of loan payments.