{"id":327,"date":"2025-07-15T13:34:46","date_gmt":"2025-07-15T13:34:46","guid":{"rendered":"https:\/\/functiontranslator.com\/2021\/02\/12\/nominal\/"},"modified":"2021-02-13T11:35:34","modified_gmt":"2021-02-13T11:35:34","slug":"nominal","status":"publish","type":"post","link":"https:\/\/functiontranslator.com\/en\/nominal\/","title":{"rendered":"NOMINAL"},"content":{"rendered":"

Welcome to our discussion on the NOMINAL function, available in both Excel and Google Sheets. This function is essential for calculating the nominal annual interest rate from the effective interest rate and the number of compounding periods per year. We will explore how to apply this function effectively in your spreadsheet tasks.<\/p>\n

Function Overview<\/h2>\n

The NOMINAL function follows the same syntax in both Excel and Google Sheets:<\/p>\n

=NOMINAL(effect_rate, npery)<\/code><\/pre>\n
    \n
  • effect_rate<\/code>: This is the effective interest rate per period.<\/li>\n
  • npery<\/code>: This represents the number of compounding periods per year.<\/li>\n<\/ul>\n
    Practical Applications<\/h2>\n
    The NOMINAL function is particularly useful in various financial calculations, such as:<\/p>\n
      \n
    1. Calculating the nominal interest rate for loans with monthly compounding.<\/li>\n
    2. Figuring out the annual interest rate for investments with quarterly compounding.<\/li>\n<\/ol>\n
      Using the NOMINAL function in Excel and Google Sheets<\/h2>\n
      Let’s walk through an example to demonstrate how to use the NOMINAL function to determine the nominal interest rate.<\/p>\n
      Excel Example<\/h3>\n
      Suppose you have a loan with an effective monthly interest rate of 5%. To calculate the nominal annual interest rate with monthly compounding, you would set up your worksheet as follows:<\/p>\n\n\n\n
      Effective Rate<\/th>\nCompounding Periods<\/th>\nNominal Rate<\/th>\n<\/tr>\n
      5%<\/td>\n12<\/td>\n=NOMINAL(0.05, 12)<\/td>\n<\/tr>\n<\/table>\n
      The formula =NOMINAL(0.05, 12)<\/code> calculates the nominal annual interest rate based on these inputs.<\/p>\n
      Google Sheets Example<\/h3>\n
      The procedure in Google Sheets is identical to Excel. Using the same data, enter the formula in a cell to compute the nominal rate:<\/p>\n\n\n\n
      Effective Rate<\/th>\nCompounding Periods<\/th>\nNominal Rate<\/th>\n<\/tr>\n
      5%<\/td>\n12<\/td>\n=NOMINAL(0.05, 12)<\/td>\n<\/tr>\n<\/table>\n
      This formula will yield the same result in Google Sheets as it does in Excel.<\/p>\n
      By following these steps, you can now effectively implement the NOMINAL function in both Excel and Google Sheets to enhance your financial analysis and decision-making.<\/p>\n","protected":false},"excerpt":{"rendered":"
      Returns the annual nominal interest rate<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[199],"tags":[],"class_list":["post-327","post","type-post","status-publish","format-standard","hentry","category-financial"],"acf":[],"yoast_head":"\nExcel NOMINAL Function \u2013 How It Works, Formula Examples and Syntax<\/title>\n<meta name=\"description\" content=\"Learn what the Excel NOMINAL function does. Clear syntax explanation and useful formula examples.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/functiontranslator.com\/en\/nominal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Excel NOMINAL Function \u2013 How It Works, Formula Examples and Syntax\" \/>\n<meta property=\"og:description\" content=\"Learn what the Excel NOMINAL function does. Clear syntax explanation and useful formula examples.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/functiontranslator.com\/en\/nominal\/\" \/>\n<meta property=\"og:site_name\" content=\"Function Translator\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-15T13:34:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-13T11:35:34+00:00\" \/>\n<meta name=\"author\" content=\"glavadmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Excel NOMINAL Function \u2013 How It Works, Formula Examples and Syntax\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"glavadmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/functiontranslator.com\/en\/nominal\/\",\"url\":\"https:\/\/functiontranslator.com\/en\/nominal\/\",\"name\":\"Excel NOMINAL Function \u2013 How It Works, Formula Examples and Syntax\",\"isPartOf\":{\"@id\":\"https:\/\/functiontranslator.com\/no\/#website\"},\"datePublished\":\"2025-07-15T13:34:46+00:00\",\"dateModified\":\"2021-02-13T11:35:34+00:00\",\"author\":{\"@id\":\"https:\/\/functiontranslator.com\/no\/#\/schema\/person\/87663eece497ca58643166ecb09f1389\"},\"description\":\"Learn what the Excel NOMINAL function does. Clear syntax explanation and useful formula examples.\",\"breadcrumb\":{\"@id\":\"https:\/\/functiontranslator.com\/en\/nominal\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/functiontranslator.com\/en\/nominal\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/functiontranslator.com\/en\/nominal\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Function Excel\",\"item\":\"https:\/\/functiontranslator.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/functiontranslator.com\/en\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"NOMINAL\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/functiontranslator.com\/no\/#website\",\"url\":\"https:\/\/functiontranslator.com\/no\/\",\"name\":\"Function Translator\",\"description\":\"Excel function translator\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/functiontranslator.com\/no\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/functiontranslator.com\/no\/#\/schema\/person\/87663eece497ca58643166ecb09f1389\",\"name\":\"glavadmin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/functiontranslator.com\/no\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/03ccd9347c5339db75deede5a8c5b2bf1d40e0bce26a5251fcaac6331d381db8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/03ccd9347c5339db75deede5a8c5b2bf1d40e0bce26a5251fcaac6331d381db8?s=96&d=mm&r=g\",\"caption\":\"glavadmin\"},\"sameAs\":[\"https:\/\/functiontranslator.com\"],\"url\":\"https:\/\/functiontranslator.com\/en\/author\/glavadmin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Excel NOMINAL Function \u2013 How It Works, Formula Examples and Syntax","description":"Learn what the Excel NOMINAL function does. Clear syntax explanation and useful formula examples.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/functiontranslator.com\/en\/nominal\/","og_locale":"en_US","og_type":"article","og_title":"Excel NOMINAL Function \u2013 How It Works, Formula Examples and Syntax","og_description":"Learn what the Excel NOMINAL function does. Clear syntax explanation and useful formula examples.","og_url":"https:\/\/functiontranslator.com\/en\/nominal\/","og_site_name":"Function Translator","article_published_time":"2025-07-15T13:34:46+00:00","article_modified_time":"2021-02-13T11:35:34+00:00","author":"glavadmin","twitter_card":"summary_large_image","twitter_title":"Excel NOMINAL Function \u2013 How It Works, Formula Examples and Syntax","twitter_misc":{"Written by":"glavadmin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/functiontranslator.com\/en\/nominal\/","url":"https:\/\/functiontranslator.com\/en\/nominal\/","name":"Excel NOMINAL Function \u2013 How It Works, Formula Examples and Syntax","isPartOf":{"@id":"https:\/\/functiontranslator.com\/no\/#website"},"datePublished":"2025-07-15T13:34:46+00:00","dateModified":"2021-02-13T11:35:34+00:00","author":{"@id":"https:\/\/functiontranslator.com\/no\/#\/schema\/person\/87663eece497ca58643166ecb09f1389"},"description":"Learn what the Excel NOMINAL function does. Clear syntax explanation and useful formula examples.","breadcrumb":{"@id":"https:\/\/functiontranslator.com\/en\/nominal\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/functiontranslator.com\/en\/nominal\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/functiontranslator.com\/en\/nominal\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Function Excel","item":"https:\/\/functiontranslator.com\/en\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/functiontranslator.com\/en\/financial\/"},{"@type":"ListItem","position":3,"name":"NOMINAL"}]},{"@type":"WebSite","@id":"https:\/\/functiontranslator.com\/no\/#website","url":"https:\/\/functiontranslator.com\/no\/","name":"Function Translator","description":"Excel function translator","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/functiontranslator.com\/no\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/functiontranslator.com\/no\/#\/schema\/person\/87663eece497ca58643166ecb09f1389","name":"glavadmin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/functiontranslator.com\/no\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/03ccd9347c5339db75deede5a8c5b2bf1d40e0bce26a5251fcaac6331d381db8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/03ccd9347c5339db75deede5a8c5b2bf1d40e0bce26a5251fcaac6331d381db8?s=96&d=mm&r=g","caption":"glavadmin"},"sameAs":["https:\/\/functiontranslator.com"],"url":"https:\/\/functiontranslator.com\/en\/author\/glavadmin\/"}]}},"_links":{"self":[{"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/posts\/327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/comments?post=327"}],"version-history":[{"count":3,"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/posts\/327\/revisions"}],"predecessor-version":[{"id":3218,"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/posts\/327\/revisions\/3218"}],"wp:attachment":[{"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/media?parent=327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/categories?post=327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/functiontranslator.com\/en\/wp-json\/wp\/v2\/tags?post=327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}