Nominal rate of return
This example shows how to calculate the nominal rate of return based on an effective annual percentage rate of 9.38% compounded monthly.
Return = nomrr(0.0938, 12)
Return = 0.0900
Rate— Effective annual percentage rate
Effective annual percentage rate, specified as a decimal.
NumPeriods— Number of compounding periods per year
Number of compounding periods per year, specified as a scalar numeric.
Return— Nominal rate of return
Nominal rate of return, returned as a numeric.