Function effectiveAnnualRate

effectiveAnnualRate(nominalRate: number, compoundingPeriods: number): number
Calculates the Effective Annual Rate (EAR) from a nominal interest rate.
Parameters
- nominalRate: number
  The nominal interest rate per year (e.g., 0.12 for 12%).
- compoundingPeriods: number
  The number of compounding periods per year (e.g., 12 for monthly).
Returns number
The effective annual rate as a decimal.
- Defined in effectiveAnnualRate/effectiveAnnualRate.ts:8