Function nominalInterestRate

nominalInterestRate(effectiveRate: number, compoundingPeriods: number): number
Calculates the Nominal Annual Interest Rate from the Effective Annual Rate (EAR) and number of compounding periods per year.
Parameters
- effectiveRate: number
  The effective annual interest rate (e.g., 0.1268 for 12.68%).
- compoundingPeriods: number
  The number of compounding periods per year (e.g., 12 for monthly).
Returns number
The nominal annual interest rate as a decimal.
- Defined in nominalInterestRate/nominalInterestRate.ts:9