The Excel Nominal function returns the nominal interest rate for a given effective interest rate and number of compounding periods per year. The syntax of the  Guide to Nominal Interest Rate formula. Here we will learn how to calculate Nominal Interest Rate with examples, Calculator and downloadable excel template. In finance and economics, the nominal interest rate or nominal rate of interest is either of two distinct things: the rate of interest before adjustment for inflation ); or  

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In the following spreadsheet, the Excel Rate function is used to calculate the interest rate, with fixed payments of $1,000 per month, to pay off in full, a loan of 

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