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EFFECT

Financial

Effective annual rate from a nominal rate.

Syntax

EFFECT(nominal_rate, npery)

Full notes for EFFECT are still being written. Use the AI explainer below for the arguments, a worked example and common mistakes.

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Syntax follows Microsoft’s documentation. Examples are written to be pasted into a cell and checked. Argument separators may be ; in your locale. The AI explainer runs on a free community model — verify anything important.