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effrr    Examples   See Also

Effective rate of return.

Syntax

Arguments

apr
Annual percentage rate. Enter as a decimal fraction.
per
Number of compounding periods per year, an integer.

Description

r = effrr(apr, per) calculates the annual effective rate of return. Compounding continuously returns r equivalent to (e^apr-1).

Example

Find the effective annual rate of return based on an annual percentage rate of 9% compounded monthly.

returns

See Also

nomrr


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