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er_per_cmpd

er_per_cmpd (routine)

Converts annual interest rate to effective annual interest rate (periodic compounding)

Introduced in release: 1.0
Component: Business Calculator
Purpose: This routine converts an annual interest rate to an effective interest rate with the specified periodic compounding.

Results: The function returns the calculated effective annual interest rate accurate to as many places as supported by a double precision value.

Error Conditions: Returned values should be ignored for a non-zero status. See Errors.

Last Mod Date: 03/01/1990© 2001 TIPS, Inc.Doc Version: 5.0