Converts annual interest rate to an effective rate for time value of money problems
Introduced in release: 1.0 Component: Business Calculator Purpose:
This function converts a nominal annual interest rate to an effective periodic interest rate based on the given number of compounding periods per year and the given number of payment periods per year. (This routine is used by the other time value of money routines in performing their calculations.)
Results:
The function returns the calculated effective 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.
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