The EFFECT() function calculates the effective yield for a nominal interest rate (annual rate or APR). For example: 8% interest compounded monthly provides an effective yield of EFFECT(.08; 12) or 8.3%.
EFFECT () funtzioak interes- tasa nominal baten produktibitate efektiboa kalkulatzen du. Adibidez: hilero konposatutako% 8- ko interesak, honako produktibitate efektiboa sortzen du: EFFECT( 0, 08; 12) =% 8. 3.