X-Hacker.org- Tom Rettigs Library - effyield(<n rate>, <n compounded>)

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 EFFYIELD(<N rate>, <N compounded>)
 Computes the effective rate of interest of a loan.
 Returns <expN> effective yield (effective rate of interest).

 <rate> is the nominal annual rate of interest.
 <compounded> is the number of times interest is compounded annually.

 * Calculate effective yield of a 7.55% account compounded monthly.
 m_yield = EFFYIELD( .0755, 12 )

 * m_yield contains .0782


             Placed in the Public Domain by Tom Rettig Assoc.

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