Excel Finance MCP

effective_annual_rate

Calculate the effective annual interest rate from a nominal rate and compounding frequency to accurately compare investment returns or loan costs.

Instructions

Calculate effective annual rate from nominal rate

Input Schema

Name	Required	Description	Default
`compoundingPeriods`	Yes	Number of compounding periods per year
`nominalRate`	Yes	Nominal annual rate as decimal

Input Schema (JSON Schema)

{
  "properties": {
    "compoundingPeriods": {
      "description": "Number of compounding periods per year",
      "type": "number"
    },
    "nominalRate": {
      "description": "Nominal annual rate as decimal",
      "type": "number"
    }
  },
  "required": [
    "nominalRate",
    "compoundingPeriods"
  ],
  "type": "object"
}

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