EFFECT() - Effective interest rate

Calculates the effective interest rate over a number of periods.

Returns

Double value if successful. If an error occurs, this function returns a zero.

Arguments

Type	Field	Description
double	dInt	Interest percentages
long	lPer	Number of periods

16-bit DLL declarations

PowerBuilder Function declaration

function double EFFECT(double dInt, long lPer) library "IFL16.DLL"

Visual Basic Function declaration

Declare Function EFFECT lib "IFL16" (ByVal dInt As Double, ByVal lPer As Long) As Double

C/C++ Synopsis

#include "function.h"

double EFFECT(double dInt, long lPer)

32-bit DLL declarations

PowerBuilder Function declaration

function double EFFECT(double dInt, long lPer) library "IFL32.DLL"

Visual Basic Function declaration

Declare Function EFFECT lib "IFL32" (ByVal dInt As Double, ByVal lPer As Long) As Double

C/C++ Synopsis

#include "function.h"

double EFFECT(double dInt, long lPer)

Example:

dInt	=	0.02	(2%)
lPer	=	4

Result: 0.0201504 (2.01504%)