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Formula Functions
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Financial Functions
- ACCRINT
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- DURATION
- EFFECT
- FV
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- INTRATE
- IPMT
- IRR
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- MDURATION
- MIRR
- NOMINAL
- NPER
- NPV
- ODDFPRICE
- ODDFYIELD
- ODDLPRICE
- ODDLYIELD
- PDURATION
- PMT
- PPMT
- PRICE
- PRICEDISC
- PRICEMAT
- PV
-
RATE
- RECEIVED
- RRI
- SLN
- SYD
- TBILLEQ
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- TBILLYIELD
- VDB
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RATE
This function returns the interest rate per period of an annuity.
Syntax
RATE(nper, pmt, pval, fval, type,guess)
Arguments
This function has these arguments:
Argument | Description |
|---|---|
nper | Total number of payment periods in an annuity |
pmt | Value representing the payment made each period |
pval | Present value, worth now |
fval | Future value, cash value after the last payment |
type | [Optional] Indicates when payments are due; at the end (0) or beginning (1) of the period; if omitted, the calculation uses the end (0) |
guess | Guess for what the rate will be (optional) |
Remarks
Guess is assumed to be 10% if omitted.
Data Types
Accepts numeric data for all arguments. Returns numeric data.
Examples
RATE(A1,B2,C3,C4,1)
RATE(360, -600, 80000) gives the result 0.686%