Rate¤
Excel RATE(NPER; PMT; PV; FV; type; guess): Returns the constant interest rate per period of an annuity. NPER is the total number of periods, during which payments are made (payment period). PMT is the constant payment (annuity) paid during each period. PV is the cash value in the sequence of payments. FV (optional) is the future value, which is reached at the end of the periodic payments. Type (optional) defines whether the payment is due at the beginning (1) or the end (0) of a period. Guess (optional) determines the estimated value of the interest with iterative calculation.
Parameter¤
Function name¤
The name of the Excel function
- Datatype:
string - Default Value:
RATE