RATE function
Returns the interest rate per period of an annuity
Syntax
RATE(nper, pmt, pv, [fv], [type], [guess])Square brackets indicate optional arguments.
Arguments
| Argument | Required | Meaning |
|---|---|---|
| nper | Yes | The total number of payment periods in an annuity.4*12 |
| pmt | Yes | The payment made each period; it cannot change over the life of the annuity.-200 |
| pv | Yes | The present value, or the lump-sum amount that a series of future payments is worth right now.8000 |
| fv | No | The future value, or a cash balance you want to attain after the last payment is made.0 |
| type | No | The number 0 or 1 and indicates when payments are due.0 |
| guess | No | Your guess for what the rate will be.0.1 |
Try RATE
Find a constant rate from two values
=RATE(2,0,-1000,1210)Find a constant rate from two values. The result is checked against a separately authored expected value for the supplied table. You can edit the data to explore the rule.
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RATE · top-level call
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Reference and compatibility
Univer 1.0.4 / Apache-2.0. Calculation checks cover the supplied examples only. The browser worksheet does not implement every Excel feature, external service or connected data type.