The rate function returns the periodic rate for an investment or loan TRUE or FALSE
Excel for Microsoft 365 Excel for Microsoft 365 for Mac Excel for the web Excel 2021 Excel 2021 for Mac Excel 2019 Excel 2019 for Mac Excel 2016 Excel 2016 for Mac Excel 2013 Excel 2010 Excel 2007 Excel for Mac 2011 Excel Starter 2010 More...Less Show This article describes the formula syntax and usage of the NPER function in Microsoft Excel. DescriptionReturns the number of periods for an investment based on periodic, constant payments and a constant interest rate. SyntaxNPER(rate,pmt,pv,[fv],[type]) For a more complete description of the arguments in NPER and for more information about annuity functions, see PV. The NPER function syntax has the following arguments:
ExampleCopy the example data in the following table, and paste it in cell A1 of a new Excel worksheet. For formulas to show results, select them, press F2, and then press Enter. If you need to, you can adjust the column widths to see all the data.
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Excel for Microsoft 365 Excel for Microsoft 365 for Mac Excel for the web Excel 2021 Excel 2021 for Mac Excel 2019 Excel 2019 for Mac Excel 2016 Excel 2016 for Mac Excel 2013 Excel 2010 Excel 2007 Excel for Mac 2011 Excel Starter 2010 More...Less This article describes the formula syntax and usage of the IPMT function in Microsoft Excel. DescriptionReturns the interest payment for a given period for an investment based on periodic, constant payments and a constant interest rate. SyntaxIPMT(rate, per, nper, pv, [fv], [type]) The IPMT function syntax has the following arguments:
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ExampleCopy the example data in the following table, and paste it in cell A1 of a new Excel worksheet. For formulas to show results, select them, press F2, and then press Enter. If you need to, you can adjust the column widths to see all the data.
Need more help?What is periodic rate of return?The periodic rate equals the annual interest rate divided by the number of periods. For example, the interest on a home loan is usually calculated monthly, so if the annual interest rate is 4 percent, then you divide that by 12 and get 0.33 percent. That's your interest every month.
What is the function of rate of interest?The RATE Function[1] is an Excel Financial function that is used to calculate the interest rate charged on a loan or the rate of return needed to reach a specified amount on an investment over a given period. For a financial analyst, the RATE function can be useful to calculate the interest rate on zero coupon bonds.
What is the periodic interest rate?A daily periodic interest rate generally is used to calculate interest by multiplying the rate by the amount owed at the end of each day. This interest amount is then added to the previous day's balance, which means that interest is compounding on a daily basis.
What is the true rate of interest called?The real interest rate is the rate of interest an investor, saver or lender receives (or expects to receive) after allowing for inflation. It can be described more formally by the Fisher equation, which states that the real interest rate is approximately the nominal interest rate minus the inflation rate.
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