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RATE Examples

The document discusses the RATE function in Excel which calculates the interest rate for a loan based on periodic payments. It provides an example of using the RATE function to calculate the monthly and annual interest rate on a loan with a principal of $10,000, monthly payments of $200 over 5 years. It also includes a link to a website with more information on the RATE function and promotes an online Excel course.

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mohammed a.malek
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17 views

RATE Examples

The document discusses the RATE function in Excel which calculates the interest rate for a loan based on periodic payments. It provides an example of using the RATE function to calculate the monthly and annual interest rate on a loan with a principal of $10,000, monthly payments of $200 over 5 years. It also includes a link to a website with more information on the RATE function and promotes an online Excel course.

Uploaded by

mohammed a.malek
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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RATE Function

automateexcel.com/functions/rate-formula-excel

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RATE (nper, pmt, pv, [fv], [type])
Monthly Rate of interest on loan RATE 0.62%
Annual Interest Rate Rate 0.62%*12 7.42%
Description Symbol Calculation Values
Total Number of Periods (n*m) nper 5*12 60
Monthly payment pmt $ (200.00)
Present Value of the loan pv $ 10,000.00
Annuity Future Value [fv] $ -
Annuity type [type] 0
Initial estimate of the interest rate [guess]

automateexcel.com/functions/rate-formula-excel

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Monthly Rate of interest on loan RATE 0.62%
Annual Interest Rate Rate 0.62%*12 7.42%

Description Symbol Calculation Values


Total Number of Periods (n*m) nper 5*12 60
Monthly payment pmt $ (200.00)
Present Value of the loan pv $ 10,000.00
Annuity Future Value [fv] $ -
Annuity type [type] 0
Initial estimate of the interest rate [guess]

automateexcel.com/functions/rate-formula-excel

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Monthly Rate of interest on loan RATE 2.58%
Annual Interest Rate Rate 2.58%*4 10.31%

Description Symbol Calculation Values


Total Number of Periods (n*m) nper 4*4 16
Monthly payment pmt $ (5,000.00)
Present Value of the loan pv $ -
Annuity Future Value [fv] $ 100,000.00
Annuity type [type] 1
Initial estimate of the interest rate [guess]

automateexcel.com/functions/rate-formula-excel

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