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1. support.microsoft.com › en-us › officeRATE function - Microsoft Support

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   This article describes the formula syntax and usage of the RATE function in Microsoft Excel. Description. Returns the interest rate per period of an annuity. RATE is calculated by iteration and can have zero or more solutions. If the successive results of RATE do not converge to within 0.0000001 after 20 iterations, RATE returns the #NUM! error ...

2. www.wallstreetprep.com › knowledge › rate-functionRATE Function in Excel | Formula + Calculator - Wall Street Prep

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   Jan 29, 2024 · Excel RATE Function Formula. The formula for using the RATE function in Excel is as follows. =RATE (nper,pmt,pv, [fv], [type], [guess]) The brackets in the latter three inputs of the equation denote that those are optional inputs and can be left blank (i.e. omitted).

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3. www.myexcelonline.com › blog › excel-rate-functionHow to Use Excel Rate Function for Interest Calculations

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   May 15, 2024 · The RATE function formula you’d use in Excel looks like this: =RATE(Nper, Pmt, Pv)*12 or “=RATE(60, -350, 20000)*12” or “=RATE(B2,C2,D2)*12” Multiplying by 12 gives you the annual interest rate.

4. www.ablebits.com › office-addins-blog › excel-rateUsing RATE function in Excel to calculate interest rate

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   May 3, 2023 · RATE is an Excel financial function that finds an interest rate per a given period of an annuity. The function calculates by iteration and can have no or more than one solution. The function is available in all versions Excel 365 - 2007. The syntax is as follows: RATE (nper, pmt, pv, [fv], [type], [guess]) Where:

   • Author: Svetlana Cheusheva

5. corporatefinanceinstitute.com › rate-functionRATE Function - Formula, Examples, How to Use RATE Function

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   =RATE (nper, pmt, pv, [fv], [type], [guess]) The RATE function uses the following arguments: Nper (required argument) – The total number of periods (months, quarters, years, etc.) over which the loan or investment is to be paid. Pmt (required argument) – This is the payment for each period. This number must be unchanged over the life of the loan.

6. exceljet.net › functions › rate-functionExcel RATE function | Exceljet

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   The Excel RATE function is a financial function that returns the interest rate per period of an annuity. You can use RATE to calculate the periodic interest rate, then multiply as required to derive the annual interest rate. The RATE function calculates by iteration.

7. People also ask

   What is the rate function in Excel?

   • What is the RATE Function? The RATE Function 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.

   RATE Function - Formula, Examples, How to Use RATE Function

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   How to calculate annual interest rate in Excel?

   • To get annual interest rate, we multiply the monthly rate by 12. So, the formula in C8 is: The RATE function in Excel can also be used for calculating the compound annual growth rate (CAGR) on an investment over a given period of time. Supposing you want to invest $100,000 for 5 years and receive $200,000 in the end.

   Using RATE function in Excel to calculate interest rate - Ablebits

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   How to calculate compound annual growth rate in Excel?

   • The RATE function in Excel can also be used for calculating the compound annual growth rate (CAGR) on an investment over a given period of time. Supposing you want to invest $100,000 for 5 years and receive $200,000 in the end. How will your investment grow in terms of CAGR?

   Using RATE function in Excel to calculate interest rate - Ablebits

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8. www.excelmojo.com › rate-function-in-excelRATE Function In Excel - Formula, Examples, How to Use?

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   First, select cell B5, enter the formula =RATE (B4,B3,-B2)*12, and press the “ Enter ” key. The output is ‘ 17.27% ’, as shown above. We can see here that the input values are integers, and the formula returns a percentage output. Table of contents. What Is RATE Function In Excel? RATE () Excel Formula. How To Use RATE Excel Function? Examples.