Scribd
Upload
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
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 7

RATE Function

automateexcel.com/functions/rate-formula-excel

Table of Contents
Sheet1
Sheet2
Sheet3

Excel Boot Camp


Learn Excel Inside Excel

Learn Excel inside Excel with our Interactive Tutorial


Automatically Graded Exercises
Shortcuts & Best Practices "Work Smarter, not Harder"

Learn More
Learn More

Course Contents

Learn More
Other Resources
Excel Formulas w/Examples
Excel Boot Camp - Learn Excel inside Excel
Excel Functions & Formulas Tutorial

Learn More
Learn More

Learn More
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

Excel Boot Camp - Learn Excel Inside Excel Learn More


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

Excel Boot Camp Learn


- LearnMore
Excel Inside Excel
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

Excel Boot Camp Learn


- LearnMore
Excel Inside Excel

You might also like