Description:
The function equals the Excel RATE function.
Syntax:
Frate(nper,pmt,pv,fv,guess)
Note:
The function calculates the interest rate required to pay an investment, including both the reimbursement rate of the constant periodic payment and the rate of return of the one-off payment.
Parameters:
|
nper |
The number of periods over which the investment or loan is to be paid |
|
pmt |
The payment amount per period, including the principal and the interest |
|
pv |
The present value of the loan /investment, known as the principal. That is the money that already exist when the payment for an investment (or a loan) begins, or the total amount of present values of a series of future payments |
|
fv |
The future value of the loan/investment, or the cash balance you hope to achieve after the final payment. If omitted, it will take on the default value of zero |
|
guess |
An estimated interest rate. If omitted, it will take on the assumed value of 10%. Both guess and nper must use the same unit. |
Options:
|
@t |
Indicating the payment type, it corresponds to Excel type parameter. If using the option, choose type 1; if not, choose type 0. |
Example:
|
Frate(12*6, -2200, 100000) |
0.013798002390137705 |