what is the mathematical formula of RATE(nper,pmt,pv,fv,type,guess);
i have the pmt, the number of payments, and the present value i need to
calculate the rate on paper
what is the mathematical formula of RATE(nper,pmt,pv,fv,type,guess);
i have the pmt, the number of payments, and the present value i need to
calculate the rate on paper
use the function RATE to calculate interest rate for constant payment loan
it is detailed in help, PV worksheet function
Hi Robert
Have a look at this web page for additional info
http://techonthenet.com/excel//formulas/rate.php
hello robert111,
thanks for the information it was helpfull, but i need to calculate the rate
in this formula:
pmt= pv * i / 1 - (1/(1+i)^n)
where i=rate, n=period, pmt=annuity, pv=present value
i=?
"robert111" wrote:
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>
>
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i = (PMT*(1-(1+i)^n))/pv
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