RATE Function

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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]

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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]

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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]

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