RATE

RATE rate of investment

Synopsis

RATE(nper,pmt,pv,fv,type,guess)

Arguments

nper: number of periods

pmt: payment at each period

pv: present value

fv: future value

type: payment type

guess: an estimate of what the result should be

Description

RATE calculates the rate of return.

Note

If type is 0, the default, payment is at the end of each period. If type is 1, payment is at the beginning of each period. The optional guess is needed because there can be more than one valid result. It defaults to 10%.

See also

PV, FV.