RRI

RRI equivalent interest rate for an investment increasing in value

Synopsis

RRI(p,pv,fv)

Arguments

p: number of periods

pv: present value

fv: future value

Description

RRI determines an equivalent interest rate for an investment that increases in value. The interest is compounded after each complete period.

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. Note that p need not be an integer but for fractional value the calculated rate is only approximate.

OpenDocument Format (ODF) Compatibility

This function is OpenFormula compatible.

See also

PV, FV, RATE.