# Manuals/calci/RATE

RATE (NumberOfPayments,Payment,PV,FutureValue,Type,Guess)

• where, represents total number of payment periods
• represents the payment made for each period
• represents the remaining value of payment to be done
• represents the balance value to attain after last payment is made
• represents the payments due
• is the guess value for what rate will be
• RATE() returns the interest rate per period of an annuity.

## Description

RATE (NumberOfPayments,Payment,PV,FutureValue,Type,Guess)

• RATE is calculated by iteration and can have zero or more solutions.
• includes principal value and the interest amount. If omitted, is required.
• , and are optional.
• If is omitted, Calci assumes it to be zero(0).
• can be represented as '1' or '0'.
Type Payments Due
0 or omitted At the end of the period
1 At the beginning of the period
• If is omitted, Calci assumes it to be 10%.

## Examples

Consider the following example that shows the use of RATE function:

 2 8 -50 -100 2000 50000 0 0 1 0 12%
```=RATE(A1*12,A2,A3,A4,A5,A6) displays monthly rate of loan -4.01% as a result.
=RATE(B1*12,B2,B3,B4,B5) displays monthly rate of loan -2.77% as a result.
=RATE(B1*12,B2,B3,B4,B5)*12 displays annual rate of loan -0.33263515005213806 as a result.
```

RATE