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4D v19
RATE
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RATE ( n , m , p {, f} ) | ||||||||
Parameter | Type | Description | ||||||
n | Number |
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The number of periods | |||||
m | Number |
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The monthly payment paid at the end of the period (use a negative number). For future value: pass an empty parameter (see example) |
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p | Number |
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The current value of the loan | |||||
f | Number |
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The future value (use a negative number) | |||||
The RATE function returns the interest rate corresponding to the values passed in parameters. Two formulas can be used:
You borrowed 3,000 euros and your monthly payments are 1,000 euros over 5 months:
RATE(5,-1000,3000) //0.19
You borrowed 2,800 euros and the total paid value is 6,000 euros over 5 months:
RATE(5,,2800,-6000) //0.16
Product: 4D
Theme: 4D View Pro Formulas
4D View Pro Reference ( 4D v19)