RATE is calculated by iteration and can have zero or more solutions. If the successive results of RATE do not converge to within 0.0000001 after 20 iterations, RATE returns the #NUM! error value.

What is the RATE Function? The RATE Function [1] is an Excel Financial function that is used to calculate the interest rate charged on a loan or the rate of return needed to reach a specified amount …

In mathematics — specifically, in large deviations theory — a rate function is a function used to quantify the probabilities of rare events. Such functions are used to formulate large deviation principles.

Jun 6, 2024 · You can use RATE to calculate the periodic interest rate, then multiply as required to derive an annual interest rate. The RATE function is commonly multiplied by 12 to arrive at an annual …

Aug 29, 2024 · Let us now see through multiple examples how to use the RATE function of Excel to calculate the interest rate/rate of return in Excel. If you are making periodic payments, there can be …

What Is RATE Function In Excel? The RATE Function in Excel calculates the rate of interest for paying the specified amount of a loan over a time period. The input provided to this formula is in integers, …

Apr 4, 2025 · You'll learn the syntax, practical applications, and advanced techniques. The RATE function returns the interest rate per period for a loan or investment. It uses iterative calculation to …

Jun 9, 2025 · What is the Excel RATE Function? The RATE function in Excel determines the interest rate per period of an annuity by using an iterative process. It’s particularly useful when you know the …

This article describes the formula syntax and usage of the RATE function in Microsoft Excel.

In the following spreadsheet, the Excel Rate function is used to calculate the interest rate, with fixed payments of $1,000 per month, to pay off in full, a loan of $50,000 over a period of 5 years. The …