Video duration: 2:36
In this video, you will learn how to determine the interest rate of a loan based on the amount of the loan, the number of payment periods, and the amount of the payments.
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6 thoughts on “Excel 2010 Rate Function”
BHAVIK PATEL
(July 8, 2018 - 10:34 pm)Thank you I was stuck with the calculation it helps
Its Reflect
(July 8, 2018 - 10:34 pm)ad whore jk
Its Reflect
(July 8, 2018 - 10:34 pm)ultraboost 3.0 cny pls
anjel gunu
(July 8, 2018 - 10:34 pm)i find out solution of my problem in excel function so thanks lot of you
Robert Sigurdarson
(July 8, 2018 - 10:34 pm)Thanks a lot you sure know how to work them Excel functions
Daniel Banz
(July 8, 2018 - 10:34 pm)To convert the monthly periodic rate to an annual rate, aren't we supposed to use the EAR formula?
EAR = (1 + 0.005)^12 – 1
= 6.17%
Seems strange that we would just multiply the result by 12, but maybe that's just how it's done on Excel.