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Rate# Function
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Rate# (nper#, pmt#, pv#, fv#, type%, guess#, status%)
■ nper# The number of payment periods in the annuity.
■ pmt# The payment to be made each period.
■ pv# The present value.
■ fv# The future value.
■ type% An integer expression: 0 = end-of-period payment;
1 = beginning-of-period payment.
■ guess# A value you guess is close to the result of Rate#.
■ status% A variable that returns a value indicating calculation
failure or success: 0 = success; 1 = failure.
Returns
The interest rate per period for an annuity.
See Also ◄FV#► ◄IPmt#► ◄NPer#► ◄PPmt#► ◄Pmt#► ◄PV#►