wGrq5‖Rate Function [VBA]

Contents
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# jLrMj‖Rate Function [VBA]

wd5A3‖Returns the interest rate of a loan or an investment.

R9TFi‖This constant, function or object is enabled with the statement Option VBASupport 1 placed before the executable program code in a module.

### FVEx2‖Syntax:

    Rate( NPer as Double, Pmt as Double, PV as Double [FV as Variant], [Due as Variant], [Guess as Variant] )

### bBBqF‖Return type:

Double

### WADQ4‖Parameters:

dGUHn‖NPer is the total number of periods, during which annuity is paid.

MPYBY‖Pmt is the regular payment made per period.

CHVqQ‖PV is the present value of the loan / investment.

Td38J‖FV (optional) is the future value of the loan / investment.

bGV6U‖Due (optional) defines whether the payment is due at the beginning or the end of a period.

MmFDv‖0 - the payment is due at the end of the period;

U7fmD‖1 - the payment is due at the beginning of the period.

tqLE3‖Guess(optional) determines the estimated value of the interest with iterative calculation.

### SEjHR‖Error codes:

5 Invalid procedure call

### EFSA4‖Example:

    REM ***** BASIC *****
    Option VBASupport 1
    Sub ExampleRate
    FCE3H‖' Calculate the interest rate required to pay off a loan of $100,000 over
    X5UsC‖' 6 years, with payments of $1,500, due at the end of each month.
     Dim mRate As Double
     mRate = Rate( 72, -1500, 100000 )
    DiAtS‖ print mRate' mRate is calculated to be 0.00213778025343334
    End sub

Related Topics

WG4VC‖RATE function in CALC

VBA financial functions

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