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Excel RATE Function Workbook Guide

The document is a sample workbook that demonstrates how to use the RATE function in Excel to calculate monthly and annual interest rates for loans and savings accounts. It provides examples of using the RATE function to calculate basic interest rates, monthly interest rates, annual interest rates, interest rates on savings accounts, compound annual growth rates on investments, and interest rates for payment calculators. The workbook contains tables with descriptions of the RATE function arguments, values for the arguments, and the results of the calculations.

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Berkay
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89 views9 pages

Excel RATE Function Workbook Guide

The document is a sample workbook that demonstrates how to use the RATE function in Excel to calculate monthly and annual interest rates for loans and savings accounts. It provides examples of using the RATE function to calculate basic interest rates, monthly interest rates, annual interest rates, interest rates on savings accounts, compound annual growth rates on investments, and interest rates for payment calculators. The workbook contains tables with descriptions of the RATE function arguments, values for the arguments, and the results of the calculations.

Uploaded by

Berkay
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Sample Workbook to Excel RATE Function

The workbook shows how to use RATE function in Excel to find monthly and annual rate on a loan or saving account.

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Tutorial URL

Examples:

• Basic Excel RATE formula


• Calculate monthly interest rate
• Calculate annual interest rate
• Find interest rate on saving account
• Find CAGR on investment
• Interest rate payment calculator
mple Workbook to Excel RATE Function
rkbook shows how to use RATE function in Excel to find monthly and annual rate on a loan or saving account.

Ablebits.com
16-Nov-20
Excel RATE function: formula examples to calculate interest rate

cel RATE formula


e monthly interest rate
e annual interest rate
erest rate on saving account
GR on investment
rate payment calculator
Description Argument Value
No. of periods (years) nper 3
Yearly payment pmt $3,800
Loan amount pv $10,000

Annual interest rate 6.85%


Description Argument Value
Years of the loan nper 0.8
Monthly payment pmt -$750
Loan amount pv $6,300

Monthly interest rate 2.60%


Description Argument Value
No. of periods (months) nper 10
Monthly payment pmt -$860
Loan amount pv $6,900
Compounding periods per year 12

Monthly interest rate 4.22%

Annual interest rate 50.63%


Description Argument Value
Years nper 5
Monthly payment pmt -$1,500
Future value of investment fv $100,000

Monthly interest rate 0.35%

Annual interest rate 4.22%


Description Argument Value
Years nper 5
Investment pv -$100,000
Future value fv $200,000

CAGR 14.87%
Description Argument Value
No. of periods nper 60
Payment amount pmt -$1,500
Annuity present value pv $0
Annuity future value fv $100,000
Annuity type type 1
Estimated interest rate guess 6.00%
Compounding periods per year 12

Periodic interest rate 0.34%

Annual interest rate 4.08%

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