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Rate Function Excel

Rate Function Excel - The rate function is calculated by iteration and can. Perfect for beginners looking to calculate interest rates with ease! 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. The rate function is commonly multiplied by 12 to arrive at. Rate is calculated by iteration and can have zero or more solutions. The rate function is used to calculate the periodic interest rate, then multiple as required to get the annual interest rate. 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 on an investment. Financial decisions are an important element of business strategy. You can use rate to calculate the periodic interest rate, then multiply as required to derive an annual interest rate. In this article, we will learn how to use the rate function in excel.

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