RATE function - Zoho Sheet - Help Guide

RATE

Calculates the interest rate of an annuity with constant periodic payments and constant interest rate.

 

Syntax

 

RATE(nper; pmt; pv; [fv]; [type]; [guess])

nper: The total number of payment periods in the term. Eg., 12

pmt: The payment made per period. Eg., -200

pv: The current value of the annuity. Eg., -10000

fv: The cash balance you want to maintain at the end of term. Defaults to 0 if omitted. Eg., 1000

type: Determines when the payments are made. Defaults to 0 if omitted.

0 - at the end of each period
1 - at the start of each period

guess: A guess for what the interest will be. Defaults to 10% if omitted. Eg., 0.02

 

Examples  

 

Formula

Result

=RATE(A2;B2;C2;D2;E2;F2)

-0.237892447

=RATE(A3;B3;C3;D3;E3;F3)

-1.427110602

=RATE(A4;B4;C4;D4;E4;F4)

-0.040771


Get a hands-on experience of the function in the embedded range below. 



Possible Errors

 

Errors

Meaning

#N/A!

  • The function could not find the value it was asked to look for. Commonly occurs in VLOOKUP and similar functions.

#NAME!

  • The function name is incorrect or invalid.

  • The given defined name (if any) is invalid.

  • There is a typo in the defined name used in the function.

  • Double quotes are missing for text values in the function.

  • Colon missing in a cell range reference.

#VALUE!

  • The given argument's data type is incorrect or invalid.
    For example, the function =DATE(A1:A3) will return a #VALUE error when a text value is present in the range.

#REF!

  • The given cell reference is incorrect or invalid. This error may occur when a cell/range has been deleted, moved, or pasted over.

 

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