RRI

Returns the interest rate required for an investment to reach a value in a given period.

Syntax

RRI(nper; pv; fv)

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

pv: The value at the start of the term. Eg., 10000

fv: The value at the end of the term. Eg., 4500

Remark

If the value of fv is 0, the result given is -1 (-100%).

Examples

Formula	Result
=RRI(A2;B2;C2)	-0.064376669
=RRI(A3;B3;C3)	-0.474694439
=RRI(A4;B4;C4)	0.148698355

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.
#UNKNOWN_ERROR	The value of pv or fv is less than 0.

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