Rate Function [VBA]
Returns the Present Value of an investment resulting from a series of regular payments.
Rate( NPer as Double, Pmt as Double, PV as Double [FV as Variant], [Due as Variant], [Guess as Variant] )
NPer is the total number of periods, during which annuity is paid.
Pmt is the regular payment made per period.
PV is the present value of the loan / investment.
FV (optional) is the future value of the loan / investment.
Due (optional) defines whether the payment is due at the beginning or the end of a period.
0 - the payment is due at the end of the period;
1 - the payment is due at the beginning of the period.
Guess(optional) determines the estimated value of the interest with iterative calculation.
REM ***** BASIC *****
Option VBASupport 1
' Calculate the interest rate required to pay off a loan of $100,000 over
' 6 years, with payments of $1,500, due at the end of each month.
Dim mRate As Double
mRate = Rate( 72, -1500, 100000 )
print mRate' mRate is calculated to be 0.00213778025343334