<\/p>\n
Syntax<\/h3>\n
RATE(number_of_periods, payment_per_period, present_value, [future_value, end_or_beginning, rate_guess])<\/strong><\/p>\n <\/p>\n <\/p>\n <\/p>\n [\/et_pb_text][et_pb_text admin_label=”Connections T – One tool – Horizontal” module_class=”sheetgo-post-no-shadow-img md2-contained-button vertical-banner-container” _builder_version=”4.27.2″ _module_preset=”default” background_color=”#f2f7ff” max_width=”700px” module_alignment=”center” max_height=”300px” custom_margin=”20px|0px|20px|0px|true|true” custom_padding=”25px|25px|25px|25px|true|true” sticky_limit_bottom=”section” border_radii=”on|20px|20px|20px|20px” border_width_all=”1px” border_color_all=”#d9e7ff” global_colors_info=”{}” global_module=”50458″ theme_builder_area=”post_content”] One tool to merge, split, and filter all your spreadsheet data<\/span><\/p>\n Find out how<\/a>[\/et_pb_text][et_pb_text _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n Now that we learned the syntax of the formula and it is time to practically apply our knowledge. Because examples help us assimilate the concepts better. Please consider the snapshot below.<\/p>\n [\/et_pb_text][et_pb_image src=”https:\/\/static.sheetgo.com\/wp-content\/uploads\/2018\/05\/RATE-formula-Illustration-Frame-1.png” alt=”RATE Formula in Google Sheets” title_text=”rate-formula-google-sheets” _builder_version=”4.16″ width=”640px” max_width=”640px” height=”440px” max_height=”440px” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_image][et_pb_text _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n By making use of the first formula, we calculated the interest rate with the first three parameters only while ignoring the last three. The goal is to reach a lump sum of 10000 by paying up 500 per period.\u00a0Therefore the output is the interest percentage\u00a0that the investor has to pay for 48 periods.<\/p>\n With the second formula, we calculated the interest rate towards a targeted amount. Which is equivalent to 10000 in present value plus 2000 in future value after 48 periods.<\/p>\n Finally, the last example is almost the same as the second example. Except, we used cell references instead of numeric values. Additionally, we have supplied the optional\u00a0<\/span>end_or_beginning\u00a0<\/span><\/strong>and\u00a0rate_guess<\/strong>\u00a0<\/span>parameters with their corresponding values.<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n And there you go! Use the RATE formula in Google Sheets to calculate the underlying interest rate.<\/p>\n If you\u2019d like to learn more about the various formulas of Google Sheets, why not take a look at our blog posts on the FV formula in Google Sheets <\/a>or the NOMINAL formula in Google Sheets.<\/a><\/p>\n Alternatively, check out related blog posts below!<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text admin_label=”Connections T – Automate between spreadsheets – Horizontal” module_class=”sheetgo-post-no-shadow-img md2-contained-button-light vertical-banner-container” _builder_version=”4.27.2″ _module_preset=”default” background_color=”#f2f7ff” max_width=”700px” module_alignment=”center” max_height=”300px” custom_margin=”20px|0px|20px|0px|true|true” custom_padding=”25px|25px|25px|25px|true|true” sticky_limit_bottom=”section” border_radii=”on|20px|20px|20px|20px” border_width_all=”1px” border_color_all=”#d9e7ff” global_module=”50460″ saved_tabs=”all” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n Automate data transfers between spreadsheets Find out how<\/a><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Let\u2019s assume that we have a number of periodic constant-value payments to make against an investment.\u00a0So naturally, we would be interested to know the underlying interest rate. How do we calculate it easily? Is there any ready-made tool available to help us with that? Yes, the\u00a0RATE\u00a0formula in Google Sheets is ported for this exact purpose. […]<\/p>\n","protected":false},"author":40,"featured_media":8426,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"Let's assume that we have a number of periodic constant-value payments to make against an investment.\u00a0So naturally, we would be interested to know the underlying interest rate. How do we calculate it easily? Is there any ready-made tool available to help us with that? Yes, the RATE<\/a> formula in Google Sheets is ported for this exact purpose.\n\n
![\"\"](\"https:\/\/static.sheetgo.com\/wp-content\/uploads\/2024\/09\/connections-top-processors-main.webp\")
<\/p>\n![\"39\"](\"https:\/\/static.sheetgo.com\/wp-content\/uploads\/2024\/09\/Recommended-for-Google-Workspace-badge.webp\"){kind=icon}
<\/p>\nUsage: RATE formula in Google Sheets<\/h3>\n
RATE formula<\/h3>\n
![\"\"](\"https:\/\/static.sheetgo.com\/wp-content\/uploads\/2024\/09\/run-automatically-connect-sheet-icons.webp\"){kind=icon}
<\/p>\n<\/p>\n
<\/span><\/p>\nSyntax<\/h3>\nRATE(number_of_periods, payment_per_period, present_value, [future_value, end_or_beginning, rate_guess])<\/strong>\n
\n \t
Usage: RATE formula in Google Sheets<\/h3>\nNow that we learned the syntax of the formula and it is time to practically apply our knowledge. Because examples help us assimilate the concepts better. Please consider the snapshot below.\n\n
![\"RATE](\"https:\/\/static.sheetgo.com\/wp-content\/uploads\/2018\/05\/RATE-formula-Illustration-Frame-1.png\")
\n\nBy making use of the first formula, we calculated the interest rate with the first three parameters only while ignoring the last three. The goal is to reach a lump sum of 10000 by paying up 500 per period.\u00a0Therefore the output is the interest percentage\u00a0that the investor has to pay for 48 periods.\n\nWith the second formula, we calculated the interest rate towards a targeted amount. Which is equivalent to 10000 in present value plus 2000 in future value after 48 periods.\n\nFinally, the last example is almost the same as the second example. Except, we used cell references instead of numeric values. Additionally, we have supplied the optional end_or_beginning <\/strong>and\u00a0rate_guess<\/strong> parameters with their corresponding values.","_et_gb_content_width":"","footnotes":""},"categories":[54],"tags":[39,28],"class_list":["post-8425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-google-sheets-formulas","tag-connections-t","tag-spreadsheets"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.sheetgo.com\/es\/wp-json\/wp\/v2\/posts\/8425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sheetgo.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sheetgo.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sheetgo.com\/es\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sheetgo.com\/es\/wp-json\/wp\/v2\/comments?post=8425"}],"version-history":[{"count":0,"href":"https:\/\/www.sheetgo.com\/es\/wp-json\/wp\/v2\/posts\/8425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sheetgo.com\/es\/wp-json\/wp\/v2\/media\/8426"}],"wp:attachment":[{"href":"https:\/\/www.sheetgo.com\/es\/wp-json\/wp\/v2\/media?parent=8425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sheetgo.com\/es\/wp-json\/wp\/v2\/categories?post=8425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sheetgo.com\/es\/wp-json\/wp\/v2\/tags?post=8425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}