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How to Use RATE() in Google Sheets

Description

Calculates the interest rate of an annuity investment based on constant-amount periodic payments and the assumption of a constant interest rate.

How To Actually Use RATE() in Sheets

RATE(number_of_periods, payment_per_period, present_value, [future_value], [end_or_beginning], [rate_guess])

Try RATE yourself

In cells A1:A5, enter the number of periods, payment per period, present value, future value, and whether payments are at the beginning or end. Use the RATE function in cell B1 to calculate the interest rate based on these values.

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