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

Returns the interest rate for a series of equal cash flows at regular intervals (Double).


nperThe total number of payment periods in the annuity (Double).
pmtThe payment to be made each period (Double).
pvThe present value of a series of future payments or receipts (Double).
fv(Optional) The future value you want after you make the final payment (Double).
type(Optional) True or False specifying when payments are due (Boolean).
guess(Optional) The value you estimate will be returned by this function (Variant).

REMARKS
* An annuity is a series of fixed cash payments made over a period of time.
* An annuity can be a loan (such as a home mortgage) or an investment (such as a monthly savings plan).
* For example, if you make monthly payments on a four-year car loan, your loan has a total of 4 * 12 (or 48) payment periods.
* Payments usually contain principal and interest that doesn't change over the life of the annuity
* If "fv" is left blank, then 0 is used.
* If "type" = True, then payments are due at the beginning of the period
* If "type" = False, then payments are due at the end of the payment period
* If "type" is left blank, then False is used
* If "guess" is left blank, then 0.1 (10 percent) is used.
* For all arguments, cash paid out (such as deposits to savings) is represented by negative numbers; cash received (such as dividend checks) is represented by positive numbers.
* Rate is calculated by iteration. Starting with the value of guess, Rate cycles through the calculation until the result is accurate to within 0.00001 percent. If Rate can't find a result after 20 tries, it fails. If your guess is 10 percent and Rate fails, try a different value for guess.
* For example, when you borrow money to buy a car, the loan amount is the present value to the lender of the monthly car payments you will make
* For example, the future value of a loan is $0 because that's its value after the final payment. However, if you want to save $50,000 over 18 years for your child's education, then $50,000 is the future value.
* The equivalent Excel function is Application.WorksheetFunction.RATE
* The equivalent .NET function is Microsoft.VisualBasic.Financial.Rate
* For the Microsoft documentation refer to docs.microsoft.com

Rate(24,2000,12000) = 

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