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Stored procedures
Calculates the interest rate for a loan over a specific period of time with fixed payments.
Remark: The interest rate is assumed to be fixed over the period.
Example
// Interest rate for a loan of 25000 Euros. Six payments
// of 5000 Euros are required to pay off the loan.
ResInterestRate = FinInterestRate(6, -5000, 25000)
Syntax
<Result> = FinInterestRate(<Number of Necessary Payments> [, <Payment Value> [, <Capital>]])
<Result>: Real or currency
Interest rate sought.
<Number of Necessary Payments>: Real or currency
Total number of payments that must be done.
<Payment Value>: Optional real
Value of payment (0 by default). This value must be negative.
<Capital>: Optional real or currency
Amount of loan (1 by default).
Remarks
Caution: FinInterestRate returns no error code. To find out whether errors have been generated by this function, use FinError. The wording of the error can be known using the function ErrorInfo with the constant errMessage.
Component : wd260mat.dll
See also
Minimum version required
  • Version 9
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