FinInterestRate (Function)

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FinInterestRate (Function)

In french: FinTauxIntérêt

Calculates the interest rate for a loan over a specific period of time with fixed payments.

Note The interest rate obtained is assumed to be constant over the period.

Example

See additional examples

// Taux d'intérêt pour un emprunt de 25 000 Euros. Six versements
// de 5 000 Euros sont nécessaires au remboursement de l'emprunt.
ResTauxIntérêt = 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 determine if this function has generated errors, use FinError. To get more details on the error, use ErrorInfo with the errMessage constant.

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