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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 determine if this function has generated errors, use FinError. To get more details on the error, use ErrorInfo with the errMessage constant.
Component: wd300mat.dll
Minimum version required
  • Version 9
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Last update: 05/26/2022

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