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.

Remark: 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 function does not return an 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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