Comments on: How to Use the RATE Function in Excel http://allfinancialmatters.com/2009/11/03/how-to-use-the-rate-function-in-excel/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Sat, 11 Feb 2012 20:32:19 +0000 hourly 1 http://wordpress.org/?v= By: Brian http://allfinancialmatters.com/2009/11/03/how-to-use-the-rate-function-in-excel/comment-page-1/#comment-446775 Brian Mon, 01 Nov 2010 15:48:49 +0000 http://allfinancialmatters.com/?p=4195#comment-446775 What's the actual math formula for the RATE function? What’s the actual math formula for the RATE function?

]]> By: gilbert http://allfinancialmatters.com/2009/11/03/how-to-use-the-rate-function-in-excel/comment-page-1/#comment-444153 gilbert Fri, 25 Jun 2010 02:37:25 +0000 http://allfinancialmatters.com/?p=4195#comment-444153 how about different payment and it is not fixed can we get it? how about different payment and it is not fixed can we get it?

]]> By: JLP http://allfinancialmatters.com/2009/11/03/how-to-use-the-rate-function-in-excel/comment-page-1/#comment-442654 JLP Thu, 04 Mar 2010 17:02:36 +0000 http://allfinancialmatters.com/?p=4195#comment-442654 If the number is an average monthly return and you want to annualize it, you have to compound the return. You do this by taking the monthly return, adding one to it, and raising that to the 12th power (since there are twelve months in a year). It's really no different than when you have a year rate of return and you want to find out how much you would have 5 or 10 years down the road. If the number is an average monthly return and you want to annualize it, you have to compound the return. You do this by taking the monthly return, adding one to it, and raising that to the 12th power (since there are twelve months in a year). It’s really no different than when you have a year rate of return and you want to find out how much you would have 5 or 10 years down the road.

]]> By: Tony http://allfinancialmatters.com/2009/11/03/how-to-use-the-rate-function-in-excel/comment-page-1/#comment-442647 Tony Thu, 04 Mar 2010 12:57:37 +0000 http://allfinancialmatters.com/?p=4195#comment-442647 Thanks for the tutorial but I'm confused on one point. When I've looked at a number of examples about the RATE function in some basic texts and the Microsoft site they always convert the monthly interst figure to an annual one by multiplying by 12. You instead raise the number to the 12th power giving a quite different result. Why do you use the 12th power instead of multiplying by 12? Thanks for the tutorial but I’m confused on one point. When I’ve looked at a number of examples about the RATE function in some basic texts and the Microsoft site they always convert the monthly interst figure to an annual one by multiplying by 12. You instead raise the number to the 12th power giving a quite different result. Why do you use the 12th power instead of multiplying by 12?

]]> By: Stacey http://allfinancialmatters.com/2009/11/03/how-to-use-the-rate-function-in-excel/comment-page-1/#comment-440407 Stacey Wed, 04 Nov 2009 17:11:45 +0000 http://allfinancialmatters.com/?p=4195#comment-440407 OK, I'll trust you and start trying it your way! OK, I’ll trust you and start trying it your way!

]]> By: Mikey http://allfinancialmatters.com/2009/11/03/how-to-use-the-rate-function-in-excel/comment-page-1/#comment-440406 Mikey Wed, 04 Nov 2009 15:51:28 +0000 http://allfinancialmatters.com/?p=4195#comment-440406 Thanks! Perfect! -Mikey Thanks! Perfect!

-Mikey

]]> By: JLP http://allfinancialmatters.com/2009/11/03/how-to-use-the-rate-function-in-excel/comment-page-1/#comment-440402 JLP Wed, 04 Nov 2009 13:21:07 +0000 http://allfinancialmatters.com/?p=4195#comment-440402 Stacey, The cool thing about using Excel is that once you get it set up, you can run all sorts of comparisons. You can even cut and paste the formula I showed and have different inputs for each row. Pretty cool stuff (I'm easily entertained). Stacey,

The cool thing about using Excel is that once you get it set up, you can run all sorts of comparisons. You can even cut and paste the formula I showed and have different inputs for each row.

Pretty cool stuff (I’m easily entertained).

]]> By: Stacey http://allfinancialmatters.com/2009/11/03/how-to-use-the-rate-function-in-excel/comment-page-1/#comment-440401 Stacey Wed, 04 Nov 2009 13:15:20 +0000 http://allfinancialmatters.com/?p=4195#comment-440401 Thanks for the tutorial. I always use my HP 12c so I've never learned how to do it in Excel. I think my HP is quicker :) Thanks for the tutorial. I always use my HP 12c so I’ve never learned how to do it in Excel. I think my HP is quicker :)

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