Excel RRI Function
The RRI function returns the equivalent interest rate for the growth of an investment.
Syntax and arguments
The RRI function returns a numeric value. You can format the result to a percentage format.
#NUM! error value occurs when any one of arguments is an invalid value:
- Argument nper <= 0
- Either of argument pv and fv <= 0
#VALUE! error value occurs when any one of arguments is not a numeric value, such as argument nper is a text.
RRI function is calculated by follow equation:
Excel 2013 or later
Usage and Examples
Example: basic usage
In table B3:C5, listing the number of periods, present of value and the future value of an investment, to calculate its equivalent interest rate, please use formula as this:
=RRI(C3,C4,C5) //Or you can directly use data in the formula as this =RRI(10,30000,40000)
Press Enter key to get result.
If the result is not be displayed as percentage, please select the result and click Home tab and go to click % in the Number group.
Excel PRICEMAT Function
The PRICEMAT function returns the price per $100 face value of a security that pays interests at maturity.
Excel PV Function
The PV function returns the present value of a loan or an investment based on a constant interest rate.
Excel RATE Function
The RATE returns the interest rate per period of an annuity.
Excel RECEIVED Function
The RECEIVED function returns the amount received at maturity for a fully invested security.