Use Excel in your rate card formulas to calculate discounts, ... Functions include the RATE() function, which calculates the interest rate, and the PRODUCT() function, ...

Here’s where the RATE function in MS Excel can be useful — it gives the answer in a jiffy. The RATE function has five arguments or fields (Screenshot 1). Nper is the number of periods.

2. Excel’s XIRR function. Excel’s XIRR function calculates a more accurate internal rate of return because it takes into consideration different-size time periods. To use this function, you must ...

Excel 2013 provides the DATE and XIRR functions, which derive the final annual interest rate from a series of payments on known dates. Enter your list of payment amounts in column A.

When we think of modern data analysis, we tend to think of companies. But there's a case to be made for more robust personal finance spreadsheets. That's what we are discussing today: Two helpful ...

The RATE function cannot handle this calculation, but IRR can. Annual investment, same amount The IRR function gives the result (annual return) as 2.92 per cent.