How do I calculate rate when pmt is made at end of periods

  • Thread starter Thread starter Guest
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G

Guest

I have made a loan for 152 days. The amount is 160000 payable at end of
period in the amount of 179543.

Please give me the formula.
 
Here you go:

The rate function will give you the periodic rate (for 152/365 of a year).
=RATE(nper,pmt,pv,fv,type)

Which must be adjusted to get the APR
=RATE(1,179543,-160000,0)/152*365

Does that help?

Regards,
Ron
 
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