Excel - Microsoft Excel RRI Function

Description

Returns an equivalent interest rate for the growth of an investment.

Syntax

RRI(nper, pv, fv)

The RRI function syntax has the following arguments.

• Nper    Required. Nper is the number of periods for the investment.
• Pv    Required. Pv is the present value of the investment.
• Fv    Required. Fv is the future value of the investment.

RRI returns the interest rate given nper (the number of periods), pv (present value), and fv (future value), calculated by using the following equation:

Remarks

• If argument values are not valid, RRI returns the #NUM! error value.
• If arguments are not using valid data types, RRI returns the #VALUE! error value.