Formula generator for INTRATE function
The INTRATE function calculates the effective interest rate generated when an investment is purchased at one price and sold at another with no interest or dividends generated by the investment itself. It takes into account the buy date, sell date, buy price, sell price, and an optional day count convention parameter.
Formula generator
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How to generate an INTRATE formula using AI.
To obtain information on the ARRAY_CONSTRAIN formula, you could ask the AI chatbot the following question: “To obtain the INTRATE formula, you could ask the AI chatbot the following question: "Could you provide me with a formula that calculates the internal rate of return for a series of cash flows in Excel?"”
INTRATE formula syntax
The INTRATE function in Excel is used to calculate the effective interest rate per period of an investment. The syntax for the INTRATE function is as follows: =INTRATE(settlement, maturity, investment, redemption, basis) - settlement: The date when the investment was purchased. - maturity: The date when the investment matures. - investment: The amount of the investment. - redemption: The amount the investment will be worth at maturity. - basis: Optional. The day count basis to use for the calculation. Note that the settlement and maturity dates should be entered as valid Excel dates, and the investment and redemption amounts should be entered as positive numbers. The INTRATE function returns the effective interest rate per period as a decimal value.
Use Cases & Examples
In these use cases, we use the INTRATE function to calculate the interest rate for a loan or investment based on a series of regular payments or cash flows.
Calculating Effective Interest Rate for a Stock Investment
Description
Calculates the effective interest rate generated when an investment is purchased at one price and sold at another with no interest or dividends generated by the investment itself.
Result
INTRATE(buy_date, sell_date, buy_price, sell_price, [day_count_convention])
Analyzing Interest Rate for Bond Investments
Description
Calculates the effective interest rate for bond investments based on the buy date, sell date, buy price, sell price, and the specified day count convention.
Result
INTRATE(buy_date, sell_date, buy_price, sell_price, [day_count_convention])
Estimating Interest Rate for Loan Repayment
Description
Estimates the effective interest rate for loan repayment by considering the buy date, sell date, buy price, sell price, and the chosen day count convention.
Result
INTRATE(buy_date, sell_date, buy_price, sell_price, [day_count_convention])
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