RRI function

The RRI function returns the interest rate needed for an investment to reach a specific value within a given number of periods.

Parts of a RRI function

RRI(number_of_periods, present_value, future_value)

Part Description
number_of_periods Required. The number of periods.
present_value Required. The present value of the investment
future_value Required. The future value of the investment.

Notes

  • All values must be positive. Number_of_periods and present_value must be greater than 0.
  • If future_value is 0, the rate returned is -1 (-100%).

Examples

RRI Formula
-0.1083343751 =RRI(10.5, 10, 3)
0.2599210499 =RRI(3, 2, 4)
-1 =RRI(1, 10, 0)

Related functions

  • PDURATION: The PDURATION function returns the number of periods for an investment to reach a specific value at a given rate.
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