RATE DAX Function (Financial)

Returns the interest rate per period of an annuity. RATE is calculated by iteration and can have zero or more solutions. If the successive results of RATE do not converge to within 0.0000001 after 20 iterations, RATE returns an error.

Syntax

RATE ( <Nper>, <Pmt>, <Pv> [, <Fv>] [, <Type>] [, <Guess>] )
Parameter Attributes Description
Nper

The total number of payment periods in an annuity.

Pmt

The payment made each period, which cannot change over the life of the annuity. Typically, pmt includes principal and interest but no other fees or taxes.

Pv

The present value, or the total amount that a series of future payments is worth now.

Fv Optional

The future value, or a cash balance you want to attain after the last payment is made. If fv is omitted, it is assumed to be 0 (the future value of a loan, for example, is 0).

Type Optional

The number 0 or 1, which indicates when payments are due.

Guess Optional

Your guess for what the rate will be. If guess is omitted, it is assumed to be 10%.

Return values

Scalar A single decimal value.

Last update: Nov 20, 2020   » Contribute   » Show contributors

Contributors: Alberto Ferrari, Marco Russo

MSDN documentation: https://support.microsoft.com/en-us/office/rate-function-9f665657-4a7e-4bb7-a030-83fc59e748ce

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Context Transition

This function performs a Context Transition if called in a Row Context. Click to read more.

Row Context

This expression is executed in a Row Context. Click to read more.

Iterator

Not recommended

The use of this function is not recommended. See Remarks and Related functions for alternatives.

Not recommended

The use of this parameter is not recommended.

Deprecated

This function is deprecated. Jump to the Alternatives section to see the function to use.

Deprecated

This parameter is deprecated and its use is not recommended.

DirectQuery compatibility

Limitations are placed on DAX expressions allowed in measures and calculated columns.
The state below shows the DirectQuery compatibility of the DAX function.

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