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SCF
02-13-2016, 12:44 PM
Having trouble making the RATE formula work. Tried the formula in the excel but get #NUM response. I would post the attachment here but this site will not let me.

Aussiebear
02-13-2016, 06:25 PM
The #Num! error occurs if you have failed to use a negative figure for the payment amount.

SCF
02-14-2016, 04:56 AM
Thank You

SCF
02-15-2016, 12:34 PM
I thought it was solved because it gave me a % but when I checked it with my calculator I got a different %

SCF
02-15-2016, 12:44 PM
This is the excel for formula =RATE(Z55/52,-Y55,R55)*-1
NUMBERS …. Z55 = 182, Y55 = \$55, R55=\$3360
Z55 = term( this is weekly payments) Y55 = weekly payment, R55 = Present value
The formula calculates a 65% Yield …My calculator say 79.74%

The figures Z55,Y55 and R55 are calculated formulas not direct entered ( if that makes a difference?)

SCF
02-15-2016, 12:54 PM
I just tried the formula by direct entered numbers ( not formulas) does the same thing

Paul_Hossler
02-16-2016, 05:24 PM
Your calculator is right, your Excel is wrong

You're dividing by 52 in the wrong place, and you should be multiplying the RATE() by it

15420

Aussiebear
02-16-2016, 05:48 PM
I agree with Paul, as the need to divide the number of payments is outside the Nper requirements