Question: How Do You Use The Rate Function?

How do you use year function?

The Excel YEAR function returns the year component of a date as a 4-digit number.

You can use the YEAR function to extract a year number from a date into a cell or to extract and feed a year value into another formula, like the DATE function..

How do I calculate interest rate in Excel?

=PMT(17%/12,2*12,5400)The rate argument is the interest rate per period for the loan. For example, in this formula the 17% annual interest rate is divided by 12, the number of months in a year.The NPER argument of 2*12 is the total number of payment periods for the loan.The PV or present value argument is 5400.

How do you calculate annual rate in Excel?

To calculate the Compound Annual Growth Rate in Excel, there is a basic formula =((End Value/Start Value)^(1/Periods) -1. … Actually, the XIRR function can help us calculate the Compound Annual Growth Rate in Excel easily, but it requires you to create a new table with the start value and end value.More items…

Which function finds the largest number in a range?

ExampleAFormulaDescription (Result)=MIN(A2:A7)Smallest number in the range (0)=MAX(A2:A7)Largest number in the range (27)=SMALL(A2:A7, 2)Second smallest number in the range (4)8 more rows

What is the return value of right function?

RIGHT returns the last character or characters in a text string, based on the number of characters you specify. RIGHTB returns the last character or characters in a text string, based on the number of bytes you specify. Important: These functions may not be available in all languages.

How does the Find function work?

The Excel FIND function returns the position (as a number) of one text string inside another. When the text is not found, FIND returns a #VALUE error. A number representing the location of find_text. find_text – The text to find.