Compare RATE vs IRR

2 vs

Compare RATE vs IRR side-by-side — differences, popularity and recommendation

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All functions Pick at least 2 functions

Feature

Financial

=RATE()

★ Winner

Syntax

Financial

=IRR()

Syntax

Category

Financial financial

Popularity

50 / 100

45 / 100

Views

◉ 33 views

◉ 16 views

Output

Number

Version

All versions

Volatile

Dynamic Array

Description

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 the #NUM! error value.

A number that you guess is close to the result of IRR.

Syntax

=RATE(nper, pmt, pv, [fv], [type], [guess])

=IRR(values, [guess])

Arguments

6 Arguments

nper pmt pv fv (Optional) type (Optional) guess (Optional)

4 Arguments

values iRR (Optional) if (Optional) guess (Optional)

Examples

Tips

★ Recommendation — Winner: =RATE()

=RATE() is recommended based on higher popularity, newer version and Dynamic Array support.

Winner: =RATE()