VBA Rate function is categorized as Financial function. This is a built-in Excel VBA Function. This function calculates the interest rate per payment period of an annuity. We can use this function in VBA and can’t use in Excel. This function we use in either procedure or function in a VBA editor window in Excel. We can use this VBA Rate Function in any number of times in any number of procedures or functions. Let us learn what is the syntax and parameters of the Rate function, where we can use this Rate Function and real-time examples in Excel VBA.
The syntax of the Rate Function in VBA is
Rate(NPer, Pmt, PV, [FV], [Due], [Guess])
The Rate function returns a double value.
The Rate function has six arguments in Excel VBA.
NPer:The NPer is a required argument.
Pmt:The Pmt is a required argument.
PV:The PV is a required argument.
[FV]:The [FV] is an optional argument.
[Due]:The [Due] is an optional argument.
[Guess]:The [Guess] is an optional argument.
We can use this Rate Function in VBA MS Office 365, MS Excel 2016, MS Excel 2013, 2011, Excel 2010, Excel 2007, Excel 2003, Excel 2016 for Mac, Excel 2011 for Mac, Excel Online, Excel for iPhone, Excel for iPad, Excel for Android tablets and Excel for Android Mobiles.
Here are the step by step instructions to use the VBA Rate function in Excel VBA.
- Open an Excel workbook.
- Press Alt+F11 to open VBA Editor window.
- Go to Insert menu and click on module from the available options.
- Copy above specified procedures or macros to the VBA editor.
- Select any procedure from above codes and click on ‘Run’ command or use Keyboard shortcut ‘F5’.
List of VBA Functions:
Please click on below link to go back to see all List of VBA Functions.