APR() - Annual percentage rate

Calculates the annual interest rate necessary for an investment to grow over a number of compounding periods.

Returns

Double value if successful. If an error occurs, this function returns a zero.

Arguments

Type	Field	Description
double	dFV	Future value
double	dPV	Present value
long	lTerm	Total number of periods
integer	sPeriod	Periods per year

16-bit DLL declarations

PowerBuilder Function declaration

function double APR(double dFV, double dPV, long lTerm, int sPeriod) library "IFL16.DLL"

Visual Basic Function declaration

Declare Function APR lib "IFL16" (ByVAl dFV As Double, ByVal dPV As Double, ByVal lTerm As Long, ByVal sPeriod As Integer) As Double

C/C++ Synopsis

#include "function.h"

double APR(double dFV, double dPV, long lTerm, int sPeriod)

32-bit DLL declarations

PowerBuilder Function declaration

function double APR(double dFV, double dPV, long lTerm, int sPeriod) library "IFL32.DLL"

Visual Basic Function declaration

Declare Function APR lib "IFL32" (ByVAl dFV As Double, ByVal dPV As Double, ByVal lTerm As Long, ByVal sPeriod As Integer) As Double

C/C++ Synopsis

#include "function.h"

double APR(double dFV, double dPV, long lTerm, short sPeriod)

Example:

dFV	=	18000
dPV	=	10000
lTerm	=	60
sPeriod	=	12	(12 periods per year)

Result: 0.1247 (12.47%)