ARATE() - Periodic interest rate

Calculates the periodic interest rate of an annuity.

Returns

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

Arguments

Type	Field	Description
double	dPrincipal	Initial capital
double	dPmt	Periodic payment
integer	iTerm	Total number of periods
integer	iBasis	Value: 0 = end 1 = begin

16 bit DLL declarations

PowerBuilder Function declaration

function double ARATE(double dPrincipal, double dPmt, integer iTerm, int iBasis) library "IFL16.DLL"

Visual Basic Function declaration

Declare Function ARATE lib "IFL16" (ByVal dPrincipal As Double, ByVal dPmt As Double, ByVal iTerm As Integer, ByVal iBasis As Integer) As Double

C/C++ Synopsis

#include "function.h"

double ARATE(double dPrincipal, double dPmt, integer iTerm, int iBasis)

32 bit DLL declarations

PowerBuilder Function declaration

function double ARATE(double dPrincipal, double dPmt, integer iTerm, int iBasis) library "IFL32.DLL"

Visual Basic Function declaration

Declare Function ARATE lib "IFL32" (ByVal dPrincipal As Double, ByVal dPmt As Double, ByVal iTerm As Integer, ByVal iBasis As Integer) As Double

C/C++ Synopsis

#include "function.h"

double ARATE(double dPrincipal, double dPmt, integer iTerm, short sBasis)

Example:

dPrincipal	=	8,000
dPmt	=	273.44
iTerm	=	36
iBasis	=	0

Result: .01167 (1.167%)