Written by Calculates the interest rate necessary for an investment to achieve a designated value over a specified number of periods.
Written by The RRI function in Excel calculates the interest rate required to achieve a specified return on an investment over a certain number of periods. This financial function is essential for assessing the growth rate of an investment based on its initial and final values along with the total number of periods. Understanding how to use the RRI function can enhance a user’s ability to make informed financial decisions.