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Formula Generator - INTRATE function

The INTRATE function calculates the effective interest rate generated when an investment is purchased at one price and sold at another with no interest or dividends generated by the investment itself. It takes into account the buy date, sell date, buy price, sell price, and an optional day count convention parameter.
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How to generate an INTRATE formula using AI.

To obtain the INTRATE formula, you could ask the AI chatbot the following question: "Could you provide me with a formula that calculates the internal rate of return for a series of cash flows in Excel?"

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Step 1: Describe Your Formula
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Step 2: Copy Syntax

INTRATE formula syntax.

The INTRATE function in Excel is used to calculate the effective interest rate per period of an investment. The syntax for the INTRATE function is as follows: =INTRATE(settlement, maturity, investment, redemption, basis) - settlement: The date when the investment was purchased. - maturity: The date when the investment matures. - investment: The amount of the investment. - redemption: The amount the investment will be worth at maturity. - basis: Optional. The day count basis to use for the calculation. Note that the settlement and maturity dates should be entered as valid Excel dates, and the investment and redemption amounts should be entered as positive numbers. The INTRATE function returns the effective interest rate per period as a decimal value.

Use Cases & Examples In these use cases, we use the INTRATE function to calculate the interest rate for a loan or investment based on a series of regular payments or cash flows.
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Provide Clear Context When describing your requirements to the AI, provide clear and concise context about the data you have, the specific task you want to accomplish, and any relevant constraints or conditions. This helps the AI understand the problem accurately.
Include Key Details Include important details such as column names, data ranges, and specific criteria that need to be considered in the formula. The more precise and specific you are, the better the AI can generate an appropriate formula.
Use Examples If possible, provide examples or sample data to illustrate the desired outcome. This can help the AI better understand the pattern or logic you are looking for in the formula.
Mention Desired Functionality Clearly articulate the functionality you want the formula to achieve. Specify if you are looking for lookups, calculations, aggregations, or any other specific operations.