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Looking for brainstrust help.
Looking for a formula similar to Excel's RATE function to calculate the interest rate associated with each loan.
In Excel
Monthly Payments | Loan Amount | Term | Interest rate |
$ 350.00 | $ 2,800.00 | 9 | 29.1% |
$ 144.45 | $ 1,155.56 | 9 | 29.1% |
$ 1,333.33 | $ 10,800.00 | 9 | 25.9% |
$ 590.88 | $ 4,950.00 | 9 | 17.5% |
Where the interestrate is calculated by RATE (nper, pmt, pv, [fv], [type], [guess])
Is there an equivalent function or formula in Power BI to create an equivalent calculated column?
Any assistance greatly appreciated!
Karl
Hi @KarlNixon ,
have a look at this thread
https://community.powerbi.com/t5/Desktop/Excel-Rate-function-to-build-in-Power-BI/m-p/422743
Best Regards,
Xue Ding
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