You can calculate this with the RATE function by filling its five fields — Nper (number of periods - 12), Pmt (periodic investment – 5000 with a minus sign), Pv (present value – 0), Fv ...

Formulas are powerful tools for performing calculations and analyzing data in Excel. In this beginner’s guide, you’ll learn how to use formulas and explore some popular built-in functions.

Need a formula for your Excel spreadsheet in a flash? Try ChatGPT. In this guide, we'll show you how to write Excel formulas using ChatGPT.