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Canvas App - PowerFx Financial calculations

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Posted on by MMCJF 6

Hi,

 

I am developing a canvas app that involves financial calculations that are normally calculated in Excel.

I am struggling with the calculation of rate and nper in PowerFx.

 

I am hoping that someone can help write the following excel formulas in PowerFx:

 

RATE(nper, pmt, pv, [fv], [type], [guess])

NPER(rate,pmt,pv,[fv],[type])

Categories:
Building Power Apps
I have the same question (0)
  • mmollet Profile Picture
    mmollet 3,187 on at

    to truly implement this you would need to run an iterative algo that approaches the desired payment until a tollerance is met at which point it can output the calculation. This seems like it would be a nightmare in powerapps and would definatly have a good chance of not being as accurate. You could look into custom functions. I am on a mac and so dont have desktop version and therefor cannot look into them for you unfortunately. I will play around with this and see if i can get something that works at all. 

     

    The other option is to use excel connector to calculate the RATE and then just read it from the file. This may be a work around but would be relatively easy to do using a flow.

  • MMR1 Profile Picture
    MMR1 7 on at
    Hi. Did you find a solution for this? 

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