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On a 2 payment per year basis .....6 monthly
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One way:
If you have the following information: A1: <annual interest rate A2: <number of years A3: <Principal amount A4: =PMT(A1/2, A2*2, A3) The key is to make sure the rate and the periods are in sync - i.e., if you have 6-month periods, you need to have 6-month rates. In article , Daniel wrote: On a 2 payment per year basis .....6 monthly |
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