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Calculating an Implied Interest Rate

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Old September 6th 06, 11:07 PM posted to microsoft.public.excel.misc
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Default Calculating an Implied Interest Rate

I would like to create a spreadsheet that analyzes payment options. The
alternative is to pay $30,000 for something today or to pay $32,100 in twelve
months from today w/ monthly payments of 32,100/12. What Excel formula would
I use to calculate the implied interest rate? Thank you in advance for your

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